4GLD.DE vs. EL4A.DE
4GLD.DE (Xetra-Gold) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.59%/yr vs 9.42%/yr for EL4A.DE. At a correlation of -0.02, they often move in opposite directions. 4GLD.DE charges 0.00%/yr vs 0.15%/yr for EL4A.DE.
Performance
4GLD.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a 0.25% return, which is significantly lower than EL4A.DE's 1.14% return. Over the past 10 years, 4GLD.DE has outperformed EL4A.DE with an annualized return of 12.59%, while EL4A.DE has yielded a comparatively lower 9.42% annualized return.
4GLD.DE
- 1D
- 2.95%
- 1M
- -4.05%
- YTD
- 0.25%
- 6M
- 2.33%
- 1Y
- 26.79%
- 3Y*
- 27.91%
- 5Y*
- 19.59%
- 10Y*
- 12.59%
EL4A.DE
- 1D
- 1.07%
- 1M
- 3.92%
- YTD
- 1.14%
- 6M
- 2.62%
- 1Y
- 5.35%
- 3Y*
- 14.41%
- 5Y*
- 9.04%
- 10Y*
- 9.42%
4GLD.DE vs. EL4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.25% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
EL4A.DE Deka DAX UCITS ETF | 1.14% | 22.57% | 18.09% | 19.52% | -12.75% | 15.19% | 3.01% | 24.61% | -18.58% | 12.49% |
Correlation
The correlation between 4GLD.DE and EL4A.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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | -0.02 |
The correlation between 4GLD.DE and EL4A.DE shifts across timeframes, from -0.02 (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. EL4A.DE — Risk / Return Rank
4GLD.DE
EL4A.DE
4GLD.DE vs. EL4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Deka DAX UCITS ETF (EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.43 | +0.80 |
| Martin ratioReturn relative to average drawdown | 3.72 | 1.34 | +2.37 |
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Drawdowns
4GLD.DE vs. EL4A.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and EL4A.DE.
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Drawdown Indicators
| 4GLD.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -46.64% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -12.36% | -9.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -15.89% | -5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -26.76% | +5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -38.68% | +16.95% |
Current DrawdownCurrent decline from peak | -17.06% | -2.44% | -14.62% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -8.88% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 3.97% | +3.22% |
Volatility
4GLD.DE vs. EL4A.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 7.32% compared to Deka DAX UCITS ETF (EL4A.DE) at 4.42%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than EL4A.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 | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 4.42% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 13.11% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 16.23% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 17.22% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 18.33% | -3.76% |
4GLD.DE vs. EL4A.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than EL4A.DE's 0.15% 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. EL4A.DE - Dividend Comparison
Neither 4GLD.DE nor EL4A.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
Frequently Asked Questions
4GLD.DE and EL4A.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 0.15% for EL4A.DE.
4GLD.DE is categorized as Gold, while EL4A.DE is Europe Equities. 4GLD.DE tracks LBMA Gold Price, while EL4A.DE tracks DAX®. They also come from different issuers: Deutsche Börse Commodities and Deka. Their fees differ too: 0.00% for 4GLD.DE and 0.15% for EL4A.DE.
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