4GLD.DE vs. BNDW
4GLD.DE (Xetra-Gold) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Both are passively managed. Over the past 5 years, 4GLD.DE returned 19.85%/yr vs 1.20%/yr for BNDW. At a 0.18 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.05%/yr for BNDW.
Performance
4GLD.DE vs. BNDW - Performance Comparison
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Different Trading Currencies
4GLD.DE is traded in EUR, while BNDW is traded in USD. To make them comparable, the BNDW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4GLD.DE achieves a 2.80% return, which is significantly higher than BNDW's 1.99% return.
4GLD.DE
- 1D
- 0.57%
- 1M
- -3.86%
- YTD
- 2.80%
- 6M
- 6.64%
- 1Y
- 31.48%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
BNDW
- 1D
- -0.21%
- 1M
- 1.77%
- YTD
- 1.99%
- 6M
- 1.31%
- 1Y
- 2.13%
- 3Y*
- 1.55%
- 5Y*
- 1.20%
- 10Y*
- —
4GLD.DE vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 8.15% |
BNDW Vanguard Total World Bond ETF | 1.99% | -7.44% | 9.18% | 3.97% | -7.48% | 5.23% | -2.54% | 10.82% | 2.61% |
Correlation
The correlation between 4GLD.DE and BNDW is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.18 |
The correlation between 4GLD.DE and BNDW shifts across timeframes, from 0.00 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. BNDW — Risk / Return Rank
4GLD.DE
BNDW
4GLD.DE vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Vanguard Total World Bond ETF (BNDW). 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.
| 4GLD.DE | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.48 | +1.34 |
| Martin ratioReturn relative to average drawdown | 4.63 | 1.32 | +3.30 |
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
| 4GLD.DE | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.37 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.15 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.24 | +0.41 |
Drawdowns
4GLD.DE vs. BNDW - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than BNDW's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and BNDW.
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Drawdown Indicators
| 4GLD.DE | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -13.02% | -23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -4.45% | -12.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -11.33% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -12.17% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | — | — |
Current DrawdownCurrent decline from peak | -14.95% | -7.25% | -7.70% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -5.77% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 1.62% | +4.90% |
Volatility
4GLD.DE vs. BNDW - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to Vanguard Total World Bond ETF (BNDW) at 1.07%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4GLD.DE | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.07% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 4.22% | +15.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 5.84% | +17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 8.07% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 7.83% | +6.54% |
4GLD.DE vs. BNDW - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than BNDW's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
4GLD.DE vs. BNDW - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while BNDW's dividend yield for the trailing twelve months is around 4.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDW Vanguard Total World Bond ETF | 4.23% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Frequently Asked Questions
4GLD.DE and BNDW have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4GLD.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.05% for BNDW.
4GLD.DE is categorized as Gold, while BNDW is Global Bonds. 4GLD.DE tracks LBMA Gold Price, while BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index. They also come from different issuers: Deutsche Börse Commodities and Vanguard. Their fees differ too: 0.00% for 4GLD.DE and 0.05% for BNDW.
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