VECP.L vs. IS15.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds - VECP.L tracks the Bloomberg Euro Corp TR EUR while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 10 years, VECP.L returned 2.41%/yr vs 2.28%/yr for IS15.L. At a 0.31 correlation, their price movements are largely independent. VECP.L charges 0.09%/yr vs 0.20%/yr for IS15.L.
Performance
VECP.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, VECP.L achieves a -0.48% return, which is significantly lower than IS15.L's 0.59% return. Over the past 10 years, VECP.L has outperformed IS15.L with an annualized return of 2.41%, while IS15.L has yielded a comparatively lower 2.28% annualized 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%
IS15.L
- 1D
- -0.19%
- 1M
- 0.81%
- YTD
- 0.59%
- 6M
- 1.03%
- 1Y
- 4.47%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 2.28%
VECP.L vs. IS15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.48% | 8.47% | 0.17% | 6.15% | -7.51% | -7.24% | 8.80% | 0.94% | -0.08% | 6.20% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
Correlation
The correlation between VECP.L and IS15.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 | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.31 |
The correlation between VECP.L and IS15.L shifts across timeframes, from 0.31 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.L vs. IS15.L — Risk / Return Rank
VECP.L
IS15.L
VECP.L vs. IS15.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 GBP Corporate Bond 0-5yr UCITS ETF (IS15.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 | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.36 | -1.15 |
| 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 | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.77 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.70 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.73 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.87 | -0.54 |
Drawdowns
VECP.L vs. IS15.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, which is greater than IS15.L's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for VECP.L and IS15.L.
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Drawdown Indicators
| VECP.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -12.18% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -1.94% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -1.94% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -12.18% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -12.18% | -8.38% |
Current DrawdownCurrent decline from peak | -3.44% | -0.30% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -1.12% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.50% | +1.02% |
Volatility
VECP.L vs. IS15.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a higher volatility of 1.45% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 1.02%. This indicates that VECP.L's price experiences larger fluctuations and is considered to be riskier than IS15.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 | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.02% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 2.32% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 2.58% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 3.30% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 3.13% | +4.45% |
VECP.L vs. IS15.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is lower than IS15.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. IS15.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, less than IS15.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
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% | 0.00% |
Frequently Asked Questions
VECP.L and IS15.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 0.20% for IS15.L.
VECP.L tracks Bloomberg Euro Corp TR EUR, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECP.L and 0.20% for IS15.L.
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