VUSC.L vs. 0FLE.L
VUSC.L (Vanguard USD Corporate 1-3 year Bond UCITS ETF) and 0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) are both exchange-traded funds - VUSC.L is a Corporate Bonds fund tracking the Vanguard USD Corporate 1-3 year Bond UCITS ETF, while 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index. Both are passively managed. Over the past 5 years, VUSC.L returned 3.13%/yr vs 2.27%/yr for 0FLE.L. At a 0.41 correlation, their price movements are largely independent.
Performance
VUSC.L vs. 0FLE.L - Performance Comparison
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Different Trading Currencies
VUSC.L is traded in GBP, while 0FLE.L is traded in EUR. To make them comparable, the 0FLE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSC.L achieves a 1.01% return, which is significantly higher than 0FLE.L's -1.10% return.
VUSC.L
- 1D
- 0.03%
- 1M
- -0.23%
- 6M
- 0.76%
- YTD
- 1.01%
- 1Y
- 3.35%
- 3Y*
- 4.27%
- 5Y*
- 3.13%
- 10Y*
- —
0FLE.L
- 1D
- 0.00%
- 1M
- -1.41%
- 6M
- -0.68%
- YTD
- -1.10%
- 1Y
- 0.62%
- 3Y*
- 3.31%
- 5Y*
- 2.27%
- 10Y*
- —
VUSC.L vs. 0FLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VUSC.L Vanguard USD Corporate 1-3 year Bond UCITS ETF | 1.01% | -1.33% | 7.18% | -0.33% | 7.69% | 1.08% | 0.03% | 2.11% | 6.04% |
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | -1.10% | 8.18% | 0.12% | 2.12% | 4.65% | -6.41% | 3.78% | -3.04% | 0.64% |
Correlation
The correlation between VUSC.L and 0FLE.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | 0.41 |
The correlation between VUSC.L and 0FLE.L shifts across timeframes, from 0.25 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VUSC.L vs. 0FLE.L — Risk / Return Rank
VUSC.L
0FLE.L
VUSC.L vs. 0FLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 year Bond UCITS ETF (VUSC.L) and iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.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.L | 0FLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.24 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.28 | 0.56 | +1.72 |
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Drawdowns
VUSC.L vs. 0FLE.L - Drawdown Comparison
The maximum VUSC.L drawdown since its inception was -15.15%, which is greater than 0FLE.L's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for VUSC.L and 0FLE.L.
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Drawdown Indicators
| VUSC.L | 0FLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -13.35% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -2.19% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -5.02% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.15% | -5.66% | -9.49% |
Current DrawdownCurrent decline from peak | -3.61% | -2.19% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -5.98% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 0.93% | +0.73% |
Volatility
VUSC.L vs. 0FLE.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 year Bond UCITS ETF (VUSC.L) is 1.68%, while iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a volatility of 1.97%. This indicates that VUSC.L experiences smaller price fluctuations and is considered to be less risky than 0FLE.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.L | 0FLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.97% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 3.31% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 4.57% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 6.55% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 7.07% | +1.42% |
Dividends
VUSC.L vs. 0FLE.L - Dividend Comparison
VUSC.L's dividend yield for the trailing twelve months is around 4.93%, more than 0FLE.L's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
VUSC.L Vanguard USD Corporate 1-3 year Bond UCITS ETF | 4.93% | 4.94% | 4.85% | 4.15% | 1.92% | 1.03% | 2.12% | 2.92% | 1.75% | 0.00% |
Frequently Asked Questions
VUSC.L and 0FLE.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSC.L is categorized as Corporate Bonds, while 0FLE.L is Ultrashort Bond. VUSC.L tracks Vanguard USD Corporate 1-3 year Bond UCITS ETF, while 0FLE.L tracks Bloomberg US Floating Rate Note<5 Years Index. They also come from different issuers: Vanguard and iShares.
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