4GLD.DE vs. FCX

Last updated Jun 13, 2026

4GLD.DE (Xetra-Gold) is Gold fund tracking the LBMA Gold Price, while FCX (Freeport-McMoRan Inc.) is a stock. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs 21.73%/yr for FCX. At a 0.13 correlation, their price movements are largely independent.

Performance

4GLD.DE vs. FCX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xetra-Gold (4GLD.DE) and Freeport-McMoRan Inc. (FCX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

4GLD.DE is traded in EUR, while FCX is traded in USD. To make them comparable, the FCX 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 -2.63% return, which is significantly lower than FCX's 37.41% return. Over the past 10 years, 4GLD.DE has underperformed FCX with an annualized return of 12.28%, while FCX has yielded a comparatively higher 21.73% annualized return.

4GLD.DE

• 1D: 2.93%
• 1M: -9.07%
• YTD: -2.63%
• 6M: -0.59%
• 1Y: 24.49%
• 3Y*: 26.47%
• 5Y*: 18.62%
• 10Y*: 12.28%

FCX

• 1D: 3.20%
• 1M: 3.15%
• YTD: 37.41%
• 6M: 47.21%
• 1Y: 68.35%
• 3Y*: 18.59%
• 5Y*: 13.29%
• 10Y*: 21.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

4GLD.DE vs. FCX - 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%
FCX Freeport-McMoRan Inc.	37.41%	19.34%	-3.43%	10.28%	-2.20%	73.48%	82.65%	32.52%	-42.53%	26.08%

Correlation

The correlation between 4GLD.DE and FCX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009	0.13

Over the past year, 4GLD.DE and FCX have become more correlated (0.43) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

4GLD.DE vs. FCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

4GLD.DE

4GLD.DE Risk / Return Rank: 30
4GLD.DE Sharpe Ratio Rank: 32
4GLD.DE Sortino Ratio Rank: 29
4GLD.DE Omega Ratio Rank: 34
4GLD.DE Calmar Ratio Rank: 26
4GLD.DE Martin Ratio Rank: 28

FCX

FCX Risk / Return Rank: 79
FCX Sharpe Ratio Rank: 82
FCX Sortino Ratio Rank: 73
FCX Omega Ratio Rank: 76
FCX Calmar Ratio Rank: 82
FCX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

4GLD.DE vs. FCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Freeport-McMoRan Inc. (FCX). 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	FCX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.46	-0.43
Sortino ratio: Return per unit of downside risk	1.43	1.84	-0.41
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.12	2.79	-1.66
Martin ratio: Return relative to average drawdown	3.41	7.24	-3.83

4GLD.DE vs. FCX - Sharpe Ratio Comparison

The current 4GLD.DE Sharpe Ratio is 1.03, which is comparable to the FCX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of 4GLD.DE and FCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

4GLD.DE vs. FCX - Drawdown Comparison

The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum FCX drawdown of -91.04%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and FCX.

Drawdown Indicators

	4GLD.DE	FCX	Difference
Max Drawdown Largest peak-to-trough decline	-36.79%	-91.04%	+54.25%
Max Drawdown (1Y) Largest decline over 1 year	-21.73%	-24.65%	+2.92%
Max Drawdown (3Y) Largest decline over 3 years	-21.73%	-46.84%	+25.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.73%	-46.84%	+25.11%
Max Drawdown (10Y) Largest decline over 10 years	-21.73%	-69.67%	+47.94%
Current Drawdown Current decline from peak	-19.44%	-4.10%	-15.34%
Average Drawdown Average peak-to-trough decline	-12.03%	-41.40%	+29.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.11%	9.46%	-2.35%

Volatility

4GLD.DE vs. FCX - Volatility Comparison

The current volatility for Xetra-Gold (4GLD.DE) is 6.93%, while Freeport-McMoRan Inc. (FCX) has a volatility of 17.16%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	4GLD.DE	FCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	17.16%	-10.23%
Volatility (6M) Calculated over the trailing 6-month period	20.81%	35.90%	-15.09%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	47.02%	-23.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	43.19%	-26.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	47.50%	-32.94%

Dividends

4GLD.DE vs. FCX - Dividend Comparison

4GLD.DE has not paid dividends to shareholders, while FCX's dividend yield for the trailing twelve months is around 0.88%.

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%
FCX Freeport-McMoRan Inc.	0.88%	1.18%	1.58%	1.41%	0.99%	0.54%	0.19%	1.52%	1.45%	0.00%	0.00%	8.46%

Frequently Asked Questions

Can I hold both 4GLD.DE and FCX in my portfolio?

4GLD.DE and FCX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.