VETY.L vs. VECP.DE
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both exchange-traded funds - VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while VECP.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, VETY.L returned -3.27%/yr vs 0.34%/yr for VECP.DE. A 0.75 correlation means they provide meaningful diversification when combined. VETY.L charges 0.07%/yr vs 0.09%/yr for VECP.DE.
Performance
VETY.L vs. VECP.DE - Performance Comparison
Loading charts...
Different Trading Currencies
VETY.L is traded in GBP, while VECP.DE is traded in EUR. To make them comparable, the VECP.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VETY.L achieves a -2.03% return, which is significantly lower than VECP.DE's -0.27% return.
VETY.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- -2.03%
- 6M
- -2.33%
- 1Y
- -0.25%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
VECP.DE
- 1D
- 0.22%
- 1M
- 0.92%
- YTD
- -0.27%
- 6M
- -0.61%
- 1Y
- 4.55%
- 3Y*
- 4.72%
- 5Y*
- 0.34%
- 10Y*
- —
VETY.L vs. VECP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 5.08% | -13.54% | -9.76% | 10.66% | 1.61% | 1.86% | 0.05% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.27% | 8.36% | -0.22% | 5.58% | -8.35% | -7.91% | 8.65% | 0.51% | 0.30% | 0.52% |
Correlation
The correlation between VETY.L and VECP.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.75 |
The correlation between VETY.L and VECP.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VETY.L vs. VECP.DE — Risk / Return Rank
VETY.L
VECP.DE
VETY.L vs. VECP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) and Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE). 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.
| VETY.L | VECP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.22 | -1.27 |
| Martin ratioReturn relative to average drawdown | -0.10 | 3.09 | -3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VETY.L | VECP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.92 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.05 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.09 | -0.05 |
Drawdowns
VETY.L vs. VECP.DE - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, which is greater than VECP.DE's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for VETY.L and VECP.DE.
Loading charts...
Drawdown Indicators
| VETY.L | VECP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -21.04% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -3.71% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -3.71% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -16.46% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | — | — |
Current DrawdownCurrent decline from peak | -23.46% | -5.31% | -18.15% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -8.70% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.47% | +0.97% |
Volatility
VETY.L vs. VECP.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) has a higher volatility of 1.84% compared to Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) at 1.41%. This indicates that VETY.L's price experiences larger fluctuations and is considered to be riskier than VECP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VETY.L | VECP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.41% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 3.67% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 4.92% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 6.29% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 7.07% | +1.47% |
VETY.L vs. VECP.DE - Expense Ratio Comparison
VETY.L has a 0.07% expense ratio, which is lower than VECP.DE's 0.09% 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
VETY.L vs. VECP.DE - Dividend Comparison
VETY.L has not paid dividends to shareholders, while VECP.DE's dividend yield for the trailing twelve months is around 3.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.41% | 3.43% | 3.37% | 3.00% | 1.45% | 0.66% | 0.76% | 0.79% | 0.97% | 0.19% | 0.00% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% |
Frequently Asked Questions
VETY.L and VECP.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETY.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L is cheaper with a 0.07% expense ratio, compared with 0.09% for VECP.DE.
VETY.L is categorized as European Government Bonds, while VECP.DE is European Corporate Bonds. VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while VECP.DE tracks Bloomberg Euro Corp TR EUR. Their fees differ too: 0.07% for VETY.L and 0.09% for VECP.DE.
Find the right allocation for VETY.L and VECP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer