TGBT.DE vs. VVMX.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - TGBT.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10, while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, TGBT.DE returned 2.64%/yr vs 3.35%/yr for VVMX.DE. At a 0.03 correlation, their price movements are largely independent. TGBT.DE charges 0.15%/yr vs 0.59%/yr for VVMX.DE.
Performance
TGBT.DE vs. VVMX.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 VVMX.DE's 30.24% 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*
- —
VVMX.DE
- 1D
- -1.82%
- 1M
- -10.31%
- YTD
- 30.24%
- 6M
- 34.99%
- 1Y
- 147.14%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
TGBT.DE vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -0.78% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 17.29% |
Correlation
The correlation between TGBT.DE and VVMX.DE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.03 |
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Return for Risk
TGBT.DE vs. VVMX.DE — Risk / Return Rank
TGBT.DE
VVMX.DE
TGBT.DE vs. VVMX.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 Rare Earth and Strategic Metals UCITS ETF A (VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.44 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 7.59 | -7.48 |
| Martin ratioReturn relative to average drawdown | 0.29 | 19.66 | -19.37 |
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 | VVMX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 3.36 | -3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.02 | -0.11 |
Drawdowns
TGBT.DE vs. VVMX.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, smaller than the maximum VVMX.DE drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and VVMX.DE.
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Drawdown Indicators
| TGBT.DE | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -73.26% | +51.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -20.40% | +17.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -61.55% | +57.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | — | — |
Current DrawdownCurrent decline from peak | -11.91% | -25.51% | +13.60% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -41.23% | +32.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 7.89% | -6.63% |
Volatility
TGBT.DE vs. VVMX.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a volatility of 12.59%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 12.59% | -11.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 32.22% | -28.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 46.13% | -41.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 36.38% | -30.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 36.38% | -30.71% |
TGBT.DE vs. VVMX.DE - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
TGBT.DE vs. VVMX.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, while VVMX.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% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGBT.DE and VVMX.DE have a correlation of 0.10, 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 0.59% for VVMX.DE.
TGBT.DE is categorized as European Government Bonds, while VVMX.DE is Commodity Producers Equities. TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. Their fees differ too: 0.15% for TGBT.DE and 0.59% for VVMX.DE.
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