VUCP.DE vs. XGBE.DE
VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) and XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) are both Corporate Bonds funds - VUCP.DE tracks the Bloomberg US Corp Bond TR USD while XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. Both are passively managed. Over the past 5 years, VUCP.DE returned 0.93%/yr vs -1.09%/yr for XGBE.DE. At a 0.38 correlation, their price movements are largely independent. VUCP.DE charges 0.09%/yr vs 0.25%/yr for XGBE.DE.
Performance
VUCP.DE vs. XGBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUCP.DE achieves a 3.16% return, which is significantly higher than XGBE.DE's 0.47% 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*
- —
XGBE.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.07%
- YTD
- 0.47%
- 1Y
- 1.45%
- 3Y*
- 4.05%
- 5Y*
- -1.09%
- 10Y*
- —
VUCP.DE vs. XGBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 3.16% | -4.23% | 8.62% | 4.43% | -9.57% | 5.51% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 0.47% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
Correlation
The correlation between VUCP.DE and XGBE.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.38 |
Over the past year, the correlation between VUCP.DE and XGBE.DE has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
VUCP.DE vs. XGBE.DE — Risk / Return Rank
VUCP.DE
XGBE.DE
VUCP.DE vs. XGBE.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 Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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 | XGBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.08 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 0.55 | +1.39 |
| Martin ratioReturn relative to average drawdown | 5.24 | 1.71 | +3.54 |
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Drawdowns
VUCP.DE vs. XGBE.DE - Drawdown Comparison
The maximum VUCP.DE drawdown since its inception was -14.52%, smaller than the maximum XGBE.DE drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for VUCP.DE and XGBE.DE.
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Drawdown Indicators
| VUCP.DE | XGBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -20.20% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -2.62% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -10.95% | -2.62% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -12.70% | -20.20% | +7.50% |
Current DrawdownCurrent decline from peak | -3.67% | -6.08% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -10.28% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.85% | +0.39% |
Volatility
VUCP.DE vs. XGBE.DE - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) has a higher volatility of 1.83% compared to Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) at 0.82%. This indicates that VUCP.DE's price experiences larger fluctuations and is considered to be riskier than XGBE.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 | XGBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.82% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 2.74% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 3.27% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 5.05% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 5.03% | +3.40% |
VUCP.DE vs. XGBE.DE - Expense Ratio Comparison
VUCP.DE has a 0.09% expense ratio, which is lower than XGBE.DE's 0.25% 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. XGBE.DE - Dividend Comparison
VUCP.DE's dividend yield for the trailing twelve months is around 5.08%, while XGBE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUCP.DE and XGBE.DE have a correlation of 0.15, 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 0.25% for XGBE.DE.
VUCP.DE tracks Bloomberg US Corp Bond TR USD, while XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.09% for VUCP.DE and 0.25% for XGBE.DE.
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