TGBT.DE vs. SYBG.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 5 years, TGBT.DE returned -1.81%/yr vs -4.68%/yr for SYBG.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
TGBT.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TGBT.DE achieves a 0.40% return, which is significantly lower than SYBG.DE's 1.73% return.
TGBT.DE
- 1D
- -0.08%
- 1M
- 0.73%
- YTD
- 0.40%
- 6M
- 1.13%
- 1Y
- 1.37%
- 3Y*
- 2.80%
- 5Y*
- -1.81%
- 10Y*
- —
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
TGBT.DE vs. SYBG.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 | 0.40% | 2.52% | 1.39% | 7.34% | -18.19% | -2.65% | 3.36% | 5.02% | 0.81% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.00% |
Correlation
The correlation between TGBT.DE and SYBG.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018 | 0.61 |
The correlation between TGBT.DE and SYBG.DE shifts across timeframes, from 0.59 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGBT.DE vs. SYBG.DE — Risk / Return Rank
TGBT.DE
SYBG.DE
TGBT.DE vs. SYBG.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 SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TGBT.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.33 | +0.08 |
| Martin ratioReturn relative to average drawdown | 1.03 | 0.77 | +0.26 |
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Drawdowns
TGBT.DE vs. SYBG.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.31%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and SYBG.DE.
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Drawdown Indicators
| TGBT.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -36.66% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -5.42% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.43% | -8.78% | +5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.10% | -36.25% | +15.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.66% | — |
Current DrawdownCurrent decline from peak | -11.08% | -26.43% | +15.35% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -13.42% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.08% | -0.74% |
Volatility
TGBT.DE vs. SYBG.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.48%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 1.73%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.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 | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.73% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 6.10% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 8.13% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 11.76% | -5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 13.84% | -8.14% |
TGBT.DE vs. SYBG.DE - Expense Ratio Comparison
Both TGBT.DE and SYBG.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TGBT.DE vs. SYBG.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.94%, less than SYBG.DE's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | 1.94% | 2.17% | 1.13% | 0.57% | 0.60% | 0.77% | 0.75% | 0.35% | 0.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGBT.DE and SYBG.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TGBT.DE and SYBG.DE have the same expense ratio: 0.15% per year.
TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: VanEck and State Street.
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