VECP.L vs. GBP5.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) are both European Corporate Bonds funds - VECP.L tracks the Bloomberg Euro Corp TR EUR while GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, VECP.L returned 0.73%/yr vs 2.30%/yr for GBP5.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
VECP.L vs. GBP5.L - Performance Comparison
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Different Trading Currencies
VECP.L is traded in GBP, while GBP5.L is traded in GBp. To make them comparable, the GBP5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECP.L achieves a -0.48% return, which is significantly lower than GBP5.L's 0.88% return.
VECP.L
- 1D
- 0.27%
- 1M
- 1.02%
- YTD
- -0.48%
- 6M
- -0.49%
- 1Y
- 4.68%
- 3Y*
- 4.97%
- 5Y*
- 0.73%
- 10Y*
- 2.41%
GBP5.L
- 1D
- 0.07%
- 1M
- 1.04%
- YTD
- 0.88%
- 6M
- 1.26%
- 1Y
- 4.69%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
VECP.L vs. GBP5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.48% | 8.47% | 0.17% | 6.15% | -7.51% | -4.05% |
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.54% |
Correlation
The correlation between VECP.L and GBP5.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.28 |
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Return for Risk
VECP.L vs. GBP5.L — Risk / Return Rank
VECP.L
GBP5.L
VECP.L vs. GBP5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) and L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VECP.L | GBP5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.57 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.08 | 9.07 | -6.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VECP.L | GBP5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.32 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.66 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.64 | -0.32 |
Drawdowns
VECP.L vs. GBP5.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, which is greater than GBP5.L's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for VECP.L and GBP5.L.
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Drawdown Indicators
| VECP.L | GBP5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -11.97% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -1.82% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -1.82% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -11.97% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -3.44% | -0.51% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -2.22% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.52% | +1.00% |
Volatility
VECP.L vs. GBP5.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) is 1.45%, while L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) has a volatility of 1.86%. This indicates that VECP.L experiences smaller price fluctuations and is considered to be less risky than GBP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECP.L | GBP5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.86% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.08% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 3.54% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 3.54% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 3.48% | +4.10% |
VECP.L vs. GBP5.L - Expense Ratio Comparison
Both VECP.L and GBP5.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VECP.L vs. GBP5.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, less than GBP5.L's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.42% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% |
Frequently Asked Questions
VECP.L and GBP5.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L and GBP5.L have the same expense ratio: 0.09% per year.
VECP.L tracks Bloomberg Euro Corp TR EUR, while GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Vanguard and Legal & General.
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