4GLD.DE vs. EDM2.DE
4GLD.DE (Xetra-Gold) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, 4GLD.DE returned 19.19%/yr vs 7.29%/yr for EDM2.DE. At a 0.12 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.18%/yr for EDM2.DE.
Performance
4GLD.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -0.02% return, which is significantly lower than EDM2.DE's 24.09% return.
4GLD.DE
- 1D
- -0.35%
- 1M
- -6.50%
- YTD
- -0.02%
- 6M
- 3.79%
- 1Y
- 27.88%
- 3Y*
- 27.05%
- 5Y*
- 19.19%
- 10Y*
- 12.76%
EDM2.DE
- 1D
- 1.87%
- 1M
- 1.49%
- YTD
- 24.09%
- 6M
- 25.04%
- 1Y
- 43.68%
- 3Y*
- 18.92%
- 5Y*
- 7.29%
- 10Y*
- —
4GLD.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -0.02% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 0.69% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 24.09% | 19.78% | 13.37% | 4.74% | -16.09% | 4.73% | 7.76% | 7.69% |
Correlation
The correlation between 4GLD.DE and EDM2.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.12 |
The correlation between 4GLD.DE and EDM2.DE shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. EDM2.DE — Risk / Return Rank
4GLD.DE
EDM2.DE
4GLD.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
| 4GLD.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.89 | -2.25 |
| Martin ratioReturn relative to average drawdown | 4.17 | 13.83 | -9.66 |
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 | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.31 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.43 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.48 | +0.19 |
Drawdowns
4GLD.DE vs. EDM2.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than EDM2.DE's maximum drawdown of -32.34%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and EDM2.DE.
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Drawdown Indicators
| 4GLD.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -32.34% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -10.86% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -19.46% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -25.47% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | -4.32% | -12.96% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -11.09% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 3.06% | +3.72% |
Volatility
4GLD.DE vs. EDM2.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 5.23%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 8.50%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 8.50% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 20.23% | 15.59% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 18.27% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 16.94% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 19.20% | -4.71% |
4GLD.DE vs. EDM2.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than EDM2.DE's 0.18% 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. EDM2.DE - Dividend Comparison
Neither 4GLD.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and EDM2.DE have a correlation of 0.25, 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 0.18% for EDM2.DE.
4GLD.DE is categorized as Gold, while EDM2.DE is Emerging Markets Equities. 4GLD.DE tracks LBMA Gold Price, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.18% for EDM2.DE.
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