VSCA.L vs. SLXX.L
VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and SLXX.L (iShares Core £ Corp Bond UCITS ETF) are both Corporate Bonds funds - VSCA.L tracks the Bloomberg US Corp 1-3 Yr TR USD while SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index. Both are passively managed. Over the past 5 years, VSCA.L returned 3.53%/yr vs -0.81%/yr for SLXX.L. At a correlation of -0.01, they often move in opposite directions. VSCA.L charges 0.09%/yr vs 0.20%/yr for SLXX.L.
Performance
VSCA.L vs. SLXX.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 higher than SLXX.L's -0.29% 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*
- —
SLXX.L
- 1D
- -0.44%
- 1M
- 1.09%
- YTD
- -0.29%
- 6M
- 0.01%
- 1Y
- 4.79%
- 3Y*
- 5.59%
- 5Y*
- -0.81%
- 10Y*
- 1.78%
VSCA.L vs. SLXX.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% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.29% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 9.03% | 8.31% |
Correlation
The correlation between VSCA.L and SLXX.L is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | -0.01 |
Over the past year, the inverse relationship between VSCA.L and SLXX.L has strengthened: their correlation has moved from -0.01 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
VSCA.L vs. SLXX.L — Risk / Return Rank
VSCA.L
SLXX.L
VSCA.L vs. SLXX.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 Core £ Corp Bond UCITS ETF (SLXX.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 | SLXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.12 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.11 | 3.51 | -0.40 |
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 | SLXX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.85 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | -0.10 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.44 | -0.16 |
Drawdowns
VSCA.L vs. SLXX.L - Drawdown Comparison
The maximum VSCA.L drawdown since its inception was -15.11%, smaller than the maximum SLXX.L drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for VSCA.L and SLXX.L.
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Drawdown Indicators
| VSCA.L | SLXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -30.27% | +15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -4.25% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -4.25% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -29.34% | +14.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.27% | — |
Current DrawdownCurrent decline from peak | -3.82% | -8.31% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -5.61% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.36% | +0.26% |
Volatility
VSCA.L vs. SLXX.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) is 1.79%, while iShares Core £ Corp Bond UCITS ETF (SLXX.L) has a volatility of 2.27%. This indicates that VSCA.L experiences smaller price fluctuations and is considered to be less risky than SLXX.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 | SLXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.27% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 4.81% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 5.59% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 8.06% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 8.08% | +0.91% |
VSCA.L vs. SLXX.L - Expense Ratio Comparison
VSCA.L has a 0.09% expense ratio, which is lower than SLXX.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. SLXX.L - Dividend Comparison
VSCA.L has not paid dividends to shareholders, while SLXX.L's dividend yield for the trailing twelve months is around 4.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.94% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
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
VSCA.L and SLXX.L have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 SLXX.L.
VSCA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VSCA.L and 0.20% for SLXX.L.
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