VGCAX vs. IE00BFPM9N11.EUFUND

Last updated Jun 13, 2026

VGCAX (Vanguard Global Credit Bond Fund Admiral Shares) and IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) are both mutual funds - VGCAX is a Total Bond Market fund managed by Vanguard, while IE00BFPM9N11.EUFUND is a Global Equities fund managed by Vanguard. Over the past 5 years, VGCAX returned 1.34%/yr vs 11.67%/yr for IE00BFPM9N11.EUFUND. At a 0.17 correlation, their price movements are largely independent. VGCAX charges 0.25%/yr vs 0.11%/yr for IE00BFPM9N11.EUFUND.

Performance

VGCAX vs. IE00BFPM9N11.EUFUND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGCAX is traded in USD, while IE00BFPM9N11.EUFUND is traded in EUR. To make them comparable, the IE00BFPM9N11.EUFUND values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGCAX achieves a 1.10% return, which is significantly lower than IE00BFPM9N11.EUFUND's 9.98% return.

VGCAX

• 1D: 0.52%
• 1M: 0.68%
• YTD: 1.10%
• 6M: 1.56%
• 1Y: 5.50%
• 3Y*: 6.27%
• 5Y*: 1.34%
• 10Y*: —

IE00BFPM9N11.EUFUND

• 1D: -0.65%
• 1M: 0.92%
• YTD: 9.98%
• 6M: 10.58%
• 1Y: 25.51%
• 3Y*: 20.71%
• 5Y*: 11.67%
• 10Y*: 12.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGCAX vs. IE00BFPM9N11.EUFUND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VGCAX Vanguard Global Credit Bond Fund Admiral Shares	1.10%	7.30%	3.99%	9.22%	-13.43%	-0.64%	10.81%	13.05%	0.96%
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc	9.98%	21.06%	18.76%	23.41%	-18.03%	22.14%	15.74%	27.50%	-6.26%

Correlation

The correlation between VGCAX and IE00BFPM9N11.EUFUND is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.17

Over the past year, VGCAX and IE00BFPM9N11.EUFUND have become more correlated (0.43) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

VGCAX vs. IE00BFPM9N11.EUFUND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGCAX

VGCAX Risk / Return Rank: 45
VGCAX Sharpe Ratio Rank: 50
VGCAX Sortino Ratio Rank: 54
VGCAX Omega Ratio Rank: 48
VGCAX Calmar Ratio Rank: 37
VGCAX Martin Ratio Rank: 34

IE00BFPM9N11.EUFUND

IE00BFPM9N11.EUFUND Risk / Return Rank: 66
IE00BFPM9N11.EUFUND Sharpe Ratio Rank: 61
IE00BFPM9N11.EUFUND Sortino Ratio Rank: 53
IE00BFPM9N11.EUFUND Omega Ratio Rank: 60
IE00BFPM9N11.EUFUND Calmar Ratio Rank: 78
IE00BFPM9N11.EUFUND Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGCAX vs. IE00BFPM9N11.EUFUND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGCAX	IE00BFPM9N11.EUFUND	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.26	-0.61
Sortino ratio: Return per unit of downside risk	2.43	3.16	-0.72
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	1.89	2.79	-0.90
Martin ratio: Return relative to average drawdown	6.28	12.54	-6.26

VGCAX vs. IE00BFPM9N11.EUFUND - Sharpe Ratio Comparison

The current VGCAX Sharpe Ratio is 1.65, which is comparable to the IE00BFPM9N11.EUFUND Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VGCAX and IE00BFPM9N11.EUFUND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGCAX vs. IE00BFPM9N11.EUFUND - Drawdown Comparison

The maximum VGCAX drawdown since its inception was -18.63%, smaller than the maximum IE00BFPM9N11.EUFUND drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for VGCAX and IE00BFPM9N11.EUFUND.

Drawdown Indicators

	VGCAX	IE00BFPM9N11.EUFUND	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-34.23%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-9.16%	+6.26%
Max Drawdown (3Y) Largest decline over 3 years	-4.00%	-16.28%	+12.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-26.00%	+7.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.23%	—
Current Drawdown Current decline from peak	-0.64%	-0.65%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.33%	-4.56%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	2.06%	-1.19%

Volatility

VGCAX vs. IE00BFPM9N11.EUFUND - Volatility Comparison

The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.23%, while Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) has a volatility of 2.94%. This indicates that VGCAX experiences smaller price fluctuations and is considered to be less risky than IE00BFPM9N11.EUFUND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGCAX	IE00BFPM9N11.EUFUND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	2.94%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	8.89%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.32%	11.28%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	15.36%	-10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	15.89%	-11.05%

VGCAX vs. IE00BFPM9N11.EUFUND - Expense Ratio Comparison

VGCAX has a 0.25% expense ratio, which is higher than IE00BFPM9N11.EUFUND's 0.11% 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

VGCAX vs. IE00BFPM9N11.EUFUND - Dividend Comparison

VGCAX's dividend yield for the trailing twelve months is around 4.95%, while IE00BFPM9N11.EUFUND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGCAX Vanguard Global Credit Bond Fund Admiral Shares	4.95%	4.91%	4.65%	4.48%	2.72%	3.16%	4.65%	6.88%	0.36%

Frequently Asked Questions

Can I hold both VGCAX and IE00BFPM9N11.EUFUND in my portfolio?

VGCAX and IE00BFPM9N11.EUFUND have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.