VUCE.DE vs. VAGY.DE
VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds from Vanguard - VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD while VAGY.DE tracks the Bloomberg Global Aggregate Corporate USD 1-3. Both are passively managed. Over the past 3 years, VUCE.DE returned 2.60%/yr vs 2.52%/yr for VAGY.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
VUCE.DE vs. VAGY.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 lower than VAGY.DE's 2.12% 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*
- —
VAGY.DE
- 1D
- -0.00%
- 1M
- 1.29%
- YTD
- 2.12%
- 6M
- 1.51%
- 1Y
- 2.75%
- 3Y*
- 2.52%
- 5Y*
- —
- 10Y*
- —
VUCE.DE vs. VAGY.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% |
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 2.12% | -5.79% | 11.38% | 0.78% |
Correlation
The correlation between VUCE.DE and VAGY.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.71 |
The correlation between VUCE.DE and VAGY.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
VUCE.DE vs. VAGY.DE — Risk / Return Rank
VUCE.DE
VAGY.DE
VUCE.DE vs. VAGY.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 Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.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 | VAGY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.79 | +0.38 |
| Martin ratioReturn relative to average drawdown | 2.99 | 1.82 | +1.16 |
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 | VAGY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.46 | +0.21 |
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 | 0.37 | -0.15 |
Drawdowns
VUCE.DE vs. VAGY.DE - Drawdown Comparison
The maximum VUCE.DE drawdown since its inception was -13.02%, which is greater than VAGY.DE's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and VAGY.DE.
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Drawdown Indicators
| VUCE.DE | VAGY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -10.58% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.20% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -10.58% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -12.75% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | -5.93% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -3.66% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.39% | -0.13% |
Volatility
VUCE.DE vs. VAGY.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) is 0.91%, while Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) has a volatility of 1.09%. This indicates that VUCE.DE experiences smaller price fluctuations and is considered to be less risky than VAGY.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 | VAGY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.09% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.74% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 5.56% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 6.46% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 6.46% | +1.90% |
VUCE.DE vs. VAGY.DE - Expense Ratio Comparison
Both VUCE.DE and VAGY.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VUCE.DE vs. VAGY.DE - Dividend Comparison
Neither VUCE.DE nor VAGY.DE has paid dividends to shareholders.
Frequently Asked Questions
VUCE.DE and VAGY.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUCE.DE and VAGY.DE have the same expense ratio: 0.09% per year.
VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3.
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