4GLD.DE vs. G2X.DE
4GLD.DE (Xetra-Gold) and G2X.DE (VanEck Gold Miners UCITS ETF) are both Gold funds - 4GLD.DE tracks the LBMA Gold Price while G2X.DE tracks the NYSE Arca Gold Miners. Both are passively managed. Over the past 10 years, 4GLD.DE returned 11.41%/yr vs 11.77%/yr for G2X.DE. A 0.71 correlation means they provide meaningful diversification when combined. 4GLD.DE charges 0.00%/yr vs 0.53%/yr for G2X.DE.
Performance
4GLD.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -5.56% return, which is significantly higher than G2X.DE's -11.01% return. Both investments have delivered pretty close results over the past 10 years, with 4GLD.DE having a 11.41% annualized return and G2X.DE not far ahead at 11.77%.
4GLD.DE
- 1D
- 0.16%
- 1M
- -8.84%
- YTD
- -5.56%
- 6M
- -7.28%
- 1Y
- 23.59%
- 3Y*
- 26.05%
- 5Y*
- 18.84%
- 10Y*
- 11.41%
G2X.DE
- 1D
- 1.65%
- 1M
- -10.93%
- YTD
- -11.01%
- 6M
- -12.66%
- 1Y
- 51.56%
- 3Y*
- 35.98%
- 5Y*
- 19.83%
- 10Y*
- 11.77%
4GLD.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -5.56% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
G2X.DE VanEck Gold Miners UCITS ETF | -11.01% | 131.10% | 17.58% | 5.59% | -0.03% | -4.26% | 13.26% | 40.99% | -4.38% | -5.31% |
Correlation
The correlation between 4GLD.DE and G2X.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 27, 2015 | 0.71 |
The correlation between 4GLD.DE and G2X.DE has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
4GLD.DE vs. G2X.DE — Risk / Return Rank
4GLD.DE
G2X.DE
4GLD.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and VanEck Gold Miners UCITS ETF (G2X.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 | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.53 | -0.47 |
| Martin ratioReturn relative to average drawdown | 2.97 | 3.96 | -0.99 |
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Drawdowns
4GLD.DE vs. G2X.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and G2X.DE.
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Drawdown Indicators
| 4GLD.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -46.04% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -21.99% | -33.45% | +11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | -33.45% | +11.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -38.53% | +16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.99% | -46.04% | +24.05% |
Current DrawdownCurrent decline from peak | -21.86% | -31.07% | +9.21% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -19.97% | +7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 12.98% | -5.06% |
Volatility
4GLD.DE vs. G2X.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 8.02%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 16.82%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than G2X.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 | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 16.82% | -8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 36.36% | -15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 44.53% | -20.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 33.65% | -17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.46% | 32.43% | -17.97% |
4GLD.DE vs. G2X.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
4GLD.DE vs. G2X.DE - Dividend Comparison
Neither 4GLD.DE nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and G2X.DE have a correlation of 0.79, 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 0.53% for G2X.DE.
4GLD.DE tracks LBMA Gold Price, while G2X.DE tracks NYSE Arca Gold Miners. They also come from different issuers: Deutsche Börse Commodities and VanEck. Their fees differ too: 0.00% for 4GLD.DE and 0.53% for G2X.DE.
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