TCBT.DE vs. TSWE.AS
TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) and TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) are both exchange-traded funds - TCBT.DE is a European Corporate Bonds fund tracking the iBoxx® SD-KPI EUR Liquid Corporates, while TSWE.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, TCBT.DE returned -0.18%/yr vs 11.63%/yr for TSWE.AS. At a 0.29 correlation, their price movements are largely independent. TCBT.DE charges 0.15%/yr vs 0.20%/yr for TSWE.AS.
Performance
TCBT.DE vs. TSWE.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 TSWE.AS's 13.44% 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*
- —
TSWE.AS
- 1D
- -0.05%
- 1M
- 4.48%
- YTD
- 13.44%
- 6M
- 15.08%
- 1Y
- 25.52%
- 3Y*
- 17.00%
- 5Y*
- 11.63%
- 10Y*
- 11.95%
TCBT.DE vs. TSWE.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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 13.44% | 13.10% | 17.22% | 16.38% | -13.18% | 29.50% | 5.58% | 26.46% | -3.82% |
Correlation
The correlation between TCBT.DE and TSWE.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.29 |
The correlation between TCBT.DE and TSWE.AS shifts across timeframes, from 0.29 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCBT.DE vs. TSWE.AS — Risk / Return Rank
TCBT.DE
TSWE.AS
TCBT.DE vs. TSWE.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 Sustainable World Equal Weight UCITS ETF (TSWE.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 | TSWE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.36 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.12 | -2.73 |
| Martin ratioReturn relative to average drawdown | 1.19 | 12.24 | -11.05 |
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 | TSWE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.96 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.84 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.73 | -0.55 |
Drawdowns
TCBT.DE vs. TSWE.AS - Drawdown Comparison
The maximum TCBT.DE drawdown since its inception was -16.90%, smaller than the maximum TSWE.AS drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for TCBT.DE and TSWE.AS.
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Drawdown Indicators
| TCBT.DE | TSWE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -33.67% | +16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -7.97% | +4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -19.53% | +16.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.88% | -19.53% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.67% | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.24% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.82% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.05% | -0.92% |
Volatility
TCBT.DE vs. TSWE.AS - Volatility Comparison
The current volatility for VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) is 1.20%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 3.17%. This indicates that TCBT.DE experiences smaller price fluctuations and is considered to be less risky than TSWE.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 | TSWE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 3.17% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 9.93% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 12.75% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 13.65% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 14.93% | -9.57% |
TCBT.DE vs. TSWE.AS - Expense Ratio Comparison
TCBT.DE has a 0.15% expense ratio, which is lower than TSWE.AS's 0.20% expense ratio. Despite the difference, 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. TSWE.AS - Dividend Comparison
TCBT.DE's dividend yield for the trailing twelve months is around 2.67%, more than TSWE.AS's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 1.83% | 1.94% | 2.18% | 2.23% | 2.38% | 1.64% | 1.88% | 2.34% | 2.45% | 2.09% | 1.85% | 1.87% |
Frequently Asked Questions
TCBT.DE and TSWE.AS have a correlation of 0.47, 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 0.20% for TSWE.AS.
TCBT.DE is categorized as European Corporate Bonds, while TSWE.AS is Global Equities. TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates, while TSWE.AS tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for TCBT.DE and 0.20% for TSWE.AS.
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