4GLD.DE vs. SGBX.L
4GLD.DE (Xetra-Gold) and SGBX.L (WisdomTree Physical Swiss Gold) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while SGBX.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 4GLD.DE returned 19.85%/yr vs 19.68%/yr for SGBX.L. Their correlation of 0.91 suggests significant overlap in exposure. 4GLD.DE charges 0.00%/yr vs 0.15%/yr for SGBX.L.
Performance
4GLD.DE vs. SGBX.L - Performance Comparison
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Different Trading Currencies
4GLD.DE is traded in EUR, while SGBX.L is traded in GBp. To make them comparable, the SGBX.L 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 SGBX.L's 4.79% return.
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
SGBX.L
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 4.79%
- 6M
- 6.34%
- 1Y
- 30.01%
- 3Y*
- 27.89%
- 5Y*
- 19.68%
- 10Y*
- —
4GLD.DE vs. SGBX.L - 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% | -8.33% |
SGBX.L WisdomTree Physical Swiss Gold | 4.79% | 45.54% | 34.32% | 9.51% | 6.42% | 3.06% | 13.48% | 21.96% | 3.06% | -8.78% |
Correlation
The correlation between 4GLD.DE and SGBX.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.91 |
The correlation between 4GLD.DE and SGBX.L has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
4GLD.DE vs. SGBX.L — Risk / Return Rank
4GLD.DE
SGBX.L
4GLD.DE vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and WisdomTree Physical Swiss Gold (SGBX.L). 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 | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.72 | +0.11 |
| Martin ratioReturn relative to average drawdown | 4.63 | 4.45 | +0.18 |
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 | SGBX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.29 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.20 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.89 | -0.25 |
Drawdowns
4GLD.DE vs. SGBX.L - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than SGBX.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and SGBX.L.
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Drawdown Indicators
| 4GLD.DE | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -18.13% | -18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -17.41% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -17.41% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -17.41% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | — | — |
Current DrawdownCurrent decline from peak | -14.95% | -15.60% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -6.42% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 6.73% | -0.21% |
Volatility
4GLD.DE vs. SGBX.L - Volatility Comparison
Xetra-Gold (4GLD.DE) and WisdomTree Physical Swiss Gold (SGBX.L) have volatilities of 5.09% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4GLD.DE | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.03% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 20.10% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 23.16% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 16.34% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 14.96% | -0.59% |
4GLD.DE vs. SGBX.L - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than SGBX.L's 0.15% 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. SGBX.L - Dividend Comparison
Neither 4GLD.DE nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 4GLD.DE and SGBX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for SGBX.L.
4GLD.DE is categorized as Gold, while SGBX.L is Precious Metals. 4GLD.DE tracks LBMA Gold Price, while SGBX.L tracks Gold. They also come from different issuers: Deutsche Börse Commodities and WisdomTree. Their fees differ too: 0.00% for 4GLD.DE and 0.15% for SGBX.L.
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