TGBT.DE vs. VGEA.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10 while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.91 suggests significant overlap in exposure. TGBT.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
TGBT.DE vs. VGEA.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 VGEA.DE's 0.11% 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*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
TGBT.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 4.10% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between TGBT.DE and VGEA.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.91 |
The correlation between TGBT.DE and VGEA.DE shifts across timeframes, from 0.80 (1 year) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGBT.DE vs. VGEA.DE — Risk / Return Rank
TGBT.DE
VGEA.DE
TGBT.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.01 | +0.12 |
| Martin ratioReturn relative to average drawdown | 0.29 | -0.04 | +0.33 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.01 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.35 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.10 | 0.00 |
Drawdowns
TGBT.DE vs. VGEA.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, roughly equal to the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and VGEA.DE.
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Drawdown Indicators
| TGBT.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -22.34% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.44% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -4.00% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -21.47% | +0.35% |
Current DrawdownCurrent decline from peak | -11.91% | -13.91% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -10.30% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.33% | -0.07% |
Volatility
TGBT.DE vs. VGEA.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.67% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 3.62% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 4.33% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 6.39% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 5.86% | -0.19% |
TGBT.DE vs. VGEA.DE - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, 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. VGEA.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGBT.DE and VGEA.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for TGBT.DE.
TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.15% for TGBT.DE and 0.07% for VGEA.DE.
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