VECP.L vs. VUTY.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and VUTY.L (Vanguard USD Treasury 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 VUTY.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, VECP.L returned 2.41%/yr vs 1.68%/yr for VUTY.L. A 0.55 correlation means they provide meaningful diversification when combined. VECP.L charges 0.09%/yr vs 0.05%/yr for VUTY.L.
Performance
VECP.L vs. VUTY.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 VUTY.L's -0.16% return. Over the past 10 years, VECP.L has outperformed VUTY.L with an annualized return of 2.41%, while VUTY.L has yielded a comparatively lower 1.68% 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%
VUTY.L
- 1D
- 0.07%
- 1M
- 0.92%
- YTD
- -0.16%
- 6M
- -0.74%
- 1Y
- 4.32%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
VECP.L vs. VUTY.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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | 3.70% | 6.64% | -6.82% |
Correlation
The correlation between VECP.L and VUTY.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.55 |
The correlation between VECP.L and VUTY.L shifts across timeframes, from 0.36 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.L vs. VUTY.L — Risk / Return Rank
VECP.L
VUTY.L
VECP.L vs. VUTY.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 Treasury Bond UCITS ETF Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.83 | +0.38 |
| Martin ratioReturn relative to average drawdown | 3.08 | 1.98 | +1.09 |
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 | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.73 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.07 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.17 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.13 | +0.20 |
Drawdowns
VECP.L vs. VUTY.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, smaller than the maximum VUTY.L drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for VECP.L and VUTY.L.
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Drawdown Indicators
| VECP.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -22.63% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -5.25% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -8.27% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -16.17% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -22.63% | +2.07% |
Current DrawdownCurrent decline from peak | -3.44% | -17.85% | +14.41% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -12.63% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.20% | -0.68% |
Volatility
VECP.L vs. VUTY.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) and Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) have volatilities of 1.45% and 1.43%, 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 | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.43% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 4.36% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 5.96% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 8.71% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 10.00% | -2.42% |
VECP.L vs. VUTY.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is higher than VUTY.L's 0.05% 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. VUTY.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, less than VUTY.L's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
VECP.L and VUTY.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.09% for VECP.L.
VECP.L is categorized as European Corporate Bonds, while VUTY.L is Government Bonds. VECP.L tracks Bloomberg Euro Corp TR EUR, while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. Their fees differ too: 0.09% for VECP.L and 0.05% for VUTY.L.
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