VECP.L vs. IGBE.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) are both European Corporate Bonds funds - VECP.L tracks the Bloomberg Euro Corp TR EUR while IGBE.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, VECP.L returned -0.29%/yr vs -0.70%/yr for IGBE.L. At a 0.43 correlation, their price movements are largely independent. VECP.L charges 0.09%/yr vs 0.10%/yr for IGBE.L.
Performance
VECP.L vs. IGBE.L - Performance Comparison
Loading charts...
Different Trading Currencies
VECP.L is traded in GBP, while IGBE.L is traded in GBp. To make them comparable, the IGBE.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 -2.49% return, which is significantly lower than IGBE.L's -0.06% return.
VECP.L
- 1D
- -0.71%
- 1M
- -2.23%
- 6M
- -2.06%
- YTD
- -2.49%
- 1Y
- -0.76%
- 3Y*
- 4.07%
- 5Y*
- -0.29%
- 10Y*
- 0.97%
IGBE.L
- 1D
- 0.04%
- 1M
- -0.47%
- 6M
- -0.61%
- YTD
- -0.06%
- 1Y
- 3.86%
- 3Y*
- 6.42%
- 5Y*
- -0.70%
- 10Y*
- —
VECP.L vs. IGBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -2.49% | 8.48% | -0.44% | 5.44% | -8.54% | -7.52% | 9.23% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.06% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
Correlation
The correlation between VECP.L and IGBE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.43 |
The correlation between VECP.L and IGBE.L shifts across timeframes, from 0.37 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VECP.L vs. IGBE.L — Risk / Return Rank
VECP.L
IGBE.L
VECP.L vs. IGBE.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 Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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 | IGBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.14 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.99 | -1.18 |
| Martin ratioReturn relative to average drawdown | -0.44 | 3.01 | -3.44 |
Loading charts...
Drawdowns
VECP.L vs. IGBE.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -21.45%, smaller than the maximum IGBE.L drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for VECP.L and IGBE.L.
Loading charts...
Drawdown Indicators
| VECP.L | IGBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -30.19% | +8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -3.86% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.04% | -3.86% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -29.11% | +12.33% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | — | — |
Current DrawdownCurrent decline from peak | -7.97% | -5.96% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -10.66% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.28% | +0.45% |
Volatility
VECP.L vs. IGBE.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) is 1.20%, while Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a volatility of 1.45%. This indicates that VECP.L experiences smaller price fluctuations and is considered to be less risky than IGBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VECP.L | IGBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.45% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.37% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 5.08% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.45% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 7.56% | -0.38% |
VECP.L vs. IGBE.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is lower than IGBE.L's 0.10% 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. IGBE.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.51%, less than IGBE.L's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 5.02% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.51% | 3.37% | 3.44% | 2.80% | 1.00% | 0.62% | 0.59% | 0.81% | 0.96% | 1.07% | 0.85% |
Frequently Asked Questions
VECP.L and IGBE.L have a correlation of 0.37, 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 0.10% for IGBE.L.
VECP.L tracks Bloomberg Euro Corp TR EUR, while IGBE.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VECP.L and 0.10% for IGBE.L.
Find the right allocation for VECP.L and IGBE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer