4GLD.DE vs. IGLD.DE
4GLD.DE (Xetra-Gold) and IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) are both Gold funds - 4GLD.DE tracks the LBMA Gold Price while IGLD.DE tracks the Gold (EUR Hedged). Both are passively managed. Over the past 3 years, 4GLD.DE returned 26.05%/yr vs 24.45%/yr for IGLD.DE. Their correlation of 0.86 suggests significant overlap in exposure. 4GLD.DE charges 0.00%/yr vs 0.25%/yr for IGLD.DE.
Performance
4GLD.DE vs. IGLD.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 IGLD.DE's -10.31% return.
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%
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
4GLD.DE vs. IGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -5.56% | 49.32% | 34.57% | 9.33% | -1.79% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -10.31% | 63.04% | 24.54% | 10.49% | -0.31% |
Correlation
The correlation between 4GLD.DE and IGLD.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.86 |
The correlation between 4GLD.DE and IGLD.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
4GLD.DE vs. IGLD.DE — Risk / Return Rank
4GLD.DE
IGLD.DE
4GLD.DE vs. IGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares Physical Gold (EUR Hedged) ETC (IGLD.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 | IGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.67 | +0.40 |
| Martin ratioReturn relative to average drawdown | 2.97 | 1.95 | +1.03 |
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Drawdowns
4GLD.DE vs. IGLD.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than IGLD.DE's maximum drawdown of -25.14%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and IGLD.DE.
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Drawdown Indicators
| 4GLD.DE | IGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -25.14% | -11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -21.99% | -25.14% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | -25.14% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.99% | — | — |
Current DrawdownCurrent decline from peak | -21.86% | -25.14% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -4.01% | -8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 8.71% | -0.79% |
Volatility
4GLD.DE vs. IGLD.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 8.02%, while iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a volatility of 9.09%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than IGLD.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 | IGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 9.09% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 23.19% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 25.98% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 18.26% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.46% | 18.26% | -3.80% |
4GLD.DE vs. IGLD.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than IGLD.DE's 0.25% 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. IGLD.DE - Dividend Comparison
Neither 4GLD.DE nor IGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, 4GLD.DE and IGLD.DE 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.
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 0.25% for IGLD.DE.
4GLD.DE tracks LBMA Gold Price, while IGLD.DE tracks Gold (EUR Hedged). They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.25% for IGLD.DE.
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