4GLD.DE vs. G2XJ.DE
4GLD.DE (Xetra-Gold) and G2XJ.DE (VanEck Junior Gold Miners UCITS) are both Gold funds - 4GLD.DE tracks the LBMA Gold Price while G2XJ.DE tracks the MVIS Global Junior Gold Miners. Both are passively managed. Over the past 10 years, 4GLD.DE returned 11.80%/yr vs 9.31%/yr for G2XJ.DE. Their 0.69 correlation means they have sometimes moved together and sometimes differently. 4GLD.DE charges 0.00%/yr vs 0.55%/yr for G2XJ.DE.
Performance
4GLD.DE vs. G2XJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -1.47% return, which is significantly higher than G2XJ.DE's -4.54% return. Over the past 10 years, 4GLD.DE has outperformed G2XJ.DE with an annualized return of 11.80%, while G2XJ.DE has yielded a comparatively lower 9.31% annualized return.
4GLD.DE
- 1D
- 4.13%
- 1M
- 1.45%
- 6M
- -11.57%
- YTD
- -1.47%
- 1Y
- 26.22%
- 3Y*
- 27.99%
- 5Y*
- 19.75%
- 10Y*
- 11.80%
- ALL TIME*
- 10.04%
G2XJ.DE
- 1D
- 8.61%
- 1M
- 5.02%
- 6M
- -11.56%
- YTD
- -4.54%
- 1Y
- 64.08%
- 3Y*
- 46.12%
- 5Y*
- 22.86%
- 10Y*
- 9.31%
- ALL TIME*
- 14.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
4GLD.DE Xetra-Gold | €13.71M | €14.44M | €17.87M |
| €1.92M | €2.07M | €3.05M |
4GLD.DE vs. G2XJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -1.47% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
G2XJ.DE VanEck Junior Gold Miners UCITS | -4.54% | 149.58% | 21.45% | 3.64% | -6.11% | -15.53% | 18.76% | 43.16% | -8.98% | -10.97% |
Correlation
The correlation between 4GLD.DE and G2XJ.DE is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 27, 2015 | 0.69 |
The correlation between 4GLD.DE and G2XJ.DE shifts across timeframes, from 0.69 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. G2XJ.DE — Risk / Return Rank
4GLD.DE
G2XJ.DE
4GLD.DE vs. G2XJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and VanEck Junior Gold Miners UCITS (G2XJ.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 | G2XJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.67 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.45 | 3.52 | -1.07 |
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Drawdowns
4GLD.DE vs. G2XJ.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum G2XJ.DE drawdown of -49.96%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and G2XJ.DE.
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Drawdown Indicators
| 4GLD.DE | G2XJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -49.96% | +13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -22.49% | -38.10% | +15.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.49% | -38.10% | +15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -40.81% | +18.32% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -49.96% | +27.47% |
Current DrawdownCurrent decline from peak | -18.48% | -26.59% | +8.11% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -25.38% | +13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.69% | 18.17% | -7.48% |
Volatility
4GLD.DE vs. G2XJ.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 7.30%, while VanEck Junior Gold Miners UCITS (G2XJ.DE) has a volatility of 17.29%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than G2XJ.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 | G2XJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 17.29% | -9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.57% | 40.32% | -21.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 52.18% | -27.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 38.42% | -21.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 38.10% | -23.49% |
4GLD.DE vs. G2XJ.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than G2XJ.DE's 0.55% expense ratio.
Dividends
4GLD.DE vs. G2XJ.DE - Dividend Comparison
Neither 4GLD.DE nor G2XJ.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and G2XJ.DE have a correlation of 0.82, 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 0.55% for G2XJ.DE.
4GLD.DE tracks LBMA Gold Price, while G2XJ.DE tracks MVIS Global Junior Gold Miners. They also come from different issuers: Deutsche Börse Commodities and VanEck. Their fees differ too: 0.00% for 4GLD.DE and 0.55% for G2XJ.DE.
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