4GLD.DE vs. IUS7.DE
4GLD.DE (Xetra-Gold) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while IUS7.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core. Both are passively managed. Over the past 10 years, 4GLD.DE returned 13.36%/yr vs 3.08%/yr for IUS7.DE. At a 0.19 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.45%/yr for IUS7.DE.
Performance
4GLD.DE vs. IUS7.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 lower than IUS7.DE's 2.97% return. Over the past 10 years, 4GLD.DE has outperformed IUS7.DE with an annualized return of 13.36%, while IUS7.DE has yielded a comparatively lower 3.08% annualized return.
4GLD.DE
- 1D
- 0.57%
- 1M
- -3.60%
- YTD
- 2.80%
- 6M
- 6.23%
- 1Y
- 31.21%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
IUS7.DE
- 1D
- 0.14%
- 1M
- 1.36%
- YTD
- 2.97%
- 6M
- 2.33%
- 1Y
- 9.74%
- 3Y*
- 6.75%
- 5Y*
- 2.86%
- 10Y*
- 3.08%
4GLD.DE vs. IUS7.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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.97% | 1.14% | 11.74% | 6.77% | -13.16% | 5.75% | -4.03% | 18.79% | -1.16% | -3.39% |
Correlation
The correlation between 4GLD.DE and IUS7.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2009 | 0.19 |
The correlation between 4GLD.DE and IUS7.DE shifts across timeframes, from 0.04 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. IUS7.DE — Risk / Return Rank
4GLD.DE
IUS7.DE
4GLD.DE vs. IUS7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.00 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.63 | 9.17 | -4.54 |
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 | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.55 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.33 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.28 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.61 | +0.04 |
Drawdowns
4GLD.DE vs. IUS7.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than IUS7.DE's maximum drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and IUS7.DE.
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Drawdown Indicators
| 4GLD.DE | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -27.13% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -3.09% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -12.95% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -15.90% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -27.13% | +8.90% |
Current DrawdownCurrent decline from peak | -14.95% | 0.00% | -14.95% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -6.48% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 1.01% | +5.51% |
Volatility
4GLD.DE vs. IUS7.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) at 1.24%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.24% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 4.03% | +16.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 5.97% | +17.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 8.56% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 11.02% | +3.35% |
4GLD.DE vs. IUS7.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than IUS7.DE's 0.45% expense ratio.
Dividends
4GLD.DE vs. IUS7.DE - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while IUS7.DE's dividend yield for the trailing twelve months is around 5.80%.
| 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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.80% | 6.10% | 5.62% | 5.77% | 5.63% | 3.80% | 4.17% | 4.72% | 4.70% | 5.11% | 5.29% | 4.71% |
Frequently Asked Questions
4GLD.DE and IUS7.DE have a correlation of 0.04, 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 IUS7.DE.
4GLD.DE is categorized as Gold, while IUS7.DE is Emerging Markets Bonds. 4GLD.DE tracks LBMA Gold Price, while IUS7.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.45% for IUS7.DE.
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