VECP.L vs. VUCP.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both exchange-traded funds - VECP.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while VUCP.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 10 years, VECP.L returned 2.45%/yr vs 2.71%/yr for VUCP.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
VECP.L vs. VUCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, VECP.L achieves a -0.74% return, which is significantly lower than VUCP.L's -0.23% return. Over the past 10 years, VECP.L has underperformed VUCP.L with an annualized return of 2.45%, while VUCP.L has yielded a comparatively higher 2.71% annualized return.
VECP.L
- 1D
- -0.22%
- 1M
- 0.44%
- YTD
- -0.74%
- 6M
- -0.93%
- 1Y
- 4.40%
- 3Y*
- 4.88%
- 5Y*
- 0.68%
- 10Y*
- 2.45%
VUCP.L
- 1D
- 0.29%
- 1M
- 1.74%
- YTD
- -0.23%
- 6M
- -0.79%
- 1Y
- 5.18%
- 3Y*
- 1.89%
- 5Y*
- 0.96%
- 10Y*
- 2.71%
VECP.L vs. VUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.74% | 8.47% | 0.17% | 6.15% | -7.51% | -7.24% | 8.80% | 0.94% | -0.08% | 6.20% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | -0.23% | -0.91% | 4.32% | 1.29% | -5.38% | -0.63% | 4.96% | 10.22% | 2.22% | -3.67% |
Correlation
The correlation between VECP.L and VUCP.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.58 |
The correlation between VECP.L and VUCP.L shifts across timeframes, from 0.41 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.L vs. VUCP.L — Risk / Return Rank
VECP.L
VUCP.L
VECP.L vs. VUCP.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 Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.14 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.90 | 2.59 | +0.31 |
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 | VUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.95 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.11 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.27 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.27 | +0.05 |
Drawdowns
VECP.L vs. VUCP.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, which is greater than VUCP.L's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for VECP.L and VUCP.L.
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Drawdown Indicators
| VECP.L | VUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -16.84% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -5.00% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -9.00% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -13.14% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -16.84% | -3.72% |
Current DrawdownCurrent decline from peak | -3.69% | -7.92% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -7.67% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.20% | -0.69% |
Volatility
VECP.L vs. VUCP.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) is 1.47%, while Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) has a volatility of 1.73%. This indicates that VECP.L experiences smaller price fluctuations and is considered to be less risky than VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.73% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 4.46% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 6.05% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 8.51% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 9.92% | -2.34% |
VECP.L vs. VUCP.L - Expense Ratio Comparison
Both VECP.L and VUCP.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. VUCP.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.43%, less than VUCP.L's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.43% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 3.86% | 4.02% | 4.73% | 3.57% | 2.79% | 1.85% | 2.36% | 2.64% | 2.58% | 2.57% | 1.73% |
Frequently Asked Questions
VECP.L and VUCP.L have a correlation of 0.41, 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 VUCP.L have the same expense ratio: 0.09% per year.
VECP.L is categorized as European Corporate Bonds, while VUCP.L is Corporate Bonds. VECP.L tracks Bloomberg Euro Corp TR EUR, while VUCP.L tracks Bloomberg US Corp Bond TR USD.
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