VUCE.DE vs. 36BE.DE
VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and 36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds - VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD while 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI. Both are passively managed. Over the past 5 years, VUCE.DE returned 1.63%/yr vs 1.56%/yr for 36BE.DE. With a 0.96 correlation, they move nearly in lockstep. VUCE.DE charges 0.09%/yr vs 0.15%/yr for 36BE.DE.
Performance
VUCE.DE vs. 36BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUCE.DE achieves a 1.67% return, which is significantly higher than 36BE.DE's 1.37% return.
VUCE.DE
- 1D
- 0.13%
- 1M
- 1.23%
- YTD
- 1.67%
- 6M
- 1.00%
- 1Y
- 4.10%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- —
36BE.DE
- 1D
- 0.13%
- 1M
- 1.12%
- YTD
- 1.37%
- 6M
- 0.75%
- 1Y
- 3.56%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
VUCE.DE vs. 36BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 4.45% | -9.55% | 7.08% | -4.00% |
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
Correlation
The correlation between VUCE.DE and 36BE.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.96 |
The correlation between VUCE.DE and 36BE.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
VUCE.DE vs. 36BE.DE — Risk / Return Rank
VUCE.DE
36BE.DE
VUCE.DE vs. 36BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) and iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE). 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.
| VUCE.DE | 36BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.97 | +0.19 |
| Martin ratioReturn relative to average drawdown | 2.99 | 2.49 | +0.49 |
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
| VUCE.DE | 36BE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.57 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.19 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.03 | +0.18 |
Drawdowns
VUCE.DE vs. 36BE.DE - Drawdown Comparison
The maximum VUCE.DE drawdown since its inception was -13.02%, roughly equal to the maximum 36BE.DE drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and 36BE.DE.
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Drawdown Indicators
| VUCE.DE | 36BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -12.76% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.31% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -11.21% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.75% | -12.76% | +0.01% |
Current DrawdownCurrent decline from peak | -5.08% | -5.56% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -5.98% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.29% | -0.03% |
Volatility
VUCE.DE vs. 36BE.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) is 0.91%, while iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) has a volatility of 0.99%. This indicates that VUCE.DE experiences smaller price fluctuations and is considered to be less risky than 36BE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUCE.DE | 36BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.99% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.90% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 5.65% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 8.11% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 8.79% | -0.43% |
VUCE.DE vs. 36BE.DE - Expense Ratio Comparison
VUCE.DE has a 0.09% expense ratio, which is lower than 36BE.DE'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
VUCE.DE vs. 36BE.DE - Dividend Comparison
VUCE.DE has not paid dividends to shareholders, while 36BE.DE's dividend yield for the trailing twelve months is around 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, VUCE.DE and 36BE.DE 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, VUCE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCE.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for 36BE.DE.
VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while 36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUCE.DE and 0.15% for 36BE.DE.
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