VUSC.DE vs. VAGS.L
VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) and VAGS.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating) are both exchange-traded funds - VUSC.DE is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while VAGS.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, VUSC.DE returned 3.63%/yr vs 1.56%/yr for VAGS.L. At a 0.09 correlation, their price movements are largely independent. VUSC.DE charges 0.09%/yr vs 0.10%/yr for VAGS.L.
Performance
VUSC.DE vs. VAGS.L - Performance Comparison
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Different Trading Currencies
VUSC.DE is traded in EUR, while VAGS.L is traded in GBP. To make them comparable, the VAGS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSC.DE achieves a 4.35% return, which is significantly higher than VAGS.L's 2.10% return.
VUSC.DE
- 1D
- -0.07%
- 1M
- 2.34%
- YTD
- 4.35%
- 6M
- 4.70%
- 1Y
- 6.86%
- 3Y*
- 4.05%
- 5Y*
- 3.63%
- 10Y*
- —
VAGS.L
- 1D
- -0.12%
- 1M
- 1.26%
- YTD
- 2.10%
- 6M
- 2.23%
- 1Y
- 2.14%
- 3Y*
- 5.95%
- 5Y*
- 1.56%
- 10Y*
- —
VUSC.DE vs. VAGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.35% | -5.83% | 11.48% | 1.85% | 2.14% | 8.14% | -5.67% | 2.58% |
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 2.10% | 1.02% | 10.67% | 10.86% | -17.03% | 5.12% | 0.91% | 7.47% |
Correlation
The correlation between VUSC.DE and VAGS.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.09 |
The correlation between VUSC.DE and VAGS.L shifts across timeframes, from -0.10 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VUSC.DE vs. VAGS.L — Risk / Return Rank
VUSC.DE
VAGS.L
VUSC.DE vs. VAGS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.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.
| VUSC.DE | VAGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 0.89 | +1.20 |
| Martin ratioReturn relative to average drawdown | 5.45 | 2.01 | +3.44 |
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Drawdowns
VUSC.DE vs. VAGS.L - Drawdown Comparison
The maximum VUSC.DE drawdown since its inception was -11.52%, smaller than the maximum VAGS.L drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for VUSC.DE and VAGS.L.
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Drawdown Indicators
| VUSC.DE | VAGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.52% | -19.85% | +8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.39% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | -5.89% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -11.52% | -19.85% | +8.33% |
Current DrawdownCurrent decline from peak | -3.90% | -0.12% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -5.29% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.03% | +0.23% |
Volatility
VUSC.DE vs. VAGS.L - Volatility Comparison
Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) has a higher volatility of 1.30% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) at 1.20%. This indicates that VUSC.DE's price experiences larger fluctuations and is considered to be riskier than VAGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSC.DE | VAGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.20% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.71% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.40% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.01% | 7.67% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 8.17% | -1.51% |
VUSC.DE vs. VAGS.L - Expense Ratio Comparison
VUSC.DE has a 0.09% expense ratio, which is lower than VAGS.L'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
VUSC.DE vs. VAGS.L - Dividend Comparison
VUSC.DE's dividend yield for the trailing twelve months is around 4.45%, while VAGS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.00% | 1.43% | 3.03% | 2.33% | 1.45% | 0.87% | 1.08% | 0.10% | 0.00% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.45% | 5.05% | 4.78% | 4.15% | 1.99% | 1.01% | 2.15% | 2.83% | 1.76% |
Frequently Asked Questions
VUSC.DE and VAGS.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for VAGS.L.
VUSC.DE is categorized as Corporate Bonds, while VAGS.L is Global Bonds. VUSC.DE tracks Bloomberg US Corp 1-3 Yr TR USD, while VAGS.L tracks Bloomberg Global Aggregate TR Hdg GBP. Their fees differ too: 0.09% for VUSC.DE and 0.10% for VAGS.L.
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