TCBT.DE vs. D5BG.DE
TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) and D5BG.DE (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both European Corporate Bonds funds - TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates while D5BG.DE tracks the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 5 years, TCBT.DE returned -0.18%/yr vs 0.10%/yr for D5BG.DE. Their correlation of 0.89 suggests significant overlap in exposure. TCBT.DE charges 0.15%/yr vs 0.12%/yr for D5BG.DE.
Performance
TCBT.DE vs. D5BG.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 D5BG.DE's 0.58% 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*
- —
D5BG.DE
- 1D
- 0.15%
- 1M
- 0.36%
- YTD
- 0.58%
- 6M
- 0.60%
- 1Y
- 2.20%
- 3Y*
- 4.59%
- 5Y*
- 0.10%
- 10Y*
- 0.93%
TCBT.DE vs. D5BG.DE - 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% |
D5BG.DE Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.58% | 3.14% | 4.22% | 7.44% | -12.98% | -1.39% | 2.51% | 6.25% | 0.54% |
Correlation
The correlation between TCBT.DE and D5BG.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.89 |
The correlation between TCBT.DE and D5BG.DE has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
TCBT.DE vs. D5BG.DE — Risk / Return Rank
TCBT.DE
D5BG.DE
TCBT.DE vs. D5BG.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (D5BG.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 | D5BG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.74 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.19 | 2.53 | -1.34 |
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 | D5BG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.63 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.02 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.48 | -0.29 |
Drawdowns
TCBT.DE vs. D5BG.DE - Drawdown Comparison
The maximum TCBT.DE drawdown since its inception was -16.90%, roughly equal to the maximum D5BG.DE drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for TCBT.DE and D5BG.DE.
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Drawdown Indicators
| TCBT.DE | D5BG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -17.22% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -2.68% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -2.68% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | -17.22% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.22% | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.97% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -2.88% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.78% | +0.35% |
Volatility
TCBT.DE vs. D5BG.DE - Volatility Comparison
VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) and Xtrackers II EUR Corporate Bond UCITS ETF 1C (D5BG.DE) have volatilities of 1.20% and 1.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCBT.DE | D5BG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.16% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 2.72% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 3.13% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 4.49% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.64% | +0.72% |
TCBT.DE vs. D5BG.DE - Expense Ratio Comparison
TCBT.DE has a 0.15% expense ratio, which is higher than D5BG.DE's 0.12% 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. D5BG.DE - Dividend Comparison
TCBT.DE's dividend yield for the trailing twelve months is around 2.67%, while D5BG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
D5BG.DE Xtrackers II EUR Corporate Bond UCITS ETF 1C | 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 D5BG.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BG.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for TCBT.DE.
TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates, while D5BG.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.15% for TCBT.DE and 0.12% for D5BG.DE.
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