(VECA) Vanguard EUR Corporate Bond - Ratings and Ratios

The Vanguard EUR Corporate Bond UCITS ETF EUR Accumulation CHF (SW:VECA) is an exchange-traded fund that tracks the Morningstar EZN Corp Bd GR EUR index, providing exposure to European corporate bonds denominated in EUR. As a Swiss-listed ETF, it offers a diversified portfolio of high-quality corporate bonds, catering to investors seeking stable income and relatively lower risk.

Key performance indicators (KPIs) for this ETF include its yield, duration, and credit quality. Given its focus on EUR-denominated corporate bonds, the ETFs yield is likely to be influenced by European interest rates and credit spreads. A longer duration indicates higher sensitivity to interest rate changes, while a higher credit quality suggests lower default risk. With an AUM of approximately 2844.93M CHF, the fund has a substantial asset base, which can contribute to liquidity and economies of scale.

To further evaluate this ETF, we can examine its tracking error, expense ratio, and trading liquidity. A low tracking error indicates that the ETF closely follows its underlying index, while a competitive expense ratio is crucial for long-term returns. The ETFs trading liquidity, reflected in its average daily trading volume and bid-ask spread, is essential for investors seeking to enter or exit positions efficiently.

From a technical analysis perspective, the ETFs price action and moving averages suggest a relatively stable trend. The current price of 49.13 is near its 20-day SMA of 49.27, indicating a potential support level. The 52-week high and low of 58.86 and 42.45, respectively, provide context for the ETFs recent price movements, with the current price roughly 16.5% below its 52-week high.