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Rebalix
Comparison report · official data side by side

VCDE vs VUCE


VCDEVanguard USD Corporate 1-3 Year Bond UCITS ETF EUR Hedged Acc
IE00BGYWSW13 · Bonds · Corporate USD · 1-3 years · North America
VUCEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating
IE00BGYWFK87 · Bonds · Corporate USD · Broad (all maturities) · North America
Open the interactive comparison on rebalix.com →

Comparison window: · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared

Report produced on 5 September 2026 · data as of the dates shown per section
Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat
Public methodology: rebalix.com/en/methodology

Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.

RebalixVCDE vs VUCE · report of 5 September 2026

The funds at a glance

From official issuer documents and the ESMA register
VCDEIE00BGYWSW13Vanguard USD Corporate 1-3 Year Bond UCITS ETF EUR Hedged AccBonds · Corporate USD · 1-3 years · North America
Declared index
Bloomberg Global Aggregate Corporate - United States Dollar Index
TER
0.12%
Transaction (KID)
0.07%
Fund size
3 mld EUR
Launch
3 Oct 2023
Currency
EUR
Replication
Physical (sampled)
Hedging
Yes — in EUR
Holdings
2,131
Duration
1.90 yrs
Effective 🇮🇹 rate
25.93%
VUCEIE00BGYWFK87Vanguard USD Corporate Bond UCITS ETF (USD) AccumulatingBonds · Corporate USD · Broad (all maturities) · North America
Declared index
Bloomberg Global Aggregate Corporate - United States Dollar Index
TER
0.07%
Transaction (KID)
0.04%
Fund size
3.9 mld EUR
Launch
19 Feb 2019
Currency
USD
Replication
Physical (sampled)
Hedging
No
Holdings
8,648
Duration
6.20 yrs
Effective 🇮🇹 rate
25.97%

Tracking difference — year by year

Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
VCDEn/d
2025
−0.17%
2024
−0.12%
VUCE3y avg: +0.00%/anno
2025
−0.13%
2024
+0.08%
2023
+0.06%
2022
−0.09%
2021
−0.16%
Rebalix · VCDE vs VUCEsection 1 of 3
RebalixVCDE vs VUCE · report of 5 September 2026
VCDEVanguard USD Corporate 1-3 Year Bond UCITS ETF EUR Hedged Acc · IE00BGYWSW13 · Bonds · Corporate USD · 1-3 years · North America
VUCEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating · IE00BGYWFK87 · Bonds · Corporate USD · Broad (all maturities) · North America

Geographic composition

% of portfolio, from full declared holdings
VCDEVUCEUnited States73.6%79.0%United Kingdom4.9%3.5%Canada3.3%2.7%Japan3.0%2.5%

Sector composition

GICS sectors, same sources and dates
VCDEVUCEFinancials31.1%24.5%Information Technology5.2%5.9%Health Care4.5%6.6%Industrials4.4%5.0%Consumer Discretionary3.8%4.3%Utilities3.5%4.5%Consumer Staples3.0%3.5%Communication Services2.1%5.3%

Portfolio overlap

755 common holdings · ticker match on full official portfolios
25%50%75%100%Weight of common holdings in VCDE99.2%Weight of common holdings in VUCE89.7%Truly shared part (duplicated investment)70.2%
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 755 common holdings this gives 70.2%: buying both funds, roughly this share of your money buys the same stocks twice.
Rebalix · VCDE vs VUCEsection 2 of 3
RebalixVCDE vs VUCE · report of 5 September 2026

Full comparison table

"—" = not published by the source, never estimated
VCDEVanguard USD Corporate 1-3 Year Bond UCITS ETF EUR Hedged Acc · IE00BGYWSW13 · Bonds · Corporate USD · 1-3 years · North America
VUCEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating · IE00BGYWFK87 · Bonds · Corporate USD · Broad (all maturities) · North America
MetricVCDEVUCENote
Identity
CategoryBonds · Corporate USD · 1-3 years · North AmericaBonds · Corporate USD · Broad (all maturities) · North AmericaRebalix engine classification
ReplicationPhysical (sampled)Physical (sampled)as declared by the issuer
Currency hedgingYes — hedged to EURNosource: class name, factsheet
Income policyaccumulatingaccumulating
Costs
TER0.12%0.07%from the KID
Transaction costs (KID)0.07%0.04%internal
All-in cost0.19%0.11%TER + transaction
Tracking difference (3a)+0.00%vs its OWN index
Performance in euro (ECB rates)
1 year+1.7%+4.9%
3 years+10.3%
5 years+4.5%
10 years— = series younger than the window
Risk · last 3 years
Volatility (ann.)+1.45%+5.01%
Max drawdown−0.98%−4.36%
Sharpe0.210.39risk-free = ECB MRO avg
Sortino0.300.56like Sharpe, downside only
Fixed income
Duration1.90 yrs (avg)6.20 yrs (avg)VCDE: factsheet 31 Jul 2026 · VUCE: factsheet 31 Jul 2026
Duration bandshort (≤3 years)medium (3–7 years)short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share99.9%99.9%BBB−/Baa3 and above
Heaviest rating bucketA (48.5%)A (45.0%)
Most represented maturity2–3 years (49.1%)1–5 years (40.2%)
Italian taxation
Effective capital-gains rate25.93%25.97%white list, current half-year
Documents & exchanges
Listing venues99ESMA register
Borsa Italiana tickerVCDEVUCE
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~121 euro VCDE · ~70 euro VUCE. Broker costs not included.

Disclaimer

This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.

Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.

Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.

Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.

Rebalix · VCDE vs VUCEsection 3 of 3