4GLD.DE vs. GC=F
4GLD.DE (Xetra-Gold) is Gold fund tracking the LBMA Gold Price, while GC=F (Gold Futures) is an asset. Over the past 10 years, 4GLD.DE returned 11.80%/yr vs 12.06%/yr for GC=F. Their correlation of 0.84 means they have usually moved in the same direction.
Performance
4GLD.DE vs. GC=F - Performance Comparison
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Different Trading Currencies
4GLD.DE is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F 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 -1.47% return, which is significantly lower than GC=F's 2.25% return. Both investments have delivered pretty close results over the past 10 years, with 4GLD.DE having a 11.80% annualized return and GC=F not far ahead at 12.06%.
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%
GC=F
- 1D
- 5.99%
- 1M
- 3.70%
- 6M
- -9.67%
- YTD
- 2.25%
- 1Y
- 28.84%
- 3Y*
- 28.81%
- 5Y*
- 20.27%
- 10Y*
- 12.06%
- ALL TIME*
- 10.65%
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 |
GC=F Gold Futures | €44.16M | €20.79M | €15.76M |
4GLD.DE vs. GC=F - 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% |
GC=F Gold Futures | 2.25% | 45.00% | 35.90% | 9.94% | 5.74% | 3.76% | 14.32% | 21.55% | 2.45% | -0.37% |
Correlation
The correlation between 4GLD.DE and GC=F is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.85 |
The correlation between 4GLD.DE and GC=F has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
4GLD.DE vs. GC=F — Risk / Return Rank
4GLD.DE
GC=F
4GLD.DE vs. GC=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Gold Futures (GC=F). 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 | GC=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.25 | -0.09 |
| Martin ratioReturn relative to average drawdown | 2.45 | 2.71 | -0.26 |
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Drawdowns
4GLD.DE vs. GC=F - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, roughly equal to the maximum GC=F drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and GC=F.
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Drawdown Indicators
| 4GLD.DE | GC=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -36.91% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.49% | -23.09% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.49% | -23.09% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -23.09% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -23.09% | +0.60% |
Current DrawdownCurrent decline from peak | -18.48% | -16.86% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -11.78% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.69% | 10.68% | +0.01% |
Volatility
4GLD.DE vs. GC=F - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 7.30%, while Gold Futures (GC=F) has a volatility of 8.34%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than GC=F 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 | GC=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 8.34% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.57% | 19.67% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 27.83% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 18.03% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 16.04% | -1.43% |
Frequently Asked Questions
With a correlation of 0.91, 4GLD.DE and GC=F move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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