VUCP.DE vs. ERNX.DE
VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - VUCP.DE is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, VUCP.DE returned 4.49%/yr vs 3.24%/yr for ERNX.DE. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
VUCP.DE vs. ERNX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VUCP.DE achieves a 3.16% return, which is significantly higher than ERNX.DE's 1.08% return.
VUCP.DE
- 1D
- 0.46%
- 1M
- 0.97%
- 6M
- 1.92%
- YTD
- 3.16%
- 1Y
- 6.54%
- 3Y*
- 4.49%
- 5Y*
- 0.93%
- 10Y*
- —
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.19%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
VUCP.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 3.16% | -4.23% | 8.62% | 4.43% | -4.68% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
Correlation
The correlation between VUCP.DE and ERNX.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VUCP.DE vs. ERNX.DE — Risk / Return Rank
VUCP.DE
ERNX.DE
VUCP.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VUCP.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.64 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 6.07 | -4.13 |
| Martin ratioReturn relative to average drawdown | 5.24 | 28.42 | -23.18 |
Loading charts...
Drawdowns
VUCP.DE vs. ERNX.DE - Drawdown Comparison
The maximum VUCP.DE drawdown since its inception was -14.52%, which is greater than ERNX.DE's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for VUCP.DE and ERNX.DE.
Loading charts...
Drawdown Indicators
| VUCP.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -0.80% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -0.36% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.95% | -0.36% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -12.70% | — | — |
Current DrawdownCurrent decline from peak | -3.67% | 0.00% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -0.07% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.08% | +1.16% |
Volatility
VUCP.DE vs. ERNX.DE - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) has a higher volatility of 1.83% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.18%. This indicates that VUCP.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VUCP.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.18% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 1.02% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 1.33% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 1.24% | +6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 1.24% | +7.19% |
VUCP.DE vs. ERNX.DE - Expense Ratio Comparison
Both VUCP.DE and ERNX.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
VUCP.DE vs. ERNX.DE - Dividend Comparison
VUCP.DE's dividend yield for the trailing twelve months is around 5.08%, while ERNX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR 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 | 5.08% | 5.40% | 4.83% | 4.45% | 3.56% | 2.50% | 3.06% | 3.27% | 3.48% | 0.55% |
Frequently Asked Questions
VUCP.DE and ERNX.DE have a correlation of 0.03, 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.
VUCP.DE and ERNX.DE have the same expense ratio: 0.09% per year.
VUCP.DE is categorized as Corporate Bonds, while ERNX.DE is Ultrashort Bond. VUCP.DE tracks Bloomberg US Corp Bond TR USD, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: Vanguard and iShares.
Find the right allocation for VUCP.DE and ERNX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer