4GLD.DE vs. IBCI.DE
4GLD.DE (Xetra-Gold) and IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while IBCI.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Euro Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs 1.56%/yr for IBCI.DE. At a 0.17 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.09%/yr for IBCI.DE.
Performance
4GLD.DE vs. IBCI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -2.63% return, which is significantly lower than IBCI.DE's 3.01% return. Over the past 10 years, 4GLD.DE has outperformed IBCI.DE with an annualized return of 12.28%, while IBCI.DE has yielded a comparatively lower 1.56% annualized return.
4GLD.DE
- 1D
- 2.93%
- 1M
- -6.80%
- YTD
- -2.63%
- 6M
- -0.59%
- 1Y
- 23.16%
- 3Y*
- 26.47%
- 5Y*
- 18.62%
- 10Y*
- 12.28%
IBCI.DE
- 1D
- -0.06%
- 1M
- 0.29%
- YTD
- 3.01%
- 6M
- 2.99%
- 1Y
- 2.64%
- 3Y*
- 2.13%
- 5Y*
- 0.59%
- 10Y*
- 1.56%
4GLD.DE vs. IBCI.DE - 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% |
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 3.01% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.83% | 6.31% | -1.54% | 1.05% |
Correlation
The correlation between 4GLD.DE and IBCI.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.17 |
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Return for Risk
4GLD.DE vs. IBCI.DE — Risk / Return Rank
4GLD.DE
IBCI.DE
4GLD.DE vs. IBCI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.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 | IBCI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.23 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.41 | 2.90 | +0.51 |
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Drawdowns
4GLD.DE vs. IBCI.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than IBCI.DE's maximum drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and IBCI.DE.
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Drawdown Indicators
| 4GLD.DE | IBCI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -16.37% | -20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -1.87% | -19.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -5.59% | -16.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -16.37% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -16.37% | -5.36% |
Current DrawdownCurrent decline from peak | -19.44% | -5.67% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -3.77% | -8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 0.79% | +6.32% |
Volatility
4GLD.DE vs. IBCI.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) at 1.61%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than IBCI.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 | IBCI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 1.61% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 3.00% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 3.82% | +19.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 6.86% | +9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 6.16% | +8.40% |
4GLD.DE vs. IBCI.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than IBCI.DE's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
4GLD.DE vs. IBCI.DE - Dividend Comparison
Neither 4GLD.DE nor IBCI.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and IBCI.DE have a correlation of 0.22, 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 0.09% for IBCI.DE.
4GLD.DE is categorized as Gold, while IBCI.DE is Inflation-Protected Bonds. 4GLD.DE tracks LBMA Gold Price, while IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.09% for IBCI.DE.
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