4GLD.DE vs. DBXJ.DE
4GLD.DE (Xetra-Gold) and DBXJ.DE (Xtrackers MSCI Japan UCITS ETF 1C) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while DBXJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs 9.48%/yr for DBXJ.DE. At a 0.10 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.12%/yr for DBXJ.DE.
Performance
4GLD.DE vs. DBXJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -2.63% return, which is significantly lower than DBXJ.DE's 16.18% return. Over the past 10 years, 4GLD.DE has outperformed DBXJ.DE with an annualized return of 12.28%, while DBXJ.DE has yielded a comparatively lower 9.48% annualized return.
4GLD.DE
- 1D
- 2.93%
- 1M
- -6.80%
- YTD
- -2.63%
- 6M
- -0.59%
- 1Y
- 23.16%
- 3Y*
- 26.47%
- 5Y*
- 18.62%
- 10Y*
- 12.28%
DBXJ.DE
- 1D
- 2.38%
- 1M
- 2.01%
- YTD
- 16.18%
- 6M
- 16.53%
- 1Y
- 31.80%
- 3Y*
- 14.18%
- 5Y*
- 9.91%
- 10Y*
- 9.48%
4GLD.DE vs. DBXJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -2.63% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
DBXJ.DE Xtrackers MSCI Japan UCITS ETF 1C | 16.18% | 12.58% | 13.75% | 16.43% | -12.41% | 9.99% | 5.08% | 21.75% | -9.54% | 9.08% |
Correlation
The correlation between 4GLD.DE and DBXJ.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.10 |
The correlation between 4GLD.DE and DBXJ.DE shifts across timeframes, from 0.08 (10 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. DBXJ.DE — Risk / Return Rank
4GLD.DE
DBXJ.DE
4GLD.DE vs. DBXJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 4GLD.DE | DBXJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 3.05 | -1.93 |
| Martin ratioReturn relative to average drawdown | 3.41 | 9.98 | -6.56 |
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Drawdowns
4GLD.DE vs. DBXJ.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum DBXJ.DE drawdown of -51.22%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and DBXJ.DE.
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Drawdown Indicators
| 4GLD.DE | DBXJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -51.22% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -10.21% | -11.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -16.95% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -19.01% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -28.04% | +6.31% |
Current DrawdownCurrent decline from peak | -19.44% | -1.09% | -18.35% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -14.61% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 3.13% | +3.98% |
Volatility
4GLD.DE vs. DBXJ.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.DE) at 4.45%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than DBXJ.DE 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 | DBXJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 4.45% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 15.27% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 19.03% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 16.64% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 16.38% | -1.82% |
4GLD.DE vs. DBXJ.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than DBXJ.DE's 0.12% 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. DBXJ.DE - Dividend Comparison
Neither 4GLD.DE nor DBXJ.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and DBXJ.DE have a correlation of 0.21, 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 0.12% for DBXJ.DE.
4GLD.DE is categorized as Gold, while DBXJ.DE is Japan Equities. 4GLD.DE tracks LBMA Gold Price, while DBXJ.DE tracks MSCI Japan. They also come from different issuers: Deutsche Börse Commodities and Xtrackers. Their fees differ too: 0.00% for 4GLD.DE and 0.12% for DBXJ.DE.
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