TGBT.DE vs. VVSM.DE
TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) and VVSM.DE (VanEck Semiconductor 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 VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, TGBT.DE returned -2.05%/yr vs 38.05%/yr for VVSM.DE. At a 0.05 correlation, their price movements are largely independent. TGBT.DE charges 0.15%/yr vs 0.35%/yr for VVSM.DE.
Performance
TGBT.DE vs. VVSM.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 VVSM.DE's 86.02% 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*
- —
VVSM.DE
- 1D
- -2.77%
- 1M
- 17.60%
- YTD
- 86.02%
- 6M
- 84.42%
- 1Y
- 162.55%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
TGBT.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -2.64% | 0.10% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between TGBT.DE and VVSM.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.05 |
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Return for Risk
TGBT.DE vs. VVSM.DE — Risk / Return Rank
TGBT.DE
VVSM.DE
TGBT.DE vs. VVSM.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 Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -5.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.68 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 14.16 | -14.06 |
| Martin ratioReturn relative to average drawdown | 0.29 | 48.94 | -48.65 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 5.17 | -5.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 1.21 | -1.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 1.24 | -1.33 |
Drawdowns
TGBT.DE vs. VVSM.DE - Drawdown Comparison
The maximum TGBT.DE drawdown since its inception was -21.36%, smaller than the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for TGBT.DE and VVSM.DE.
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Drawdown Indicators
| TGBT.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -37.64% | +16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -11.65% | +8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -37.53% | +33.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -37.64% | +16.52% |
Current DrawdownCurrent decline from peak | -11.91% | -2.77% | -9.14% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -10.22% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 3.38% | -2.12% |
Volatility
TGBT.DE vs. VVSM.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) is 1.55%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that TGBT.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 12.04% | -10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 24.35% | -20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 31.92% | -27.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 31.15% | -24.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 30.81% | -25.14% |
TGBT.DE vs. VVSM.DE - Expense Ratio Comparison
TGBT.DE has a 0.15% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
TGBT.DE vs. VVSM.DE - Dividend Comparison
TGBT.DE's dividend yield for the trailing twelve months is around 1.95%, while VVSM.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% |
VVSM.DE VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGBT.DE and VVSM.DE have a correlation of 0.11, 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 0.35% for VVSM.DE.
TGBT.DE is categorized as European Government Bonds, while VVSM.DE is Semiconductors. TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. Their fees differ too: 0.15% for TGBT.DE and 0.35% for VVSM.DE.
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