EXHB.DE vs. TGBT.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) are both European Government Bonds funds - EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5 while TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 5 years, EXHB.DE returned 0.21%/yr vs -2.05%/yr for TGBT.DE. A 0.70 correlation means they provide meaningful diversification when combined. EXHB.DE charges 0.16%/yr vs 0.15%/yr for TGBT.DE.
Performance
EXHB.DE vs. TGBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.01% return, which is significantly higher than TGBT.DE's -0.51% return.
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- -0.00%
- 1Y
- 0.43%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
TGBT.DE
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- -0.51%
- 6M
- 0.53%
- 1Y
- 0.36%
- 3Y*
- 2.64%
- 5Y*
- -2.05%
- 10Y*
- —
EXHB.DE vs. TGBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | 0.01% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -2.64% | 3.34% | 5.03% | 0.26% |
Correlation
The correlation between EXHB.DE and TGBT.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.70 |
The correlation between EXHB.DE and TGBT.DE shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHB.DE vs. TGBT.DE — Risk / Return Rank
EXHB.DE
TGBT.DE
EXHB.DE vs. TGBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) and VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.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.
| EXHB.DE | TGBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.11 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.07 | 0.29 | +0.78 |
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
| EXHB.DE | TGBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.08 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.32 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.09 | +0.25 |
Drawdowns
EXHB.DE vs. TGBT.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -10.06%, smaller than the maximum TGBT.DE drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and TGBT.DE.
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Drawdown Indicators
| EXHB.DE | TGBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -21.36% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -3.32% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -3.56% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | -21.12% | +14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -11.91% | +9.00% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -9.23% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.26% | -0.86% |
Volatility
EXHB.DE vs. TGBT.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.49%, while VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) has a volatility of 1.55%. This indicates that EXHB.DE experiences smaller price fluctuations and is considered to be less risky than TGBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHB.DE | TGBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.55% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 3.94% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 4.44% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 6.38% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 5.67% | -4.23% |
EXHB.DE vs. TGBT.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% expense ratio, which is higher than TGBT.DE's 0.15% 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%.
Dividends
EXHB.DE vs. TGBT.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, less than TGBT.DE's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | 1.95% | 2.17% | 1.13% | 0.57% | 0.60% | 0.77% | 0.75% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHB.DE and TGBT.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGBT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGBT.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.16% for EXHB.DE and 0.15% for TGBT.DE.
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