VUSC.L vs. VCPA.L
VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) and VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds from Vanguard - VUSC.L tracks the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year while VCPA.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VUSC.L returned 3.19%/yr vs 0.76%/yr for VCPA.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
VUSC.L vs. VCPA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VUSC.L achieves a 1.30% return, which is significantly higher than VCPA.L's 0.02% return.
VUSC.L
- 1D
- 0.25%
- 1M
- -0.13%
- 6M
- 0.86%
- YTD
- 1.30%
- 1Y
- 3.77%
- 3Y*
- 4.29%
- 5Y*
- 3.19%
- 10Y*
- —
VCPA.L
- 1D
- 0.33%
- 1M
- -1.02%
- 6M
- -0.37%
- YTD
- 0.02%
- 1Y
- 4.16%
- 3Y*
- 3.99%
- 5Y*
- 0.76%
- 10Y*
- —
VUSC.L vs. VCPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 1.30% | -1.33% | 7.18% | -0.33% | 7.69% | 1.08% | 0.03% | 2.29% |
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.02% | 0.42% | 4.58% | 2.12% | -4.89% | 0.33% | 5.37% | -15.43% |
Correlation
The correlation between VUSC.L and VCPA.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.77 |
The correlation between VUSC.L and VCPA.L has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VUSC.L vs. VCPA.L — Risk / Return Rank
VUSC.L
VCPA.L
VUSC.L vs. VCPA.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 USD (Dist) (VUSC.L) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.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 | VCPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.89 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.26 | 2.09 | +0.16 |
Loading charts...
Drawdowns
VUSC.L vs. VCPA.L - Drawdown Comparison
The maximum VUSC.L drawdown since its inception was -15.15%, smaller than the maximum VCPA.L drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for VUSC.L and VCPA.L.
Loading charts...
Drawdown Indicators
| VUSC.L | VCPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -24.70% | +9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -4.67% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -20.09% | +11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.15% | -20.09% | +4.94% |
Current DrawdownCurrent decline from peak | -3.33% | -12.56% | +9.23% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -13.95% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.98% | -0.31% |
Volatility
VUSC.L vs. VCPA.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L) is 1.18%, while Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) has a volatility of 1.56%. This indicates that VUSC.L experiences smaller price fluctuations and is considered to be less risky than VCPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VUSC.L | VCPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.56% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.51% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 6.08% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 16.50% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 17.17% | -8.68% |
VUSC.L vs. VCPA.L - Expense Ratio Comparison
Both VUSC.L and VCPA.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
VUSC.L vs. VCPA.L - Dividend Comparison
VUSC.L's dividend yield for the trailing twelve months is around 4.46%, while VCPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 4.46% | 4.94% | 4.85% | 4.15% | 1.92% | 1.03% | 2.12% | 2.92% | 1.75% |
Frequently Asked Questions
VUSC.L and VCPA.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.L and VCPA.L have the same expense ratio: 0.09% per year.
VUSC.L tracks Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year, while VCPA.L tracks Bloomberg US Corp Bond TR USD.
Find the right allocation for VUSC.L and VCPA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer