4GLD.DE vs. IUST.DE
4GLD.DE (Xetra-Gold) and IUST.DE (iShares USD TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while IUST.DE is a Inflation-Protected Bonds fund tracking the Bloomberg US Government Inflation-Linked Bond. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs 2.20%/yr for IUST.DE. At a 0.26 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.10%/yr for IUST.DE.
Performance
4GLD.DE vs. IUST.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 IUST.DE's 2.64% return. Over the past 10 years, 4GLD.DE has outperformed IUST.DE with an annualized return of 12.28%, while IUST.DE has yielded a comparatively lower 2.20% annualized return.
4GLD.DE
- 1D
- 2.93%
- 1M
- -9.21%
- YTD
- -2.63%
- 6M
- -0.59%
- 1Y
- 23.16%
- 3Y*
- 26.47%
- 5Y*
- 18.62%
- 10Y*
- 12.28%
IUST.DE
- 1D
- -0.39%
- 1M
- 0.47%
- YTD
- 2.64%
- 6M
- 2.82%
- 1Y
- 4.81%
- 3Y*
- 1.52%
- 5Y*
- 1.71%
- 10Y*
- 2.20%
4GLD.DE vs. IUST.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% |
IUST.DE iShares USD TIPS UCITS ETF USD (Acc) | 2.64% | -4.87% | 7.83% | -0.00% | -7.02% | 14.86% | 0.99% | 11.24% | 3.25% | -9.33% |
Correlation
The correlation between 4GLD.DE and IUST.DE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.26 |
The correlation between 4GLD.DE and IUST.DE shifts across timeframes, from -0.16 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. IUST.DE — Risk / Return Rank
4GLD.DE
IUST.DE
4GLD.DE vs. IUST.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares USD TIPS UCITS ETF USD (Acc) (IUST.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 | IUST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.14 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.41 | 2.97 | +0.44 |
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Drawdowns
4GLD.DE vs. IUST.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than IUST.DE's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and IUST.DE.
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Drawdown Indicators
| 4GLD.DE | IUST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -19.93% | -16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -4.00% | -17.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -10.75% | -10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -15.19% | -6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -15.81% | -5.92% |
Current DrawdownCurrent decline from peak | -19.44% | -7.98% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -6.76% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 1.53% | +5.58% |
Volatility
4GLD.DE vs. IUST.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to iShares USD TIPS UCITS ETF USD (Acc) (IUST.DE) at 0.85%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than IUST.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 | IUST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 0.85% | +6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 4.03% | +16.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 5.92% | +17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 8.28% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 7.99% | +6.57% |
4GLD.DE vs. IUST.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than IUST.DE's 0.10% 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. IUST.DE - Dividend Comparison
Neither 4GLD.DE nor IUST.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and IUST.DE have a correlation of -0.16, 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 0.10% for IUST.DE.
4GLD.DE is categorized as Gold, while IUST.DE is Inflation-Protected Bonds. 4GLD.DE tracks LBMA Gold Price, while IUST.DE tracks Bloomberg US Government Inflation-Linked Bond. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.10% for IUST.DE.
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