XCOU.L vs. V3GD.L
XCOU.L (Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc) and V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD, from Amundi and Vanguard respectively. Both are passively managed. Over the past 3 years, XCOU.L returned 5.45%/yr vs 5.67%/yr for V3GD.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
XCOU.L vs. V3GD.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCOU.L achieves a 0.81% return, which is significantly higher than V3GD.L's 0.61% return.
XCOU.L
- 1D
- 0.20%
- 1M
- 0.79%
- YTD
- 0.81%
- 6M
- 1.00%
- 1Y
- 3.54%
- 3Y*
- 5.45%
- 5Y*
- —
- 10Y*
- —
V3GD.L
- 1D
- 0.21%
- 1M
- 0.73%
- YTD
- 0.61%
- 6M
- 0.81%
- 1Y
- 4.54%
- 3Y*
- 5.67%
- 5Y*
- 1.07%
- 10Y*
- —
XCOU.L vs. V3GD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCOU.L Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc | 0.81% | 5.28% | 4.41% | 8.47% | -4.52% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.61% | 6.28% | 3.93% | 8.62% | -4.06% |
Correlation
The correlation between XCOU.L and V3GD.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.81 |
The correlation between XCOU.L and V3GD.L has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
XCOU.L vs. V3GD.L — Risk / Return Rank
XCOU.L
V3GD.L
XCOU.L vs. V3GD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) and Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.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.
| XCOU.L | V3GD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 4.66 | 5.96 | -1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCOU.L | V3GD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.23 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.21 | +0.64 |
Drawdowns
XCOU.L vs. V3GD.L - Drawdown Comparison
The maximum XCOU.L drawdown since its inception was -7.95%, smaller than the maximum V3GD.L drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for XCOU.L and V3GD.L.
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Drawdown Indicators
| XCOU.L | V3GD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.95% | -19.16% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.54% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.46% | -3.65% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.16% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.59% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -6.40% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.76% | 0.00% |
Volatility
XCOU.L vs. V3GD.L - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) is 1.20%, while Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) has a volatility of 1.47%. This indicates that XCOU.L experiences smaller price fluctuations and is considered to be less risky than V3GD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCOU.L | V3GD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.47% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.85% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 3.69% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 5.49% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 5.48% | -1.38% |
XCOU.L vs. V3GD.L - Expense Ratio Comparison
Both XCOU.L and V3GD.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XCOU.L vs. V3GD.L - Dividend Comparison
XCOU.L has not paid dividends to shareholders, while V3GD.L's dividend yield for the trailing twelve months is around 4.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.37% | 4.45% | 4.35% | 4.05% | 2.44% | 0.70% |
XCOU.L Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCOU.L and V3GD.L have a correlation of 0.71, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XCOU.L and V3GD.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: Amundi and Vanguard.
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