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 13.36%/yr vs 13.31%/yr for GC=F. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
4GLD.DE vs. GC=F - Performance Comparison
Loading charts...
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 2.80% return, which is significantly lower than GC=F's 3.80% return. Both investments have delivered pretty close results over the past 10 years, with 4GLD.DE having a 13.36% annualized return and GC=F not far behind at 13.31%.
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
GC=F
- 1D
- 0.00%
- 1M
- -1.91%
- YTD
- 3.80%
- 6M
- 5.68%
- 1Y
- 29.38%
- 3Y*
- 27.88%
- 5Y*
- 19.73%
- 10Y*
- 13.31%
4GLD.DE vs. GC=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 3.20% | -1.67% |
GC=F Gold Futures | 5.27% | 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 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2008 | 0.82 |
The correlation between 4GLD.DE and GC=F has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| 4GLD.DE | GC=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.74 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.63 | 4.25 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 4GLD.DE | GC=F | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.11 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.84 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.63 | +0.01 |
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.
Loading charts...
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 | -16.54% | -16.35% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -16.35% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -16.35% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -18.00% | -0.23% |
Current DrawdownCurrent decline from peak | -14.95% | -15.60% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -11.40% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 6.75% | -0.23% |
Volatility
4GLD.DE vs. GC=F - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to Gold Futures (GC=F) at 3.98%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 4GLD.DE | GC=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.98% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 22.32% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 25.63% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 17.40% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 15.86% | -1.49% |
Frequently Asked Questions
4GLD.DE and GC=F have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 4GLD.DE and GC=F
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer