TGBT.DE vs. G2X.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - TGBT.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs 20.05%/yr for G2X.DE. At a 0.23 correlation, their price movements are largely independent. TGBT.DE charges 0.15%/yr vs 0.53%/yr for G2X.DE.
Performance
TGBT.DE vs. G2X.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 higher than G2X.DE's -1.03% 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*
- —
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
TGBT.DE vs. G2X.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% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | 4.57% |
Correlation
The correlation between TGBT.DE and G2X.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.23 |
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Return for Risk
TGBT.DE vs. G2X.DE — Risk / Return Rank
TGBT.DE
G2X.DE
TGBT.DE vs. G2X.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 VanEck Gold Miners UCITS ETF (G2X.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 | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.18 | -2.07 |
| Martin ratioReturn relative to average drawdown | 0.29 | 5.49 | -5.20 |
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 | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 1.42 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.60 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.44 | -0.53 |
Drawdowns
TGBT.DE vs. G2X.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and G2X.DE.
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Drawdown Indicators
| TGBT.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -46.04% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -27.90% | +24.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -27.90% | +24.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -38.55% | +17.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -11.91% | -23.34% | +11.43% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -19.92% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 11.09% | -9.83% |
Volatility
TGBT.DE vs. G2X.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 13.57%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than G2X.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 | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 13.57% | -12.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 34.36% | -30.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 42.64% | -38.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 33.16% | -26.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 32.33% | -26.66% |
TGBT.DE vs. G2X.DE - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
TGBT.DE vs. G2X.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, while G2X.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
TGBT.DE and G2X.DE have a correlation of 0.28, 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 0.53% for G2X.DE.
TGBT.DE is categorized as European Government Bonds, while G2X.DE is Precious Metals. TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while G2X.DE tracks NYSE Arca Gold Miners. Their fees differ too: 0.15% for TGBT.DE and 0.53% for G2X.DE.
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