VSCA.L vs. FLO5.L
VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - VSCA.L tracks the Bloomberg US Corp 1-3 Yr TR USD while FLO5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VSCA.L returned 3.53%/yr vs 1.21%/yr for FLO5.L. Their correlation of 0.94 suggests significant overlap in exposure. VSCA.L charges 0.09%/yr vs 0.10%/yr for FLO5.L.
Performance
VSCA.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
VSCA.L is traded in GBP, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VSCA.L achieves a 0.73% return, which is significantly higher than FLO5.L's -0.08% return.
VSCA.L
- 1D
- -0.14%
- 1M
- 1.34%
- YTD
- 0.73%
- 6M
- 0.30%
- 1Y
- 4.77%
- 3Y*
- 2.64%
- 5Y*
- 3.53%
- 10Y*
- —
FLO5.L
- 1D
- 0.29%
- 1M
- -0.15%
- YTD
- -0.08%
- 6M
- -0.62%
- 1Y
- 0.90%
- 3Y*
- -2.22%
- 5Y*
- 1.21%
- 10Y*
- —
VSCA.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 0.73% | -1.28% | 7.12% | -0.30% | 7.72% | 0.72% | 0.35% | 3.18% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.08% | -6.83% | 1.88% | -4.56% | 11.92% | 1.15% | -4.18% | -1.03% |
Correlation
The correlation between VSCA.L and FLO5.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.94 |
The correlation between VSCA.L and FLO5.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
VSCA.L vs. FLO5.L — Risk / Return Rank
VSCA.L
FLO5.L
VSCA.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.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.
| VSCA.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.14 | +1.05 |
| Martin ratioReturn relative to average drawdown | 3.11 | 0.27 | +2.83 |
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
| VSCA.L | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.12 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.13 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.02 | +0.26 |
Drawdowns
VSCA.L vs. FLO5.L - Drawdown Comparison
The maximum VSCA.L drawdown since its inception was -15.11%, smaller than the maximum FLO5.L drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for VSCA.L and FLO5.L.
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Drawdown Indicators
| VSCA.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -20.77% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -6.65% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -13.32% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -20.77% | +5.66% |
Current DrawdownCurrent decline from peak | -3.82% | -19.16% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -9.76% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 3.28% | -1.66% |
Volatility
VSCA.L vs. FLO5.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) is 1.79%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.85%. This indicates that VSCA.L experiences smaller price fluctuations and is considered to be less risky than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSCA.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.85% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 5.00% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 7.26% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 9.03% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 9.16% | -0.17% |
VSCA.L vs. FLO5.L - Expense Ratio Comparison
VSCA.L has a 0.09% expense ratio, which is lower than FLO5.L's 0.10% 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
VSCA.L vs. FLO5.L - Dividend Comparison
VSCA.L has not paid dividends to shareholders, while FLO5.L's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.05% | 0.05% | 0.06% | 0.06% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.00% |
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, VSCA.L and FLO5.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VSCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VSCA.L is cheaper with a 0.09% expense ratio, compared with 0.10% for FLO5.L.
VSCA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while FLO5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VSCA.L and 0.10% for FLO5.L.
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