TCBT.DE vs. TDIV.AS
TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - TCBT.DE is a European Corporate Bonds fund tracking the iBoxx® SD-KPI EUR Liquid Corporates, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, TCBT.DE returned -0.18%/yr vs 17.52%/yr for TDIV.AS. At a 0.20 correlation, their price movements are largely independent. TCBT.DE charges 0.15%/yr vs 0.38%/yr for TDIV.AS.
Performance
TCBT.DE vs. TDIV.AS - 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 TDIV.AS's 9.89% 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*
- —
TDIV.AS
- 1D
- 0.25%
- 1M
- -0.12%
- YTD
- 9.89%
- 6M
- 12.76%
- 1Y
- 25.51%
- 3Y*
- 19.97%
- 5Y*
- 17.52%
- 10Y*
- 12.02%
TCBT.DE vs. TDIV.AS - 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% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.89% | 24.40% | 15.98% | 10.91% | 16.18% | 27.85% | -10.17% | 20.97% | -2.69% |
Correlation
The correlation between TCBT.DE and TDIV.AS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.20 |
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Return for Risk
TCBT.DE vs. TDIV.AS — Risk / Return Rank
TCBT.DE
TDIV.AS
TCBT.DE vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.51 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 7.19 | -6.79 |
| Martin ratioReturn relative to average drawdown | 1.19 | 19.93 | -18.74 |
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 | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 2.79 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 1.43 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.84 | -0.66 |
Drawdowns
TCBT.DE vs. TDIV.AS - Drawdown Comparison
The maximum TCBT.DE drawdown since its inception was -16.90%, smaller than the maximum TDIV.AS drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for TCBT.DE and TDIV.AS.
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Drawdown Indicators
| TCBT.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -36.06% | +19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -3.51% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -15.26% | +11.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | -15.26% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -2.09% | -1.99% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -3.93% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.26% | -0.13% |
Volatility
TCBT.DE vs. TDIV.AS - Volatility Comparison
The current volatility for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) is 1.20%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a volatility of 2.38%. This indicates that TCBT.DE experiences smaller price fluctuations and is considered to be less risky than TDIV.AS 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 | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.38% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 6.65% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 9.06% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 12.07% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 14.31% | -8.95% |
TCBT.DE vs. TDIV.AS - Expense Ratio Comparison
TCBT.DE has a 0.15% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
TCBT.DE vs. TDIV.AS - Dividend Comparison
TCBT.DE's dividend yield for the trailing twelve months is around 2.67%, less than TDIV.AS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% | 0.00% | 0.00% | 0.00% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
TCBT.DE and TDIV.AS have a correlation of 0.26, 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 0.38% for TDIV.AS.
TCBT.DE is categorized as European Corporate Bonds, while TDIV.AS is Global Equity Income. TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Their fees differ too: 0.15% for TCBT.DE and 0.38% for TDIV.AS.
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