TGBT.DE vs. TSWE.AS
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and TSWE.AS (VanEck Sustainable World Equal Weight 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 TSWE.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs 11.63%/yr for TSWE.AS. At a 0.08 correlation, their price movements are largely independent. TGBT.DE charges 0.15%/yr vs 0.20%/yr for TSWE.AS.
Performance
TGBT.DE vs. TSWE.AS - 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 TSWE.AS's 13.44% 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*
- —
TSWE.AS
- 1D
- -0.05%
- 1M
- 4.48%
- YTD
- 13.44%
- 6M
- 15.08%
- 1Y
- 25.52%
- 3Y*
- 17.00%
- 5Y*
- 11.63%
- 10Y*
- 11.95%
TGBT.DE vs. TSWE.AS - 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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 13.44% | 13.10% | 17.22% | 16.38% | -13.18% | 29.50% | 5.58% | 26.46% | -3.82% |
Correlation
The correlation between TGBT.DE and TSWE.AS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.08 |
Over the past year, TGBT.DE and TSWE.AS have become more correlated (0.34) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
TGBT.DE vs. TSWE.AS — Risk / Return Rank
TGBT.DE
TSWE.AS
TGBT.DE vs. TSWE.AS - 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 Sustainable World Equal Weight UCITS ETF (TSWE.AS). 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 | TSWE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.36 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.12 | -3.01 |
| Martin ratioReturn relative to average drawdown | 0.29 | 12.24 | -11.95 |
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 | TSWE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 1.96 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.84 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.73 | -0.82 |
Drawdowns
TGBT.DE vs. TSWE.AS - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, smaller than the maximum TSWE.AS drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and TSWE.AS.
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Drawdown Indicators
| TGBT.DE | TSWE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -33.67% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -7.97% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -19.53% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -19.53% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.67% | — |
Current DrawdownCurrent decline from peak | -11.91% | -0.24% | -11.67% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -4.82% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.05% | -0.79% |
Volatility
TGBT.DE vs. TSWE.AS - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 3.17%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than TSWE.AS 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 | TSWE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.17% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 9.93% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 12.75% | -8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 13.65% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 14.93% | -9.26% |
TGBT.DE vs. TSWE.AS - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is lower than TSWE.AS's 0.20% 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. TSWE.AS - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, more than TSWE.AS's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 1.83% | 1.94% | 2.18% | 2.23% | 2.38% | 1.64% | 1.88% | 2.34% | 2.45% | 2.09% | 1.85% | 1.87% |
Frequently Asked Questions
TGBT.DE and TSWE.AS have a correlation of 0.34, 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 0.20% for TSWE.AS.
TGBT.DE is categorized as European Government Bonds, while TSWE.AS is Global Equities. TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while TSWE.AS tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for TGBT.DE and 0.20% for TSWE.AS.
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