VECP.L vs. IE15.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - VECP.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 10 years, VECP.L returned 0.95%/yr vs 0.87%/yr for IE15.L. Their correlation of 0.81 suggests significant overlap in exposure. VECP.L charges 0.09%/yr vs 0.20%/yr for IE15.L.
Performance
VECP.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
VECP.L is traded in GBP, while IE15.L is traded in EUR. To make them comparable, the IE15.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 -2.36% return, which is significantly higher than IE15.L's -3.61% return. Over the past 10 years, VECP.L has outperformed IE15.L with an annualized return of 0.95%, while IE15.L has yielded a comparatively lower 0.87% annualized return.
VECP.L
- 1D
- 0.32%
- 1M
- -2.31%
- 6M
- -1.87%
- YTD
- -2.36%
- 1Y
- -0.51%
- 3Y*
- 3.85%
- 5Y*
- -0.26%
- 10Y*
- 0.95%
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
VECP.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -2.36% | 8.48% | -0.44% | 5.44% | -8.54% | -7.52% | 8.36% | 0.80% | -0.20% | 6.03% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | 6.78% | -3.20% | 0.33% | 5.17% |
Correlation
The correlation between VECP.L and IE15.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.81 |
The correlation between VECP.L and IE15.L has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
VECP.L vs. IE15.L — Risk / Return Rank
VECP.L
IE15.L
VECP.L vs. IE15.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 iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VECP.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.93 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.39 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.82 | +0.53 |
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Drawdowns
VECP.L vs. IE15.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -21.45%, which is greater than IE15.L's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for VECP.L and IE15.L.
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Drawdown Indicators
| VECP.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -16.54% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -4.93% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.93% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -9.97% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -15.62% | -5.83% |
Current DrawdownCurrent decline from peak | -7.84% | -4.74% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -6.69% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.36% | -0.59% |
Volatility
VECP.L vs. IE15.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) have volatilities of 1.23% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECP.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.19% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.19% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 4.47% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 5.52% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 6.85% | +0.33% |
VECP.L vs. IE15.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is lower than IE15.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VECP.L vs. IE15.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.44%, more than IE15.L's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.44% | 3.37% | 3.44% | 2.80% | 1.00% | 0.62% | 0.59% | 0.81% | 0.96% | 1.07% | 0.85% | 0.00% |
Frequently Asked Questions
VECP.L and IE15.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IE15.L.
VECP.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. VECP.L tracks Bloomberg Euro Corp TR EUR, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECP.L and 0.20% for IE15.L.
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