VUCE.DE vs. VAGT.DE
VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both exchange-traded funds - VUCE.DE is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate USD, while VAGT.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, VUCE.DE returned 2.60%/yr vs 0.08%/yr for VAGT.DE. Their correlation of 0.91 suggests significant overlap in exposure. VUCE.DE charges 0.09%/yr vs 0.05%/yr for VAGT.DE.
Performance
VUCE.DE vs. VAGT.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 VAGT.DE's 1.07% 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*
- —
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
VUCE.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 3.12% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
Correlation
The correlation between VUCE.DE and VAGT.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.91 |
The correlation between VUCE.DE and VAGT.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
VUCE.DE vs. VAGT.DE — Risk / Return Rank
VUCE.DE
VAGT.DE
VUCE.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.05 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.40 | +0.76 |
| Martin ratioReturn relative to average drawdown | 2.99 | 1.00 | +1.98 |
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 | VAGT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.29 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.05 | +0.17 |
Drawdowns
VUCE.DE vs. VAGT.DE - Drawdown Comparison
The maximum VUCE.DE drawdown since its inception was -13.02%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and VAGT.DE.
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Drawdown Indicators
| VUCE.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -11.03% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -4.00% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -11.03% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.75% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | -7.21% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -5.04% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.61% | -0.35% |
Volatility
VUCE.DE vs. VAGT.DE - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) has a higher volatility of 0.91% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 0.86%. This indicates that VUCE.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.86% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.76% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 5.49% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 7.33% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 7.33% | +1.03% |
VUCE.DE vs. VAGT.DE - Expense Ratio Comparison
VUCE.DE has a 0.09% expense ratio, which is higher than VAGT.DE's 0.05% expense ratio. However, 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. VAGT.DE - Dividend Comparison
Neither VUCE.DE nor VAGT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, VUCE.DE and VAGT.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, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for VUCE.DE.
VUCE.DE is categorized as Corporate Bonds, while VAGT.DE is Government Bonds. VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. Their fees differ too: 0.09% for VUCE.DE and 0.05% for VAGT.DE.
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