TCBT.DE vs. BTC-USD
TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) is European Corporate Bonds fund tracking the iBoxx® SD-KPI EUR Liquid Corporates, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, TCBT.DE returned -0.18%/yr vs 12.64%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
TCBT.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
TCBT.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TCBT.DE achieves a 0.36% return, which is significantly higher than BTC-USD's -26.25% 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*
- —
BTC-USD
- 1D
- 0.00%
- 1M
- -20.75%
- YTD
- -26.25%
- 6M
- -28.42%
- 1Y
- -38.10%
- 3Y*
- 29.19%
- 5Y*
- 12.64%
- 10Y*
- 59.66%
TCBT.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
BTC-USD Bitcoin | -28.60% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | 8.82% |
Correlation
The correlation between TCBT.DE and BTC-USD is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.03 |
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Return for Risk
TCBT.DE vs. BTC-USD — Risk / Return Rank
TCBT.DE
BTC-USD
TCBT.DE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.87 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | -0.76 | +1.16 |
| Martin ratioReturn relative to average drawdown | 1.19 | -1.35 | +2.54 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | -0.90 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.23 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.14 | -0.95 |
Drawdowns
TCBT.DE vs. BTC-USD - Drawdown Comparison
The maximum TCBT.DE drawdown since its inception was -16.90%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for TCBT.DE and BTC-USD.
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Drawdown Indicators
| TCBT.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -83.05% | +66.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -49.93% | +46.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -49.93% | +46.54% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | -73.60% | +56.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -2.09% | -48.40% | +46.31% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -39.96% | +34.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 33.81% | -32.68% |
Volatility
TCBT.DE vs. BTC-USD - Volatility Comparison
The current volatility for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) is 1.20%, while Bitcoin (BTC-USD) has a volatility of 10.12%. This indicates that TCBT.DE experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 10.12% | -8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 34.33% | -30.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 35.37% | -30.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 45.05% | -39.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 55.99% | -50.63% |
Frequently Asked Questions
TCBT.DE and BTC-USD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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