TGBT.DE vs. EXHB.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both European Government Bonds funds - TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs 0.21%/yr for EXHB.DE. A 0.70 correlation means they provide meaningful diversification when combined. TGBT.DE charges 0.15%/yr vs 0.16%/yr for EXHB.DE.
Performance
TGBT.DE vs. EXHB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TGBT.DE achieves a -0.51% return, which is significantly lower than EXHB.DE's 0.01% 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*
- —
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.02%
- 1Y
- 0.58%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
TGBT.DE vs. EXHB.DE - 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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | 0.01% |
Correlation
The correlation between TGBT.DE and EXHB.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.70 |
The correlation between TGBT.DE and EXHB.DE shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGBT.DE vs. EXHB.DE — Risk / Return Rank
TGBT.DE
EXHB.DE
TGBT.DE vs. EXHB.DE - 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 iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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.
| TGBT.DE | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.36 | -0.25 |
| Martin ratioReturn relative to average drawdown | 0.29 | 1.07 | -0.78 |
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 | EXHB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.34 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.12 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.16 | -0.25 |
Drawdowns
TGBT.DE vs. EXHB.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, which is greater than EXHB.DE's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and EXHB.DE.
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Drawdown Indicators
| TGBT.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -10.06% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -1.17% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -1.17% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -6.45% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.06% | — |
Current DrawdownCurrent decline from peak | -11.91% | -2.91% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -2.72% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.40% | +0.86% |
Volatility
TGBT.DE vs. EXHB.DE - Volatility Comparison
VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) has a higher volatility of 1.55% compared to iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) at 0.49%. This indicates that TGBT.DE's price experiences larger fluctuations and is considered to be riskier than EXHB.DE 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 | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.49% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 1.12% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 1.25% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 1.72% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 1.44% | +4.23% |
TGBT.DE vs. EXHB.DE - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is lower than EXHB.DE's 0.16% 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
TGBT.DE vs. EXHB.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, more than EXHB.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | 1.95% | 2.17% | 1.13% | 0.57% | 0.60% | 0.77% | 0.75% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGBT.DE and EXHB.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGBT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGBT.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.15% for TGBT.DE and 0.16% for EXHB.DE.
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