VUCE.DE vs. VUCP.DE
VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds from Vanguard - VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD while VUCP.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VUCE.DE returned 1.63%/yr vs 1.65%/yr for VUCP.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.09% expense ratio.
Performance
VUCE.DE vs. VUCP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VUCE.DE having a 1.67% return and VUCP.DE slightly higher at 1.74%.
VUCE.DE
- 1D
- 0.13%
- 1M
- 1.23%
- YTD
- 1.67%
- 6M
- 1.00%
- 1Y
- 4.10%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- —
VUCP.DE
- 1D
- 0.12%
- 1M
- 1.25%
- YTD
- 1.74%
- 6M
- 1.22%
- 1Y
- 4.19%
- 3Y*
- 2.61%
- 5Y*
- 1.65%
- 10Y*
- —
VUCE.DE vs. VUCP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 4.45% | -9.55% | 7.08% | -0.48% | 6.52% |
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 1.74% | -4.23% | 8.63% | 4.43% | -9.56% | 7.07% | -0.54% | 6.57% |
Correlation
The correlation between VUCE.DE and VUCP.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.97 |
The correlation between VUCE.DE and VUCP.DE has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
VUCE.DE vs. VUCP.DE — Risk / Return Rank
VUCE.DE
VUCP.DE
VUCE.DE vs. VUCP.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 Bond UCITS ETF Distributing (VUCP.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 | VUCP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.16 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.99 | 3.03 | -0.04 |
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 | VUCP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.67 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.31 | -0.10 |
Drawdowns
VUCE.DE vs. VUCP.DE - Drawdown Comparison
The maximum VUCE.DE drawdown since its inception was -13.02%, smaller than the maximum VUCP.DE drawdown of -14.51%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and VUCP.DE.
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Drawdown Indicators
| VUCE.DE | VUCP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -14.51% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.33% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -10.94% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.75% | -12.70% | -0.05% |
Current DrawdownCurrent decline from peak | -5.08% | -4.99% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -4.96% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.29% | -0.03% |
Volatility
VUCE.DE vs. VUCP.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) is 0.91%, while Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) has a volatility of 0.96%. This indicates that VUCE.DE experiences smaller price fluctuations and is considered to be less risky than VUCP.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 | VUCP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.96% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.85% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 5.79% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 8.02% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 8.42% | -0.06% |
VUCE.DE vs. VUCP.DE - Expense Ratio Comparison
Both VUCE.DE and VUCP.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. VUCP.DE - Dividend Comparison
VUCE.DE has not paid dividends to shareholders, while VUCP.DE's dividend yield for the trailing twelve months is around 5.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 5.15% | 5.41% | 4.83% | 4.45% | 3.56% | 2.50% | 3.06% | 3.27% | 3.48% | 3.36% |
Frequently Asked Questions
With a correlation of 0.90, VUCE.DE and VUCP.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.
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 VUCP.DE have the same expense ratio: 0.09% per year.
VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while VUCP.DE tracks Bloomberg US Corp Bond TR USD.
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