TGBT.DE vs. BTC-USD
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) is European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, TGBT.DE returned -2.05%/yr vs 12.64%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
TGBT.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
TGBT.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, TGBT.DE achieves a -0.51% return, which is significantly higher than BTC-USD's -26.25% return.
TGBT.DE
- 1D
- 0.11%
- 1M
- 0.02%
- YTD
- -0.51%
- 6M
- 0.56%
- 1Y
- 0.78%
- 3Y*
- 2.64%
- 5Y*
- -2.05%
- 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%
TGBT.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -2.64% | 3.34% | 5.03% | 0.26% |
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 TGBT.DE and BTC-USD is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.01 |
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Return for Risk
TGBT.DE vs. BTC-USD — Risk / Return Rank
TGBT.DE
BTC-USD
TGBT.DE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.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.
| TGBT.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.87 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.76 | +0.87 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.35 | +1.63 |
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
| TGBT.DE | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.90 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.23 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 1.14 | -1.23 |
Drawdowns
TGBT.DE vs. BTC-USD - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and BTC-USD.
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Drawdown Indicators
| TGBT.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -83.05% | +61.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -49.93% | +46.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -49.93% | +46.37% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -73.60% | +52.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -11.91% | -48.40% | +36.49% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -39.96% | +30.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 33.81% | -32.55% |
Volatility
TGBT.DE vs. BTC-USD - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while Bitcoin (BTC-USD) has a volatility of 10.12%. This indicates that TGBT.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
| TGBT.DE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 10.12% | -8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 34.33% | -30.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 35.37% | -30.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 45.05% | -38.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 55.99% | -50.32% |
Frequently Asked Questions
TGBT.DE and BTC-USD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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