TCBT.DE vs. A4H8.DE
TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) and A4H8.DE (Amundi Index Euro Corporate SRI UCITS ETF DR (C)) are both European Corporate Bonds funds - TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates while A4H8.DE tracks the Bloomberg MSCI Euro Corporate ESG Sustainability SRI. Both are passively managed. Over the past 3 years, TCBT.DE returned 3.98%/yr vs 4.47%/yr for A4H8.DE. Their correlation of 0.89 suggests significant overlap in exposure. TCBT.DE charges 0.15%/yr vs 0.14%/yr for A4H8.DE.
Performance
TCBT.DE vs. A4H8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TCBT.DE achieves a 0.36% return, which is significantly lower than A4H8.DE's 0.54% return.
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
A4H8.DE
- 1D
- 0.12%
- 1M
- 0.26%
- YTD
- 0.54%
- 6M
- 0.48%
- 1Y
- 2.16%
- 3Y*
- 4.47%
- 5Y*
- —
- 10Y*
- —
TCBT.DE vs. A4H8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 0.36% | 2.42% | 3.35% | 8.23% | -9.27% |
A4H8.DE Amundi Index Euro Corporate SRI UCITS ETF DR (C) | 0.54% | 2.94% | 4.18% | 7.09% | -8.39% |
Correlation
The correlation between TCBT.DE and A4H8.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022 | 0.89 |
The correlation between TCBT.DE and A4H8.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
TCBT.DE vs. A4H8.DE — Risk / Return Rank
TCBT.DE
A4H8.DE
TCBT.DE vs. A4H8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) and Amundi Index Euro Corporate SRI UCITS ETF DR (C) (A4H8.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.
| TCBT.DE | A4H8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.73 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.19 | 2.44 | -1.25 |
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
| TCBT.DE | A4H8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.62 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.27 | -0.09 |
Drawdowns
TCBT.DE vs. A4H8.DE - Drawdown Comparison
The maximum TCBT.DE drawdown since its inception was -16.90%, which is greater than A4H8.DE's maximum drawdown of -11.35%. Use the drawdown chart below to compare losses from any high point for TCBT.DE and A4H8.DE.
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Drawdown Indicators
| TCBT.DE | A4H8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -11.35% | -5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -2.52% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -2.52% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | — | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.68% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -3.48% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.76% | +0.37% |
Volatility
TCBT.DE vs. A4H8.DE - Volatility Comparison
VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a higher volatility of 1.20% compared to Amundi Index Euro Corporate SRI UCITS ETF DR (C) (A4H8.DE) at 1.11%. This indicates that TCBT.DE's price experiences larger fluctuations and is considered to be riskier than A4H8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCBT.DE | A4H8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.11% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 2.59% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 2.97% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 4.91% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.91% | +0.45% |
TCBT.DE vs. A4H8.DE - Expense Ratio Comparison
TCBT.DE has a 0.15% expense ratio, which is higher than A4H8.DE's 0.14% 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
TCBT.DE vs. A4H8.DE - Dividend Comparison
TCBT.DE's dividend yield for the trailing twelve months is around 2.67%, while A4H8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
A4H8.DE Amundi Index Euro Corporate SRI UCITS ETF DR (C) | 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
TCBT.DE and A4H8.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, A4H8.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
A4H8.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for TCBT.DE.
TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates, while A4H8.DE tracks Bloomberg MSCI Euro Corporate ESG Sustainability SRI. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.15% for TCBT.DE and 0.14% for A4H8.DE.
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