VECP.L vs. VWRL.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - VECP.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while VWRL.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VECP.L returned 2.41%/yr vs 13.48%/yr for VWRL.L. At a 0.28 correlation, their price movements are largely independent. VECP.L charges 0.09%/yr vs 0.19%/yr for VWRL.L.
Performance
VECP.L vs. VWRL.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 VWRL.L's 11.87% return. Over the past 10 years, VECP.L has underperformed VWRL.L with an annualized return of 2.41%, while VWRL.L has yielded a comparatively higher 13.48% 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%
VWRL.L
- 1D
- -0.06%
- 1M
- 5.33%
- YTD
- 11.87%
- 6M
- 12.31%
- 1Y
- 29.86%
- 3Y*
- 17.97%
- 5Y*
- 12.45%
- 10Y*
- 13.48%
VECP.L vs. VWRL.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% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 11.87% | 13.99% | 19.59% | 15.61% | -8.44% | 20.04% | 12.13% | 22.03% | -4.70% | 13.22% |
Correlation
The correlation between VECP.L and VWRL.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.28 |
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Return for Risk
VECP.L vs. VWRL.L — Risk / Return Rank
VECP.L
VWRL.L
VECP.L vs. VWRL.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 FTSE All-World UCITS ETF Distributing (VWRL.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 | VWRL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.55 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.20 | -2.99 |
| Martin ratioReturn relative to average drawdown | 3.08 | 17.09 | -14.02 |
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 | VWRL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.88 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.97 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.94 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.95 | -0.62 |
Drawdowns
VECP.L vs. VWRL.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, smaller than the maximum VWRL.L drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for VECP.L and VWRL.L.
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Drawdown Indicators
| VECP.L | VWRL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -24.98% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -7.08% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -17.48% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -17.48% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -24.98% | +4.42% |
Current DrawdownCurrent decline from peak | -3.44% | -0.48% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -3.30% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.74% | -0.22% |
Volatility
VECP.L vs. VWRL.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) is 1.45%, while Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a volatility of 2.97%. This indicates that VECP.L experiences smaller price fluctuations and is considered to be less risky than VWRL.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 | VWRL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.97% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 7.64% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 10.34% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 12.86% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 14.25% | -6.67% |
VECP.L vs. VWRL.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is lower than VWRL.L's 0.19% 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. VWRL.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, more than VWRL.L's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.85% | 2.00% |
Frequently Asked Questions
VECP.L and VWRL.L have a correlation of 0.28, 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 0.19% for VWRL.L.
VECP.L is categorized as European Corporate Bonds, while VWRL.L is Global Equities. VECP.L tracks Bloomberg Euro Corp TR EUR, while VWRL.L tracks FTSE All-World Index. Their fees differ too: 0.09% for VECP.L and 0.19% for VWRL.L.
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