TRET.DE vs. TGBT.DE
TRET.DE (VanEck Global Real Estate UCITS ETF) and TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) are both exchange-traded funds - TRET.DE is a REIT fund tracking the GPR Global 100, while TGBT.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 5 years, TRET.DE returned 3.26%/yr vs -2.05%/yr for TGBT.DE. At a 0.22 correlation, their price movements are largely independent. TRET.DE charges 0.25%/yr vs 0.15%/yr for TGBT.DE.
Performance
TRET.DE vs. TGBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.DE achieves a 5.31% return, which is significantly higher than TGBT.DE's -0.51% return.
TRET.DE
- 1D
- 0.19%
- 1M
- -1.75%
- YTD
- 5.31%
- 6M
- 4.13%
- 1Y
- 8.78%
- 3Y*
- 7.84%
- 5Y*
- 3.26%
- 10Y*
- —
TGBT.DE
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- -0.51%
- 6M
- 0.53%
- 1Y
- 0.36%
- 3Y*
- 2.64%
- 5Y*
- -2.05%
- 10Y*
- —
TRET.DE vs. TGBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRET.DE VanEck Global Real Estate UCITS ETF | 5.31% | 1.87% | 6.86% | 9.89% | -21.28% | 40.76% | -15.21% | 22.15% | -7.54% |
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% |
Correlation
The correlation between TRET.DE and TGBT.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.22 |
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Return for Risk
TRET.DE vs. TGBT.DE — Risk / Return Rank
TRET.DE
TGBT.DE
TRET.DE vs. TGBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.DE) and VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.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.
| TRET.DE | TGBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.02 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.11 | +0.94 |
| Martin ratioReturn relative to average drawdown | 3.38 | 0.29 | +3.09 |
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
| TRET.DE | TGBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.08 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.32 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.09 | +0.31 |
Drawdowns
TRET.DE vs. TGBT.DE - Drawdown Comparison
The maximum TRET.DE drawdown since its inception was -41.75%, which is greater than TGBT.DE's maximum drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for TRET.DE and TGBT.DE.
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Drawdown Indicators
| TRET.DE | TGBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -21.36% | -20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -3.32% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -3.56% | -15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -30.36% | -21.12% | -9.24% |
Current DrawdownCurrent decline from peak | -4.46% | -11.91% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -9.23% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.26% | +1.33% |
Volatility
TRET.DE vs. TGBT.DE - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.DE) has a higher volatility of 3.05% compared to VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) at 1.55%. This indicates that TRET.DE's price experiences larger fluctuations and is considered to be riskier than TGBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRET.DE | TGBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.55% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 3.94% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 4.44% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 6.38% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 5.67% | +12.16% |
TRET.DE vs. TGBT.DE - Expense Ratio Comparison
TRET.DE has a 0.25% expense ratio, which is higher than TGBT.DE's 0.15% 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
TRET.DE vs. TGBT.DE - Dividend Comparison
TRET.DE's dividend yield for the trailing twelve months is around 3.48%, more than TGBT.DE's 1.95% yield.
| 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% |
TRET.DE VanEck Global Real Estate UCITS ETF | 3.48% | 3.66% | 3.44% | 3.66% | 4.69% | 1.78% | 4.45% | 3.31% |
Frequently Asked Questions
TRET.DE and TGBT.DE have a correlation of 0.32, 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 0.25% for TRET.DE.
TRET.DE is categorized as REIT, while TGBT.DE is European Government Bonds. TRET.DE tracks GPR Global 100, while TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. Their fees differ too: 0.25% for TRET.DE and 0.15% for TGBT.DE.
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