VSCA.L vs. IGSD.L
VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds tracking the Bloomberg US Corp 1-3 Yr TR USD, from Vanguard and BlackRock respectively. Both are passively managed. Over the past 5 years, VSCA.L returned 3.53%/yr vs 4.01%/yr for IGSD.L. With a 0.97 correlation, they move nearly in lockstep. VSCA.L charges 0.09%/yr vs 0.20%/yr for IGSD.L.
Performance
VSCA.L vs. IGSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VSCA.L achieves a 0.73% return, which is significantly lower than IGSD.L's 1.02% 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*
- —
IGSD.L
- 1D
- 0.21%
- 1M
- 1.49%
- YTD
- 1.02%
- 6M
- 0.78%
- 1Y
- 5.64%
- 3Y*
- 3.32%
- 5Y*
- 4.01%
- 10Y*
- 3.88%
VSCA.L vs. IGSD.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% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 1.02% | -0.44% | 7.51% | 0.40% | 7.27% | 0.80% | 1.22% | 4.32% |
Correlation
The correlation between VSCA.L and IGSD.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.97 |
The correlation between VSCA.L and IGSD.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VSCA.L vs. IGSD.L — Risk / Return Rank
VSCA.L
IGSD.L
VSCA.L vs. IGSD.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 Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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 | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.35 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.11 | 3.70 | -0.59 |
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 | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.95 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.51 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.50 | -0.23 |
Drawdowns
VSCA.L vs. IGSD.L - Drawdown Comparison
The maximum VSCA.L drawdown since its inception was -15.11%, roughly equal to the maximum IGSD.L drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for VSCA.L and IGSD.L.
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Drawdown Indicators
| VSCA.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -14.83% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -4.15% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -8.18% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -14.83% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -3.82% | -2.28% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -5.17% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.52% | +0.10% |
Volatility
VSCA.L vs. IGSD.L - Volatility Comparison
Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) has a higher volatility of 1.79% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) at 1.60%. This indicates that VSCA.L's price experiences larger fluctuations and is considered to be riskier than IGSD.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 | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.60% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 4.32% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 5.91% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 7.82% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 9.13% | -0.14% |
VSCA.L vs. IGSD.L - Expense Ratio Comparison
VSCA.L has a 0.09% expense ratio, which is lower than IGSD.L'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
VSCA.L vs. IGSD.L - Dividend Comparison
VSCA.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, VSCA.L and IGSD.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 0.20% for IGSD.L.
Both ETFs track Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Vanguard and BlackRock. Their fees differ too: 0.09% for VSCA.L and 0.20% for IGSD.L.
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