G2X.DE vs. TCBT.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while TCBT.DE is a European Corporate Bonds fund tracking the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, G2X.DE returned 20.05%/yr vs -0.18%/yr for TCBT.DE. At a 0.27 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.15%/yr for TCBT.DE.
Performance
G2X.DE vs. TCBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2X.DE achieves a -1.03% return, which is significantly lower than TCBT.DE's 0.36% return.
G2X.DE
- 1D
- 1.09%
- 1M
- 0.55%
- YTD
- -1.03%
- 6M
- 7.50%
- 1Y
- 61.05%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
TCBT.DE
- 1D
- -0.09%
- 1M
- 0.63%
- YTD
- 0.36%
- 6M
- 0.02%
- 1Y
- 1.34%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
G2X.DE vs. TCBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | 4.57% |
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 G2X.DE and TCBT.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.27 |
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Return for Risk
G2X.DE vs. TCBT.DE — Risk / Return Rank
G2X.DE
TCBT.DE
G2X.DE vs. TCBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.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.
| G2X.DE | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.40 | +1.78 |
| Martin ratioReturn relative to average drawdown | 5.49 | 1.19 | +4.30 |
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
| G2X.DE | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.30 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | -0.04 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.18 | +0.25 |
Drawdowns
G2X.DE vs. TCBT.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than TCBT.DE's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for G2X.DE and TCBT.DE.
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Drawdown Indicators
| G2X.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -16.90% | -29.14% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -3.39% | -24.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -3.39% | -24.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -16.88% | -21.67% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -2.09% | -21.25% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -5.10% | -14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 1.13% | +9.96% |
Volatility
G2X.DE vs. TCBT.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) at 1.20%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than TCBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G2X.DE | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 1.20% | +12.37% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 4.05% | +30.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 4.46% | +38.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 5.18% | +27.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 5.36% | +26.97% |
G2X.DE vs. TCBT.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than TCBT.DE's 0.15% expense ratio.
Dividends
G2X.DE vs. TCBT.DE - Dividend Comparison
G2X.DE has not paid dividends to shareholders, while TCBT.DE's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 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
G2X.DE and TCBT.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCBT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCBT.DE is cheaper with a 0.15% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while TCBT.DE is European Corporate Bonds. G2X.DE tracks NYSE Arca Gold Miners, while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates. Their fees differ too: 0.53% for G2X.DE and 0.15% for TCBT.DE.
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