VECP.L vs. J15R.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and J15R.L (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - VECP.L tracks the Bloomberg Euro Corp TR EUR while J15R.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, VECP.L returned 0.73%/yr vs 1.30%/yr for J15R.L. Their correlation of 0.92 suggests significant overlap in exposure. VECP.L charges 0.09%/yr vs 0.04%/yr for J15R.L.
Performance
VECP.L vs. J15R.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 higher than J15R.L's -0.52% 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%
J15R.L
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- -0.52%
- 6M
- -0.43%
- 1Y
- 4.87%
- 3Y*
- 4.41%
- 5Y*
- 1.30%
- 10Y*
- —
VECP.L vs. J15R.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.09% |
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -0.52% | 8.88% | -0.40% | 4.16% | -2.63% | -6.93% | 6.49% | -3.37% | 0.59% |
Correlation
The correlation between VECP.L and J15R.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.92 |
The correlation between VECP.L and J15R.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
VECP.L vs. J15R.L — Risk / Return Rank
VECP.L
J15R.L
VECP.L vs. J15R.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 JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.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 | J15R.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.45 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.08 | 3.71 | -0.63 |
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 | J15R.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.13 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.24 | -0.12 |
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 | 0.11 | +0.22 |
Drawdowns
VECP.L vs. J15R.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, which is greater than J15R.L's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for VECP.L and J15R.L.
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Drawdown Indicators
| VECP.L | J15R.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -16.15% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.35% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.35% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -10.32% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -3.44% | -1.85% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -7.53% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.31% | +0.21% |
Volatility
VECP.L vs. J15R.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a higher volatility of 1.45% compared to JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (J15R.L) at 1.27%. This indicates that VECP.L's price experiences larger fluctuations and is considered to be riskier than J15R.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 | J15R.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.27% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.12% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 4.31% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 5.47% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 6.42% | +1.16% |
VECP.L vs. J15R.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is higher than J15R.L's 0.04% expense ratio. However, 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. J15R.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, while J15R.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
J15R.L JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
With a correlation of 0.96, VECP.L and J15R.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, J15R.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
J15R.L is cheaper with a 0.04% expense ratio, compared with 0.09% for VECP.L.
VECP.L tracks Bloomberg Euro Corp TR EUR, while J15R.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.09% for VECP.L and 0.04% for J15R.L.
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