VMID.L vs. IGCB.L
VMID.L (Vanguard FTSE 250 UCITS ETF Distributing) and IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) are both exchange-traded funds - VMID.L is a Europe Equities fund tracking the FTSE 250 Ex Investment Trust TR GBP, while IGCB.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, VMID.L returned 3.36%/yr vs -0.66%/yr for IGCB.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VMID.L vs. IGCB.L - Performance Comparison
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Different Trading Currencies
VMID.L is traded in GBP, while IGCB.L is traded in GBp. To make them comparable, the IGCB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VMID.L achieves a 5.14% return, which is significantly higher than IGCB.L's -0.24% return.
VMID.L
- 1D
- 0.59%
- 1M
- 4.12%
- YTD
- 5.14%
- 6M
- 7.30%
- 1Y
- 14.06%
- 3Y*
- 10.30%
- 5Y*
- 3.36%
- 10Y*
- 5.85%
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 10Y*
- —
VMID.L vs. IGCB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VMID.L Vanguard FTSE 250 UCITS ETF Distributing | 5.14% | 12.87% | 7.42% | 8.16% | -17.36% | 16.04% | 20.59% |
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
Correlation
The correlation between VMID.L and IGCB.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.24 |
Over the past year, VMID.L and IGCB.L have become more correlated (0.52) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
VMID.L vs. IGCB.L — Risk / Return Rank
VMID.L
IGCB.L
VMID.L vs. IGCB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF Distributing (VMID.L) and Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.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.
| VMID.L | IGCB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.15 | +0.06 |
| Martin ratioReturn relative to average drawdown | 4.35 | 3.35 | +1.00 |
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
| VMID.L | IGCB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.78 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | -0.09 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.02 | +0.38 |
Drawdowns
VMID.L vs. IGCB.L - Drawdown Comparison
The maximum VMID.L drawdown since its inception was -41.85%, which is greater than IGCB.L's maximum drawdown of -30.44%. Use the drawdown chart below to compare losses from any high point for VMID.L and IGCB.L.
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Drawdown Indicators
| VMID.L | IGCB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -30.44% | -11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -4.00% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -4.00% | -11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.51% | -29.39% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -7.54% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -11.31% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.38% | +1.85% |
Volatility
VMID.L vs. IGCB.L - Volatility Comparison
Vanguard FTSE 250 UCITS ETF Distributing (VMID.L) has a higher volatility of 3.80% compared to Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) at 2.17%. This indicates that VMID.L's price experiences larger fluctuations and is considered to be riskier than IGCB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMID.L | IGCB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.17% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 4.95% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 5.93% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 7.65% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 7.73% | +8.80% |
VMID.L vs. IGCB.L - Expense Ratio Comparison
Both VMID.L and IGCB.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VMID.L vs. IGCB.L - Dividend Comparison
VMID.L's dividend yield for the trailing twelve months is around 3.65%, less than IGCB.L's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMID.L Vanguard FTSE 250 UCITS ETF Distributing | 3.65% | 3.90% | 3.30% | 3.41% | 3.30% | 2.55% | 2.08% | 2.82% | 3.59% | 3.19% | 3.08% | 3.09% |
Frequently Asked Questions
VMID.L and IGCB.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VMID.L and IGCB.L have the same expense ratio: 0.10% per year.
VMID.L is categorized as Europe Equities, while IGCB.L is European Corporate Bonds. VMID.L tracks FTSE 250 Ex Investment Trust TR GBP, while IGCB.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: Vanguard and Invesco.
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