VUCE.DE vs. VUSC.DE

Last updated Jun 5, 2026

VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) are both Corporate Bonds funds from Vanguard - VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD while VUSC.DE tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, VUCE.DE returned 1.63%/yr vs 3.26%/yr for VUSC.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

VUCE.DE vs. VUSC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) and Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUCE.DE achieves a 1.67% return, which is significantly lower than VUSC.DE's 1.87% 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*: —

VUSC.DE

• 1D: 0.01%
• 1M: 1.29%
• YTD: 1.87%
• 6M: 1.19%
• 1Y: 2.08%
• 3Y*: 2.04%
• 5Y*: 3.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUCE.DE vs. VUSC.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%
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing	1.87%	-6.35%	11.06%	1.80%	2.07%	7.98%	-5.89%	2.35%

Correlation

The correlation between VUCE.DE and VUSC.DE is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.69

The correlation between VUCE.DE and VUSC.DE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

Return for Risk

VUCE.DE vs. VUSC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUCE.DE

VUCE.DE Risk / Return Rank: 22
VUCE.DE Sharpe Ratio Rank: 20
VUCE.DE Sortino Ratio Rank: 20
VUCE.DE Omega Ratio Rank: 19
VUCE.DE Calmar Ratio Rank: 25
VUCE.DE Martin Ratio Rank: 24

VUSC.DE

VUSC.DE Risk / Return Rank: 14
VUSC.DE Sharpe Ratio Rank: 14
VUSC.DE Sortino Ratio Rank: 13
VUSC.DE Omega Ratio Rank: 13
VUSC.DE Calmar Ratio Rank: 16
VUSC.DE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VUCE.DE vs. VUSC.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 Bond UCITS ETF Distributing (VUSC.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	VUSC.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.66	0.35	+0.32
Sortino ratio: Return per unit of downside risk	0.99	0.53	+0.46
Omega ratio: Gain probability vs. loss probability	1.12	1.06	+0.06
Calmar ratio: Return relative to maximum drawdown	1.16	0.56	+0.60
Martin ratio: Return relative to average drawdown	2.99	1.30	+1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUCE.DE vs. VUSC.DE - Sharpe Ratio Comparison

The current VUCE.DE Sharpe Ratio is 0.66, which is higher than the VUSC.DE Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of VUCE.DE and VUSC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VUCE.DE	VUSC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	0.35	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.46	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.35	-0.14

Drawdowns

VUCE.DE vs. VUSC.DE - Drawdown Comparison

The maximum VUCE.DE drawdown since its inception was -13.02%, which is greater than VUSC.DE's maximum drawdown of -11.44%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and VUSC.DE.

Drawdown Indicators

	VUCE.DE	VUSC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.02%	-11.44%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-3.36%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	-10.76%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-12.75%	-11.44%	-1.31%
Current Drawdown Current decline from peak	-5.08%	-6.70%	+1.62%
Average Drawdown Average peak-to-trough decline	-5.43%	-4.51%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	1.46%	-0.20%

Volatility

VUCE.DE vs. VUSC.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 Bond UCITS ETF Distributing (VUSC.DE) has a volatility of 1.04%. This indicates that VUCE.DE experiences smaller price fluctuations and is considered to be less risky than VUSC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUCE.DE	VUSC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.04%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	3.65%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	5.71%	5.48%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.02%	7.03%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.36%	6.66%	+1.70%

VUCE.DE vs. VUSC.DE - Expense Ratio Comparison

Both VUCE.DE and VUSC.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. VUSC.DE - Dividend Comparison

VUCE.DE has not paid dividends to shareholders, while VUSC.DE's dividend yield for the trailing twelve months is around 3.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing	3.94%	4.49%	4.42%	4.11%	1.92%	0.85%	1.90%	0.92%

Frequently Asked Questions

Can I hold both VUCE.DE and VUSC.DE in my portfolio?

VUCE.DE and VUSC.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUCE.DE or VUSC.DE?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUCE.DE or VUSC.DE?

VUCE.DE and VUSC.DE have the same expense ratio: 0.09% per year.

What is the main difference between VUCE.DE and VUSC.DE?

VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while VUSC.DE tracks Bloomberg US Corp 1-3 Yr TR USD.