4GLD.DE vs. IS3K.DE
4GLD.DE (Xetra-Gold) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, 4GLD.DE returned 13.36%/yr vs 4.08%/yr for IS3K.DE. At a 0.10 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.45%/yr for IS3K.DE.
Performance
4GLD.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a 2.80% return, which is significantly higher than IS3K.DE's 2.62% return. Over the past 10 years, 4GLD.DE has outperformed IS3K.DE with an annualized return of 13.36%, while IS3K.DE has yielded a comparatively lower 4.08% annualized return.
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%
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.00%
- YTD
- 2.62%
- 6M
- 1.77%
- 1Y
- 4.00%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
4GLD.DE vs. IS3K.DE - 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
Correlation
The correlation between 4GLD.DE and IS3K.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.10 |
The correlation between 4GLD.DE and IS3K.DE shifts across timeframes, from -0.08 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. IS3K.DE — Risk / Return Rank
4GLD.DE
IS3K.DE
4GLD.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| 4GLD.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.29 | +0.53 |
| Martin ratioReturn relative to average drawdown | 4.63 | 3.43 | +1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4GLD.DE | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.69 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.69 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.52 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.56 | +0.09 |
Drawdowns
4GLD.DE vs. IS3K.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than IS3K.DE's maximum drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and IS3K.DE.
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Drawdown Indicators
| 4GLD.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -17.93% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -3.09% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -11.25% | -5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -11.25% | -5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -17.93% | -0.30% |
Current DrawdownCurrent decline from peak | -14.95% | -4.57% | -10.38% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -4.51% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 1.16% | +5.36% |
Volatility
4GLD.DE vs. IS3K.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) at 0.85%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.85% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 3.84% | +16.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 5.81% | +17.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 7.15% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 7.85% | +6.52% |
4GLD.DE vs. IS3K.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
4GLD.DE vs. IS3K.DE - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 7.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
4GLD.DE and IS3K.DE have a correlation of -0.08, 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 0.45% for IS3K.DE.
4GLD.DE is categorized as Gold, while IS3K.DE is High Yield Bonds. 4GLD.DE tracks LBMA Gold Price, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.45% for IS3K.DE.
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