VUCP.DE vs. QDVY.DE
VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - VUCP.DE tracks the Bloomberg US Corp Bond TR USD while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, VUCP.DE returned 1.65%/yr vs 3.10%/yr for QDVY.DE. A 0.64 correlation means they provide meaningful diversification when combined. VUCP.DE charges 0.09%/yr vs 0.10%/yr for QDVY.DE.
Performance
VUCP.DE vs. QDVY.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 QDVY.DE's 0.88% 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*
- —
QDVY.DE
- 1D
- -0.14%
- 1M
- -0.63%
- YTD
- 0.88%
- 6M
- 0.12%
- 1Y
- -1.37%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
VUCP.DE vs. QDVY.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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -8.09% | 6.69% | 5.99% | -2.24% |
Correlation
The correlation between VUCP.DE and QDVY.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.64 |
The correlation between VUCP.DE and QDVY.DE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
VUCP.DE vs. QDVY.DE — Risk / Return Rank
VUCP.DE
QDVY.DE
VUCP.DE vs. QDVY.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 Floating Rate Bond UCITS ETF (QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.27 | +1.44 |
| Martin ratioReturn relative to average drawdown | 3.03 | -0.59 | +3.61 |
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 | QDVY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | -0.23 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.39 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.27 | +0.05 |
Drawdowns
VUCP.DE vs. QDVY.DE - Drawdown Comparison
The maximum VUCP.DE drawdown since its inception was -14.51%, roughly equal to the maximum QDVY.DE drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for VUCP.DE and QDVY.DE.
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Drawdown Indicators
| VUCP.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.51% | -14.81% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -5.67% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.94% | -14.81% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -12.70% | -14.81% | +2.11% |
Current DrawdownCurrent decline from peak | -4.99% | -12.65% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -5.01% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.63% | -1.34% |
Volatility
VUCP.DE vs. QDVY.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) is 0.96%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 2.20%. This indicates that VUCP.DE experiences smaller price fluctuations and is considered to be less risky than QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.20% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 4.35% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 6.84% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 7.90% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.42% | 7.71% | +0.71% |
VUCP.DE vs. QDVY.DE - Expense Ratio Comparison
VUCP.DE has a 0.09% expense ratio, which is lower than QDVY.DE's 0.10% 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. QDVY.DE - Dividend Comparison
VUCP.DE's dividend yield for the trailing twelve months is around 5.15%, while QDVY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
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
VUCP.DE and QDVY.DE have a correlation of 0.65, 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 0.10% for QDVY.DE.
VUCP.DE tracks Bloomberg US Corp Bond TR USD, while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUCP.DE and 0.10% for QDVY.DE.
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