4GLD.DE vs. QQQ

Last updated Jun 5, 2026

4GLD.DE (Xetra-Gold) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, 4GLD.DE returned 13.36%/yr vs 21.12%/yr for QQQ. At a 0.03 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.18%/yr for QQQ.

Performance

4GLD.DE vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xetra-Gold (4GLD.DE) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

4GLD.DE is traded in EUR, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 4GLD.DE achieves a 2.80% return, which is significantly lower than QQQ's 17.17% return. Over the past 10 years, 4GLD.DE has underperformed QQQ with an annualized return of 13.36%, while QQQ has yielded a comparatively higher 21.12% annualized return.

4GLD.DE

• 1D: 0.57%
• 1M: -3.86%
• YTD: 2.80%
• 6M: 6.64%
• 1Y: 31.48%
• 3Y*: 28.18%
• 5Y*: 19.85%
• 10Y*: 13.36%

QQQ

• 1D: 0.00%
• 1M: 1.41%
• YTD: 17.17%
• 6M: 14.37%
• 1Y: 32.22%
• 3Y*: 23.62%
• 5Y*: 17.92%
• 10Y*: 21.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

4GLD.DE vs. QQQ - 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%
QQQ Invesco QQQ ETF	18.86%	6.44%	33.87%	50.21%	-28.40%	36.95%	36.37%	42.10%	4.56%	16.36%

Correlation

The correlation between 4GLD.DE and QQQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jan 4, 2008	0.03

The correlation between 4GLD.DE and QQQ shifts across timeframes, from -0.01 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

4GLD.DE vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

4GLD.DE

4GLD.DE Risk / Return Rank: 36
4GLD.DE Sharpe Ratio Rank: 37
4GLD.DE Sortino Ratio Rank: 34
4GLD.DE Omega Ratio Rank: 40
4GLD.DE Calmar Ratio Rank: 38
4GLD.DE Martin Ratio Rank: 32

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 74
QQQ Sortino Ratio Rank: 67
QQQ Omega Ratio Rank: 70
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

4GLD.DE vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.95	-0.64
Sortino ratio: Return per unit of downside risk	1.76	2.49	-0.73
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	1.82	2.94	-1.12
Martin ratio: Return relative to average drawdown	4.63	9.15	-4.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

4GLD.DE vs. QQQ - Sharpe Ratio Comparison

The current 4GLD.DE Sharpe Ratio is 1.31, which is lower than the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of 4GLD.DE and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	4GLD.DE	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.95	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	0.81	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.94	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.77	-0.12

Drawdowns

4GLD.DE vs. QQQ - Drawdown Comparison

The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum QQQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and QQQ.

Drawdown Indicators

	4GLD.DE	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-36.79%	-46.01%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-11.01%	-5.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-27.21%	+10.67%
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	-30.99%	+14.45%
Max Drawdown (10Y) Largest decline over 10 years	-18.23%	-30.99%	+12.76%
Current Drawdown Current decline from peak	-14.95%	-4.62%	-10.33%
Average Drawdown Average peak-to-trough decline	-11.83%	-7.79%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	3.53%	+2.99%

Volatility

4GLD.DE vs. QQQ - Volatility Comparison

The current volatility for Xetra-Gold (4GLD.DE) is 5.09%, while Invesco QQQ ETF (QQQ) has a volatility of 5.73%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	4GLD.DE	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	5.73%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	12.27%	+7.82%
Volatility (1Y) Calculated over the trailing 1-year period	23.06%	16.64%	+6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	22.11%	-6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.37%	22.65%	-8.28%

4GLD.DE vs. QQQ - Expense Ratio Comparison

4GLD.DE has a 0.00% expense ratio, which is lower than QQQ's 0.18% 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. QQQ - Dividend Comparison

4GLD.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.39%.

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%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both 4GLD.DE and QQQ in my portfolio?

4GLD.DE and QQQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 4GLD.DE or QQQ?

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.

Which ETF is cheaper, 4GLD.DE or QQQ?

4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.18% for QQQ.

What is the main difference between 4GLD.DE and QQQ?

4GLD.DE is categorized as Gold, while QQQ is Nasdaq-100. 4GLD.DE tracks LBMA Gold Price, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Deutsche Börse Commodities and Invesco. Their fees differ too: 0.00% for 4GLD.DE and 0.18% for QQQ.