4GLD.DE vs. ESGP.DE
4GLD.DE (Xetra-Gold) and ESGP.DE (Gold Miners Screened UCITS ETF) are both Gold funds - 4GLD.DE tracks the LBMA Gold Price while ESGP.DE tracks the VettaFi Gold Miners Screened Index. Both are passively managed. Over the past 3 years, 4GLD.DE returned 26.67%/yr vs 10.79%/yr for ESGP.DE. At a 0.19 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.60%/yr for ESGP.DE.
Performance
4GLD.DE vs. ESGP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -5.42% return, which is significantly lower than ESGP.DE's 11.07% return.
4GLD.DE
- 1D
- -0.72%
- 1M
- -5.66%
- 6M
- -11.04%
- YTD
- -5.42%
- 1Y
- 23.40%
- 3Y*
- 26.67%
- 5Y*
- 18.21%
- 10Y*
- 11.41%
ESGP.DE
- 1D
- 0.00%
- 1M
- 3.62%
- 6M
- 9.14%
- YTD
- 11.07%
- 1Y
- 15.42%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
4GLD.DE vs. ESGP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -5.42% | 49.32% | 34.57% | 9.33% | 7.12% | 4.22% |
ESGP.DE Gold Miners Screened UCITS ETF | 11.07% | 5.79% | 12.94% | 2.10% | -2.36% | 2.90% |
Correlation
The correlation between 4GLD.DE and ESGP.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.19 |
The correlation between 4GLD.DE and ESGP.DE shifts across timeframes, from 0.19 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. ESGP.DE — Risk / Return Rank
4GLD.DE
ESGP.DE
4GLD.DE vs. ESGP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Gold Miners Screened UCITS ETF (ESGP.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 | ESGP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.45 | -1.40 |
| Martin ratioReturn relative to average drawdown | 2.50 | 6.94 | -4.44 |
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Drawdowns
4GLD.DE vs. ESGP.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than ESGP.DE's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and ESGP.DE.
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Drawdown Indicators
| 4GLD.DE | ESGP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -20.50% | -16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -22.17% | -6.31% | -15.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.17% | -20.50% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.17% | — | — |
Current DrawdownCurrent decline from peak | -21.75% | 0.00% | -21.75% |
Average DrawdownAverage peak-to-trough decline | -12.07% | -5.23% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 2.23% | +7.10% |
Volatility
4GLD.DE vs. ESGP.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.54% compared to Gold Miners Screened UCITS ETF (ESGP.DE) at 2.19%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than ESGP.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 | ESGP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 2.19% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 21.13% | 9.02% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 11.58% | +12.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 14.44% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 14.44% | +0.07% |
4GLD.DE vs. ESGP.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than ESGP.DE's 0.60% expense ratio.
Dividends
4GLD.DE vs. ESGP.DE - Dividend Comparison
Neither 4GLD.DE nor ESGP.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and ESGP.DE have a correlation of 0.39, 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 0.60% for ESGP.DE.
4GLD.DE tracks LBMA Gold Price, while ESGP.DE tracks VettaFi Gold Miners Screened Index. They also come from different issuers: Deutsche Börse Commodities and HANetf. Their fees differ too: 0.00% for 4GLD.DE and 0.60% for ESGP.DE.
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