VUCP.DE vs. IBCD.DE
VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) and IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - VUCP.DE tracks the Bloomberg US Corp Bond TR USD while IBCD.DE tracks the iBoxx® USD Liquid Investment Grade. Both are passively managed. Over the past 5 years, VUCP.DE returned 1.65%/yr vs 0.50%/yr for IBCD.DE. Their correlation of 0.93 suggests significant overlap in exposure. VUCP.DE charges 0.09%/yr vs 0.20%/yr for IBCD.DE.
Performance
VUCP.DE vs. IBCD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUCP.DE achieves a 1.74% return, which is significantly higher than IBCD.DE's 1.30% return.
VUCP.DE
- 1D
- 0.12%
- 1M
- 1.25%
- YTD
- 1.74%
- 6M
- 1.22%
- 1Y
- 4.19%
- 3Y*
- 2.61%
- 5Y*
- 1.65%
- 10Y*
- —
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
VUCP.DE vs. IBCD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 1.74% | -4.23% | 8.63% | 4.43% | -9.56% | 7.07% | -0.54% | 17.45% | 1.89% | -1.63% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -1.32% |
Correlation
The correlation between VUCP.DE and IBCD.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.93 |
The correlation between VUCP.DE and IBCD.DE has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
VUCP.DE vs. IBCD.DE — Risk / Return Rank
VUCP.DE
IBCD.DE
VUCP.DE vs. IBCD.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 USD Corporate Bond UCITS ETF (Dist) (IBCD.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.
| VUCP.DE | IBCD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.75 | +0.42 |
| Martin ratioReturn relative to average drawdown | 3.03 | 1.78 | +1.25 |
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
| VUCP.DE | IBCD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.47 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.05 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.16 |
Drawdowns
VUCP.DE vs. IBCD.DE - Drawdown Comparison
The maximum VUCP.DE drawdown since its inception was -14.51%, smaller than the maximum IBCD.DE drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for VUCP.DE and IBCD.DE.
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Drawdown Indicators
| VUCP.DE | IBCD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.51% | -41.86% | +27.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -3.93% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.94% | -12.36% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.70% | -17.12% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.51% | — |
Current DrawdownCurrent decline from peak | -4.99% | -7.49% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -9.84% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.65% | -0.36% |
Volatility
VUCP.DE vs. IBCD.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) is 0.96%, while iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a volatility of 1.33%. This indicates that VUCP.DE experiences smaller price fluctuations and is considered to be less risky than IBCD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUCP.DE | IBCD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.33% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 4.22% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 6.21% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 9.18% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.42% | 9.07% | -0.65% |
VUCP.DE vs. IBCD.DE - Expense Ratio Comparison
VUCP.DE has a 0.09% expense ratio, which is lower than IBCD.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUCP.DE vs. IBCD.DE - Dividend Comparison
VUCP.DE's dividend yield for the trailing twelve months is around 5.15%, more than IBCD.DE's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
VUCP.DE and IBCD.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCP.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IBCD.DE.
VUCP.DE tracks Bloomberg US Corp Bond TR USD, while IBCD.DE tracks iBoxx® USD Liquid Investment Grade. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUCP.DE and 0.20% for IBCD.DE.
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