TGBT.DE vs. VGEB.DE

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE).

TGBT.DE and VGEB.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGBT.DE is a passively managed fund by VanEck that tracks the performance of the iBoxx® EUR Liquid Sovereigns Diversified 1-10. It was launched on Mar 9, 2011. VGEB.DE is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Euro Aggregate Treasury. It was launched on Feb 24, 2016. Both TGBT.DE and VGEB.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TGBT.DE vs. VGEB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE). The values are adjusted to include any dividend payments, if applicable.

TGBT.DE vs. VGEB.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	-0.47%	2.54%	1.35%	7.34%	-18.19%	-2.64%	3.34%	5.03%	0.26%
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	-0.52%	0.69%	1.55%	6.99%	-18.10%	-3.26%	4.75%	7.05%	0.53%

Returns By Period

In the year-to-date period, TGBT.DE achieves a -0.47% return, which is significantly higher than VGEB.DE's -0.52% return.

TGBT.DE

• 1D: 0.95%
• 1M: -1.77%
• YTD: -0.47%
• 6M: 0.35%
• 1Y: 2.19%
• 3Y*: 2.68%
• 5Y*: -2.20%
• 10Y*: —

VGEB.DE

• 1D: 0.11%
• 1M: -2.13%
• YTD: -0.52%
• 6M: -0.25%
• 1Y: 0.96%
• 3Y*: 2.09%
• 5Y*: -2.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGBT.DE vs. VGEB.DE - Expense Ratio Comparison

TGBT.DE has a 0.15% expense ratio, which is higher than VGEB.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%.

TGBT.DE

VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF

VGEB.DE

Vanguard EUR Eurozone Government Bond UCITS ETF Distributing

Return for Risk

TGBT.DE vs. VGEB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGBT.DE

TGBT.DE Risk / Return Rank: 26
TGBT.DE Sharpe Ratio Rank: 27
TGBT.DE Sortino Ratio Rank: 24
TGBT.DE Omega Ratio Rank: 24
TGBT.DE Calmar Ratio Rank: 25
TGBT.DE Martin Ratio Rank: 28

VGEB.DE

VGEB.DE Risk / Return Rank: 16
VGEB.DE Sharpe Ratio Rank: 17
VGEB.DE Sortino Ratio Rank: 15
VGEB.DE Omega Ratio Rank: 14
VGEB.DE Calmar Ratio Rank: 17
VGEB.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGBT.DE vs. VGEB.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 Distributing (VGEB.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	VGEB.DE	Difference
Sharpe ratio Return per unit of total volatility	0.55	0.25	+0.30
Sortino ratio Return per unit of downside risk	0.78	0.37	+0.41
Omega ratio Gain probability vs. loss probability	1.10	1.04	+0.06
Calmar ratio Return relative to maximum drawdown	0.71	0.34	+0.37
Martin ratio Return relative to average drawdown	2.70	1.19	+1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGBT.DE vs. VGEB.DE - Sharpe Ratio Comparison

The current TGBT.DE Sharpe Ratio is 0.55, which is higher than the VGEB.DE Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of TGBT.DE and VGEB.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGBT.DE	VGEB.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.25	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	-0.40	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	-0.05	-0.04

Correlation

The correlation between TGBT.DE and VGEB.DE is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TGBT.DE vs. VGEB.DE - Dividend Comparison

TGBT.DE's dividend yield for the trailing twelve months is around 2.36%, less than VGEB.DE's 2.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF	2.36%	2.17%	1.13%	0.57%	0.60%	0.77%	0.75%	0.35%	0.00%	0.00%
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	2.89%	2.88%	2.56%	1.96%	0.66%	0.08%	0.19%	0.74%	0.80%	0.09%

Drawdowns

TGBT.DE vs. VGEB.DE - Drawdown Comparison

The maximum TGBT.DE drawdown since its inception was -21.36%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and VGEB.DE.

Drawdown Indicators

	TGBT.DE	VGEB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.36%	-22.15%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-3.43%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-21.25%	+0.13%
Current Drawdown Current decline from peak	-11.88%	-14.21%	+2.33%
Average Drawdown Average peak-to-trough decline	-9.16%	-8.73%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.98%	-0.11%

Volatility

TGBT.DE vs. VGEB.DE - Volatility Comparison

VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) have volatilities of 1.94% and 1.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGBT.DE	VGEB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	1.89%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	2.58%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	3.78%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	6.24%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.66%	5.51%	+0.15%