EFRN.DE vs. TCBT.DE
EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both European Corporate Bonds funds - EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, EFRN.DE returned 2.35%/yr vs -0.18%/yr for TCBT.DE. At a 0.07 correlation, their price movements are largely independent. EFRN.DE charges 0.10%/yr vs 0.15%/yr for TCBT.DE.
Performance
EFRN.DE vs. TCBT.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFRN.DE achieves a 0.87% return, which is significantly higher than TCBT.DE's 0.36% return.
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
EFRN.DE vs. TCBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | 0.13% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 0.36% | 2.42% | 3.35% | 8.23% | -13.49% | -1.27% | 2.29% | 6.99% | 0.16% |
Correlation
The correlation between EFRN.DE and TCBT.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.07 |
The correlation between EFRN.DE and TCBT.DE shifts across timeframes, from -0.04 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFRN.DE vs. TCBT.DE — Risk / Return Rank
EFRN.DE
TCBT.DE
EFRN.DE vs. TCBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) and VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE). 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.
| EFRN.DE | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.06 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 8.25 | 0.40 | +7.85 |
| Martin ratioReturn relative to average drawdown | 32.61 | 1.19 | +31.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EFRN.DE | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.30 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.35 | -0.04 | +2.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.18 | +0.94 |
Drawdowns
EFRN.DE vs. TCBT.DE - Drawdown Comparison
The maximum EFRN.DE drawdown since its inception was -5.68%, smaller than the maximum TCBT.DE drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for EFRN.DE and TCBT.DE.
Loading charts...
Drawdown Indicators
| EFRN.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -16.90% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -3.39% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.48% | -3.39% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -16.88% | +15.75% |
Current DrawdownCurrent decline from peak | -0.01% | -2.09% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -5.10% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.13% | -1.05% |
Volatility
EFRN.DE vs. TCBT.DE - Volatility Comparison
The current volatility for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) is 0.34%, while VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a volatility of 1.20%. This indicates that EFRN.DE experiences smaller price fluctuations and is considered to be less risky than TCBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EFRN.DE | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.20% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 4.05% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 4.46% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 5.18% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 5.36% | -4.01% |
EFRN.DE vs. TCBT.DE - Expense Ratio Comparison
EFRN.DE has a 0.10% expense ratio, which is lower than TCBT.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EFRN.DE vs. TCBT.DE - Dividend Comparison
EFRN.DE's dividend yield for the trailing twelve months is around 2.50%, less than TCBT.DE's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% |
Frequently Asked Questions
EFRN.DE and TCBT.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for TCBT.DE.
EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.10% for EFRN.DE and 0.15% for TCBT.DE.
Find the right allocation for EFRN.DE and TCBT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer