VUKG.L vs. VDCA.L

Last updated Jun 26, 2026

VUKG.L (Vanguard FTSE 100 UCITS ETF (GBP) Accumulating) and VDCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation) are both exchange-traded funds - VUKG.L is a Europe Equities fund tracking the FTSE 100 Index, while VDCA.L is a Short-Term Bond fund tracking the Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, VUKG.L returned 15.28%/yr vs 3.70%/yr for VDCA.L. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.09% expense ratio.

Performance

VUKG.L vs. VDCA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUKG.L is traded in GBP, while VDCA.L is traded in USD. To make them comparable, the VDCA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUKG.L achieves a 7.41% return, which is significantly higher than VDCA.L's 3.22% return.

VUKG.L

• 1D: 0.81%
• 1M: 0.64%
• YTD: 7.41%
• 6M: 8.09%
• 1Y: 24.30%
• 3Y*: 18.62%
• 5Y*: 15.28%
• 10Y*: —

VDCA.L

• 1D: -0.12%
• 1M: 2.14%
• YTD: 3.22%
• 6M: 3.63%
• 1Y: 7.69%
• 3Y*: 4.18%
• 5Y*: 3.70%
• 10Y*: —

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

VUKG.L vs. VDCA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VUKG.L Vanguard FTSE 100 UCITS ETF (GBP) Accumulating	7.41%	27.30%	13.56%	11.46%	9.82%	22.31%	-8.50%	9.90%
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation	3.22%	-1.68%	7.40%	0.12%	7.63%	0.73%	0.52%	0.58%

Correlation

The correlation between VUKG.L and VDCA.L is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.11
Correlation (All Time) Calculated using the full available price history since May 14, 2019	-0.04

Return for Risk

VUKG.L vs. VDCA.L — Risk / Return Rank

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

VUKG.L

VUKG.L Risk / Return Rank: 72
VUKG.L Sharpe Ratio Rank: 80
VUKG.L Sortino Ratio Rank: 80
VUKG.L Omega Ratio Rank: 81
VUKG.L Calmar Ratio Rank: 65
VUKG.L Martin Ratio Rank: 56

VDCA.L

VDCA.L Risk / Return Rank: 90
VDCA.L Sharpe Ratio Rank: 86
VDCA.L Sortino Ratio Rank: 92
VDCA.L Omega Ratio Rank: 89
VDCA.L Calmar Ratio Rank: 91
VDCA.L Martin Ratio Rank: 91

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.

VUKG.L vs. VDCA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L). 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.

	VUKG.L	VDCA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.16	+1.04
Sortino ratio: Return per unit of downside risk	3.06	1.72	+1.34
Omega ratio: Gain probability vs. loss probability	1.42	1.21	+0.21
Calmar ratio: Return relative to maximum drawdown	2.77	1.53	+1.24
Martin ratio: Return relative to average drawdown	8.68	4.31	+4.36

VUKG.L vs. VDCA.L - Sharpe Ratio Comparison

The current VUKG.L Sharpe Ratio is 2.20, which is higher than the VDCA.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of VUKG.L and VDCA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VUKG.L vs. VDCA.L - Drawdown Comparison

The maximum VUKG.L drawdown since its inception was -34.32%, which is greater than VDCA.L's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for VUKG.L and VDCA.L.

Drawdown Indicators

	VUKG.L	VDCA.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.32%	-15.72%	-18.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-5.00%	-3.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-8.97%	-3.26%
Max Drawdown (5Y) Largest decline over 5 years	-12.23%	-15.72%	+3.49%
Current Drawdown Current decline from peak	-2.48%	-2.28%	-0.20%
Average Drawdown Average peak-to-trough decline	-3.97%	-6.89%	+2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.78%	+1.01%

Volatility

VUKG.L vs. VDCA.L - Volatility Comparison

Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) has a higher volatility of 3.01% compared to Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L) at 1.82%. This indicates that VUKG.L's price experiences larger fluctuations and is considered to be riskier than VDCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUKG.L	VDCA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	1.82%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	5.10%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	6.59%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	8.28%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	8.88%	+7.31%

VUKG.L vs. VDCA.L - Expense Ratio Comparison

Both VUKG.L and VDCA.L 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

VUKG.L vs. VDCA.L - Dividend Comparison

Neither VUKG.L nor VDCA.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUKG.L Vanguard FTSE 100 UCITS ETF (GBP) Accumulating	0.00%	0.79%	3.67%	3.71%	3.84%	3.84%	3.06%	1.92%

Frequently Asked Questions

Can I hold both VUKG.L and VDCA.L in my portfolio?

VUKG.L and VDCA.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUKG.L or VDCA.L?

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, VUKG.L or VDCA.L?

VUKG.L and VDCA.L have the same expense ratio: 0.09% per year.

What is the main difference between VUKG.L and VDCA.L?

VUKG.L is categorized as Europe Equities, while VDCA.L is Short-Term Bond. VUKG.L tracks FTSE 100 Index, while VDCA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year.