VUSC.L vs. VUCP.L
VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds from Vanguard - VUSC.L tracks the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year while VUCP.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 VUCP.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
VUSC.L vs. VUCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUSC.L achieves a 1.30% return, which is significantly higher than VUCP.L's 0.10% 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*
- —
VUCP.L
- 1D
- 0.38%
- 1M
- -1.01%
- 6M
- -0.29%
- YTD
- 0.10%
- 1Y
- 4.16%
- 3Y*
- 4.00%
- 5Y*
- 0.76%
- 10Y*
- 2.22%
VUSC.L vs. VUCP.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 USD (Dist) | 1.30% | -1.33% | 7.18% | -0.33% | 7.69% | 1.08% | 0.03% | 2.11% | 6.04% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 0.10% | 0.35% | 4.48% | 2.22% | -4.79% | 0.07% | 5.63% | 11.03% | 6.15% |
Correlation
The correlation between VUSC.L and VUCP.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | 0.78 |
The correlation between VUSC.L and VUCP.L has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
VUSC.L vs. VUCP.L — Risk / Return Rank
VUSC.L
VUCP.L
VUSC.L vs. VUCP.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 Distributing (VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.88 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.26 | 2.04 | +0.22 |
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Drawdowns
VUSC.L vs. VUCP.L - Drawdown Comparison
The maximum VUSC.L drawdown since its inception was -15.15%, roughly equal to the maximum VUCP.L drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for VUSC.L and VUCP.L.
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Drawdown Indicators
| VUSC.L | VUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -15.05% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -4.71% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -8.61% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.15% | -12.60% | -2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.05% | — |
Current DrawdownCurrent decline from peak | -3.33% | -3.87% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -6.34% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.04% | -0.37% |
Volatility
VUSC.L vs. VUCP.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 Distributing (VUCP.L) has a volatility of 1.70%. This indicates that VUSC.L experiences smaller price fluctuations and is considered to be less risky than VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.70% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.56% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 6.07% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 8.47% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 9.26% | -0.77% |
VUSC.L vs. VUCP.L - Expense Ratio Comparison
Both VUSC.L and VUCP.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. VUCP.L - Dividend Comparison
VUSC.L's dividend yield for the trailing twelve months is around 4.46%, less than VUCP.L's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 5.11% | 5.29% | 4.89% | 4.45% | 3.42% | 2.54% | 3.02% | 3.37% | 3.43% | 3.32% | 2.30% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
VUSC.L and VUCP.L have a correlation of 0.75, 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 VUCP.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 VUCP.L tracks Bloomberg US Corp Bond TR USD.
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