TGBT.DE vs. TCBT.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates 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 TCBT.DE is a European Corporate Bonds fund tracking the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs -0.18%/yr for TCBT.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
TGBT.DE vs. TCBT.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 TCBT.DE's 0.36% 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*
- —
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
TGBT.DE vs. TCBT.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% |
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% |
Correlation
The correlation between TGBT.DE and TCBT.DE is 0.71, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.79 |
The correlation between TGBT.DE and TCBT.DE shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGBT.DE vs. TCBT.DE — Risk / Return Rank
TGBT.DE
TCBT.DE
TGBT.DE vs. TCBT.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 iBoxx EUR Corporates UCITS ETF (TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.40 | -0.29 |
| Martin ratioReturn relative to average drawdown | 0.29 | 1.19 | -0.90 |
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 | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.30 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.04 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.18 | -0.27 |
Drawdowns
TGBT.DE vs. TCBT.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, which is greater than TCBT.DE's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and TCBT.DE.
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Drawdown Indicators
| TGBT.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -16.90% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.39% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -3.39% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -16.88% | -4.24% |
Current DrawdownCurrent decline from peak | -11.91% | -2.09% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -5.10% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.13% | +0.13% |
Volatility
TGBT.DE vs. TCBT.DE - Volatility Comparison
VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) has a higher volatility of 1.55% compared to VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) at 1.20%. This indicates that TGBT.DE's price experiences larger fluctuations and is considered to be riskier than TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.20% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 4.05% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 4.46% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 5.18% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 5.36% | +0.31% |
TGBT.DE vs. TCBT.DE - Expense Ratio Comparison
Both TGBT.DE and TCBT.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. TCBT.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, less than TCBT.DE's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% |
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 TCBT.DE have a correlation of 0.71, 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 TCBT.DE have the same expense ratio: 0.15% per year.
TGBT.DE is categorized as European Government Bonds, while TCBT.DE is European Corporate Bonds. TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates.
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