VGEA.DE vs. CORP
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and CORP (PIMCO Investment Grade Corporate Bond Index ETF) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while CORP is a Corporate Bonds fund tracking the ICE BofA US Corporate. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 1.89%/yr for CORP. At a 0.37 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.20%/yr for CORP.
Performance
VGEA.DE vs. CORP - Performance Comparison
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Different Trading Currencies
VGEA.DE is traded in EUR, while CORP is traded in USD. To make them comparable, the CORP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly lower than CORP's 1.88% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
CORP
- 1D
- 0.02%
- 1M
- 1.12%
- YTD
- 1.88%
- 6M
- 0.90%
- 1Y
- 3.86%
- 3Y*
- 2.76%
- 5Y*
- 1.89%
- 10Y*
- 2.58%
VGEA.DE vs. CORP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
CORP PIMCO Investment Grade Corporate Bond Index ETF | 1.88% | -4.86% | 9.24% | 5.85% | -9.68% | 6.21% | 0.66% | 12.85% |
Correlation
The correlation between VGEA.DE and CORP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.37 |
Over the past year, the correlation between VGEA.DE and CORP has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
VGEA.DE vs. CORP — Risk / Return Rank
VGEA.DE
CORP
VGEA.DE vs. CORP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and PIMCO Investment Grade Corporate Bond Index ETF (CORP). 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.
| VGEA.DE | CORP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.98 | -0.99 |
| Martin ratioReturn relative to average drawdown | -0.04 | 3.02 | -3.06 |
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
| VGEA.DE | CORP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.66 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.22 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.46 | -0.56 |
Drawdowns
VGEA.DE vs. CORP - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, which is greater than CORP's maximum drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and CORP.
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Drawdown Indicators
| VGEA.DE | CORP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -16.80% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.95% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -11.83% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -11.96% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.80% | — |
Current DrawdownCurrent decline from peak | -13.91% | -5.46% | -8.45% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -5.23% | -5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.32% | +0.01% |
Volatility
VGEA.DE vs. CORP - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.67% compared to PIMCO Investment Grade Corporate Bond Index ETF (CORP) at 0.93%. This indicates that VGEA.DE's price experiences larger fluctuations and is considered to be riskier than CORP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | CORP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.93% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 4.32% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 5.88% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 8.49% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 8.84% | -2.98% |
VGEA.DE vs. CORP - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than CORP's 0.20% 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
VGEA.DE vs. CORP - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while CORP's dividend yield for the trailing twelve months is around 4.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.84% | 4.77% | 4.74% | 4.12% | 3.28% | 2.51% | 2.90% | 3.25% | 3.18% | 3.08% | 2.91% | 3.14% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGEA.DE and CORP have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for CORP.
VGEA.DE is categorized as European Government Bonds, while CORP is Corporate Bonds. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while CORP tracks ICE BofA US Corporate. They also come from different issuers: Vanguard and PIMCO. Their fees differ too: 0.07% for VGEA.DE and 0.20% for CORP.
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