4GLD.DE vs. RM8U.DE

Last updated Jun 26, 2026

4GLD.DE (Xetra-Gold) and RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both Gold funds - 4GLD.DE tracks the LBMA Gold Price while RM8U.DE tracks the Gold. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.22%/yr for RM8U.DE.

Performance

4GLD.DE vs. RM8U.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xetra-Gold (4GLD.DE) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

4GLD.DE

• 1D: 0.16%
• 1M: -8.84%
• YTD: -5.56%
• 6M: -7.28%
• 1Y: 23.59%
• 3Y*: 26.05%
• 5Y*: 18.84%
• 10Y*: 11.41%

RM8U.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

4GLD.DE vs. RM8U.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
4GLD.DE Xetra-Gold	-5.56%	49.32%	34.57%	9.33%	7.12%	4.03%	1.57%
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	-0.98%	1.87%

Correlation

The correlation between 4GLD.DE and RM8U.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020	0.34

The correlation between 4GLD.DE and RM8U.DE shifts across timeframes, from 0.06 (5 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

4GLD.DE vs. RM8U.DE — 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: 27
4GLD.DE Sharpe Ratio Rank: 30
4GLD.DE Sortino Ratio Rank: 27
4GLD.DE Omega Ratio Rank: 31
4GLD.DE Calmar Ratio Rank: 24
4GLD.DE Martin Ratio Rank: 25

RM8U.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RM8U.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.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	RM8U.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.07	—	—
Martin ratio: Return relative to average drawdown	2.97	—	—

Drawdowns

Drawdown Indicators

	4GLD.DE	RM8U.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.79%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.99%	—	—
Current Drawdown Current decline from peak	-21.86%	—	—
Average Drawdown Average peak-to-trough decline	-12.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	—	—

Volatility

Volatility by Period

	4GLD.DE	RM8U.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	—	—

4GLD.DE vs. RM8U.DE - Expense Ratio Comparison

4GLD.DE has a 0.00% expense ratio, which is lower than RM8U.DE's 0.22% 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. RM8U.DE - Dividend Comparison

Neither 4GLD.DE nor RM8U.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 4GLD.DE and RM8U.DE in my portfolio?

4GLD.DE and RM8U.DE have a correlation of 0.34, 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 RM8U.DE?

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 RM8U.DE?

4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.22% for RM8U.DE.

What is the main difference between 4GLD.DE and RM8U.DE?

4GLD.DE tracks LBMA Gold Price, while RM8U.DE tracks Gold. They also come from different issuers: Deutsche Börse Commodities and HANetf. Their fees differ too: 0.00% for 4GLD.DE and 0.22% for RM8U.DE.