4GLD.DE vs. LYQ2.DE
4GLD.DE (Xetra-Gold) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while LYQ2.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.59%/yr vs 0.12%/yr for LYQ2.DE. At a 0.15 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.17%/yr for LYQ2.DE.
Performance
4GLD.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a 0.25% return, which is significantly higher than LYQ2.DE's 0.21% return. Over the past 10 years, 4GLD.DE has outperformed LYQ2.DE with an annualized return of 12.59%, while LYQ2.DE has yielded a comparatively lower 0.12% annualized return.
4GLD.DE
- 1D
- 2.95%
- 1M
- -4.05%
- YTD
- 0.25%
- 6M
- 2.33%
- 1Y
- 26.79%
- 3Y*
- 27.91%
- 5Y*
- 19.59%
- 10Y*
- 12.59%
LYQ2.DE
- 1D
- 0.06%
- 1M
- 0.45%
- YTD
- 0.21%
- 6M
- 0.39%
- 1Y
- 0.98%
- 3Y*
- 2.69%
- 5Y*
- 0.58%
- 10Y*
- 0.12%
4GLD.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.25% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.21% | 2.14% | 2.97% | 3.27% | -4.97% | -0.84% | -0.20% | -0.13% | -0.45% | -0.63% |
Correlation
The correlation between 4GLD.DE and LYQ2.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
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 | 0.15 |
The correlation between 4GLD.DE and LYQ2.DE shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. LYQ2.DE — Risk / Return Rank
4GLD.DE
LYQ2.DE
4GLD.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.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 | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.80 | +0.43 |
| Martin ratioReturn relative to average drawdown | 3.72 | 2.44 | +1.28 |
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Drawdowns
4GLD.DE vs. LYQ2.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than LYQ2.DE's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and LYQ2.DE.
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Drawdown Indicators
| 4GLD.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -7.75% | -29.04% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -1.22% | -20.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -1.22% | -20.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -6.02% | -15.71% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -7.75% | -13.98% |
Current DrawdownCurrent decline from peak | -17.06% | -0.37% | -16.69% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -1.28% | -10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 0.40% | +6.79% |
Volatility
4GLD.DE vs. LYQ2.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 7.32% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.52%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than LYQ2.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 | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 0.52% | +6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 1.17% | +19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 1.28% | +22.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 1.66% | +14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 1.32% | +13.25% |
4GLD.DE vs. LYQ2.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than LYQ2.DE's 0.17% 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. LYQ2.DE - Dividend Comparison
Neither 4GLD.DE nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and LYQ2.DE have a correlation of 0.31, 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 0.17% for LYQ2.DE.
4GLD.DE is categorized as Gold, while LYQ2.DE is European Government Bonds. 4GLD.DE tracks LBMA Gold Price, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: Deutsche Börse Commodities and Amundi. Their fees differ too: 0.00% for 4GLD.DE and 0.17% for LYQ2.DE.
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