VNRT.AS vs. ICBU.L
VNRT.AS (Vanguard FTSE North America UCITS ETF) and ICBU.L (iShares USD Intermediate Credit Bond UCITS ETF) are both exchange-traded funds - VNRT.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ICBU.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VNRT.AS returned 14.36%/yr vs 2.64%/yr for ICBU.L. At a 0.22 correlation, their price movements are largely independent. VNRT.AS charges 0.10%/yr vs 0.15%/yr for ICBU.L.
Performance
VNRT.AS vs. ICBU.L - Performance Comparison
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Different Trading Currencies
VNRT.AS is traded in EUR, while ICBU.L is traded in USD. To make them comparable, the ICBU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VNRT.AS achieves a 11.28% return, which is significantly higher than ICBU.L's 1.45% return.
VNRT.AS
- 1D
- -0.22%
- 1M
- 6.09%
- YTD
- 11.28%
- 6M
- 11.69%
- 1Y
- 25.46%
- 3Y*
- 19.30%
- 5Y*
- 14.36%
- 10Y*
- 14.82%
ICBU.L
- 1D
- 0.14%
- 1M
- 0.96%
- YTD
- 1.45%
- 6M
- 1.08%
- 1Y
- 2.88%
- 3Y*
- 2.63%
- 5Y*
- 2.64%
- 10Y*
- —
VNRT.AS vs. ICBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNRT.AS Vanguard FTSE North America UCITS ETF | 11.28% | 5.05% | 33.00% | 21.72% | -14.59% | 38.18% | 9.34% | 33.03% | -1.13% | 2.98% |
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 1.45% | -5.17% | 10.95% | 3.54% | -3.41% | 6.03% | -2.27% | 12.40% | 4.22% | -8.17% |
Correlation
The correlation between VNRT.AS and ICBU.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.22 |
The correlation between VNRT.AS and ICBU.L shifts across timeframes, from 0.20 (5 years) to 0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VNRT.AS vs. ICBU.L — Risk / Return Rank
VNRT.AS
ICBU.L
VNRT.AS vs. ICBU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (VNRT.AS) and iShares USD Intermediate Credit Bond UCITS ETF (ICBU.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.
| VNRT.AS | ICBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.09 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.77 | +2.78 |
| Martin ratioReturn relative to average drawdown | 12.73 | 2.20 | +10.53 |
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
| VNRT.AS | ICBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.48 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.35 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.25 | +0.22 |
Drawdowns
VNRT.AS vs. ICBU.L - Drawdown Comparison
The maximum VNRT.AS drawdown since its inception was -34.35%, which is greater than ICBU.L's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for VNRT.AS and ICBU.L.
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Drawdown Indicators
| VNRT.AS | ICBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -13.23% | -21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -3.72% | -3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -9.99% | -13.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -10.60% | -12.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -5.11% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -4.71% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.29% | +0.69% |
Volatility
VNRT.AS vs. ICBU.L - Volatility Comparison
Vanguard FTSE North America UCITS ETF (VNRT.AS) has a higher volatility of 2.68% compared to iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) at 1.31%. This indicates that VNRT.AS's price experiences larger fluctuations and is considered to be riskier than ICBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNRT.AS | ICBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 1.31% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 4.42% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 5.98% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 7.57% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 7.64% | +9.63% |
VNRT.AS vs. ICBU.L - Expense Ratio Comparison
VNRT.AS has a 0.10% expense ratio, which is lower than ICBU.L's 0.15% 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
VNRT.AS vs. ICBU.L - Dividend Comparison
VNRT.AS's dividend yield for the trailing twelve months is around 0.87%, less than ICBU.L's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 5.55% | 4.21% | 3.78% | 2.77% | 1.93% | 1.93% | 2.78% | 2.93% | 2.65% | 0.44% | 0.00% | 0.00% |
VNRT.AS Vanguard FTSE North America UCITS ETF | 0.87% | 0.98% | 0.99% | 1.25% | 1.45% | 1.00% | 1.42% | 1.44% | 1.77% | 1.64% | 1.58% | 1.70% |
Frequently Asked Questions
VNRT.AS and ICBU.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VNRT.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.AS is cheaper with a 0.10% expense ratio, compared with 0.15% for ICBU.L.
VNRT.AS is categorized as Large Cap Blend Equities, while ICBU.L is Corporate Bonds. VNRT.AS tracks Russell 1000 TR USD, while ICBU.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VNRT.AS and 0.15% for ICBU.L.
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