VVSM.DE vs. TLT
VVSM.DE (VanEck Semiconductor UCITS ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, VVSM.DE returned 36.49%/yr vs -5.70%/yr for TLT. At a correlation of -0.02, they often move in opposite directions. VVSM.DE charges 0.35%/yr vs 0.15%/yr for TLT.
Performance
VVSM.DE vs. TLT - Performance Comparison
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Different Trading Currencies
VVSM.DE is traded in EUR, while TLT is traded in USD. To make them comparable, the TLT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VVSM.DE achieves a 74.38% return, which is significantly higher than TLT's 1.27% return.
VVSM.DE
- 1D
- -3.49%
- 1M
- 7.35%
- YTD
- 74.38%
- 6M
- 71.01%
- 1Y
- 143.29%
- 3Y*
- 53.03%
- 5Y*
- 36.49%
- 10Y*
- —
TLT
- 1D
- 0.54%
- 1M
- 1.37%
- YTD
- 1.27%
- 6M
- -0.31%
- 1Y
- 3.10%
- 3Y*
- -4.15%
- 5Y*
- -5.70%
- 10Y*
- -2.04%
VVSM.DE vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 74.38% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
TLT iShares 20+ Year Treasury Bond ETF | 1.27% | -8.12% | -1.98% | -0.31% | -26.97% | 2.54% | -3.62% |
Correlation
The correlation between VVSM.DE and TLT is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | -0.02 |
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Return for Risk
VVSM.DE vs. TLT — Risk / Return Rank
VVSM.DE
TLT
VVSM.DE vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| VVSM.DE | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.06 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 12.23 | 0.42 | +11.81 |
| Martin ratioReturn relative to average drawdown | 40.57 | 0.89 | +39.68 |
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
| VVSM.DE | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.35 | 0.32 | +4.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | -0.35 | +1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.22 | +0.79 |
Drawdowns
VVSM.DE vs. TLT - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, smaller than the maximum TLT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and TLT.
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Drawdown Indicators
| VVSM.DE | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -46.77% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -7.42% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -17.13% | -20.39% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -39.79% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.77% | — |
Current DrawdownCurrent decline from peak | -8.85% | -43.85% | +35.00% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -18.52% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.49% | +0.03% |
Volatility
VVSM.DE vs. TLT - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.51% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.23%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVSM.DE | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 2.23% | +11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 25.51% | 7.05% | +18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.73% | 9.71% | +23.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.32% | 16.22% | +15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.78% | 15.63% | +16.15% |
VVSM.DE vs. TLT - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
VVSM.DE vs. TLT - Dividend Comparison
VVSM.DE has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.60% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
VVSM.DE VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VVSM.DE and TLT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLT is cheaper with a 0.15% expense ratio, compared with 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while TLT is Government Bonds. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for VVSM.DE and 0.15% for TLT.
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