VWITX vs. VUCP.L

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L).

VWITX is managed by Vanguard. It was launched on Sep 1, 1977. VUCP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Feb 24, 2016.

Performance

VWITX vs. VUCP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L). The values are adjusted to include any dividend payments, if applicable.

VWITX vs. VUCP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	-0.48%	5.89%	2.23%	5.82%	-6.90%	0.74%	5.14%	7.01%	1.26%	4.54%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	-1.10%	6.57%	2.58%	6.64%	-15.50%	-1.53%	8.17%	14.64%	-3.57%	5.50%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VWITX achieves a -0.48% return, which is significantly higher than VUCP.L's -1.10% return. Over the past 10 years, VWITX has outperformed VUCP.L with an annualized return of 2.29%, while VUCP.L has yielded a comparatively lower 1.98% annualized return.

VWITX

• 1D: 0.22%
• 1M: -2.36%
• YTD: -0.48%
• 6M: 1.07%
• 1Y: 4.47%
• 3Y*: 3.64%
• 5Y*: 1.49%
• 10Y*: 2.29%

VUCP.L

• 1D: 0.30%
• 1M: -1.82%
• YTD: -1.10%
• 6M: -0.51%
• 1Y: 3.21%
• 3Y*: 4.17%
• 5Y*: -0.03%
• 10Y*: 1.98%

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

VWITX vs. VUCP.L - Expense Ratio Comparison

VWITX has a 0.17% expense ratio, which is higher than VUCP.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VWITX

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares

VUCP.L

Vanguard USD Corporate Bond UCITS ETF Distributing

Return for Risk

VWITX vs. VUCP.L — Risk / Return Rank

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

VWITX

VWITX Risk / Return Rank: 66
VWITX Sharpe Ratio Rank: 69
VWITX Sortino Ratio Rank: 63
VWITX Omega Ratio Rank: 85
VWITX Calmar Ratio Rank: 58
VWITX Martin Ratio Rank: 55

VUCP.L

VUCP.L Risk / Return Rank: 14
VUCP.L Sharpe Ratio Rank: 15
VUCP.L Sortino Ratio Rank: 13
VUCP.L Omega Ratio Rank: 13
VUCP.L Calmar Ratio Rank: 15
VUCP.L Martin Ratio Rank: 14

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.

VWITX vs. VUCP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) 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.

	VWITX	VUCP.L	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.55	+0.69
Sortino ratio Return per unit of downside risk	1.66	0.80	+0.86
Omega ratio Gain probability vs. loss probability	1.35	1.10	+0.26
Calmar ratio Return relative to maximum drawdown	1.43	0.97	+0.46
Martin ratio Return relative to average drawdown	5.48	3.15	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWITX vs. VUCP.L - Sharpe Ratio Comparison

The current VWITX Sharpe Ratio is 1.25, which is higher than the VUCP.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of VWITX and VUCP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VWITX	VUCP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.55	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	-0.00	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.26	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.30	+0.47

Correlation

The correlation between VWITX and VUCP.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VWITX vs. VUCP.L - Dividend Comparison

VWITX's dividend yield for the trailing twelve months is around 3.25%, less than VUCP.L's 3.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	3.25%	3.96%	3.53%	2.70%	2.43%	1.83%	2.32%	2.80%	2.80%	2.72%	2.80%	2.88%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	3.83%	4.02%	4.73%	3.57%	2.79%	1.85%	2.36%	2.64%	2.58%	2.57%	1.73%	0.00%

Drawdowns

VWITX vs. VUCP.L - Drawdown Comparison

The maximum VWITX drawdown since its inception was -29.13%, which is greater than VUCP.L's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for VWITX and VUCP.L.

Drawdown Indicators

	VWITX	VUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-16.84%	-12.29%
Max Drawdown (1Y) Largest decline over 1 year	-3.89%	-6.11%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	-11.46%	-13.14%	+1.68%
Max Drawdown (10Y) Largest decline over 10 years	-11.46%	-16.84%	+5.38%
Current Drawdown Current decline from peak	-2.64%	-7.08%	+4.44%
Average Drawdown Average peak-to-trough decline	-3.58%	-7.66%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	3.14%	-2.12%

Volatility

VWITX vs. VUCP.L - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.01%, while Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) has a volatility of 2.40%. This indicates that VWITX 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.

Volatility by Period

	VWITX	VUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	2.40%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	1.57%	3.86%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	6.34%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.22%	7.63%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.41%	7.73%	-4.32%