4GLD.DE vs. SXRL.DE
4GLD.DE (Xetra-Gold) and SXRL.DE (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while SXRL.DE is a Government Bonds fund tracking the ICE US Treasury 3-7 Year. Both are passively managed. Over the past 10 years, 4GLD.DE returned 13.36%/yr vs 1.16%/yr for SXRL.DE. At a 0.23 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.07%/yr for SXRL.DE.
Performance
4GLD.DE vs. SXRL.DE - Performance Comparison
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Different Trading Currencies
4GLD.DE is traded in EUR, while SXRL.DE is traded in USD. To make them comparable, the SXRL.DE 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 higher than SXRL.DE's 0.84% return. Over the past 10 years, 4GLD.DE has outperformed SXRL.DE with an annualized return of 13.36%, while SXRL.DE has yielded a comparatively lower 1.16% 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%
SXRL.DE
- 1D
- 0.07%
- 1M
- 1.11%
- YTD
- 0.84%
- 6M
- 0.29%
- 1Y
- 1.88%
- 3Y*
- 0.97%
- 5Y*
- 1.32%
- 10Y*
- 1.16%
4GLD.DE vs. SXRL.DE - 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% |
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 0.84% | -4.82% | 8.08% | 1.19% | -4.08% | 6.09% | -2.60% | 8.44% | 5.99% | -11.17% |
Correlation
The correlation between 4GLD.DE and SXRL.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2009 | 0.23 |
The correlation between 4GLD.DE and SXRL.DE shifts across timeframes, from -0.01 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. SXRL.DE — Risk / Return Rank
4GLD.DE
SXRL.DE
4GLD.DE vs. SXRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.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.
| 4GLD.DE | SXRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.05 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.33 | +1.49 |
| Martin ratioReturn relative to average drawdown | 4.63 | 0.92 | +3.71 |
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 | SXRL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.26 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.17 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.15 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.42 | +0.22 |
Drawdowns
4GLD.DE vs. SXRL.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than SXRL.DE's maximum drawdown of -17.10%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and SXRL.DE.
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Drawdown Indicators
| 4GLD.DE | SXRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -17.10% | -19.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -4.47% | -12.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -10.19% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -12.16% | -4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -17.10% | -1.13% |
Current DrawdownCurrent decline from peak | -14.95% | -6.46% | -8.49% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -6.64% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 1.62% | +4.90% |
Volatility
4GLD.DE vs. SXRL.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) at 1.04%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than SXRL.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 | SXRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.04% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 4.27% | +15.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 5.77% | +17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 7.84% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 7.61% | +6.76% |
4GLD.DE vs. SXRL.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than SXRL.DE's 0.07% 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. SXRL.DE - Dividend Comparison
Neither 4GLD.DE nor SXRL.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and SXRL.DE have a correlation of -0.01, 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 0.07% for SXRL.DE.
4GLD.DE is categorized as Gold, while SXRL.DE is Government Bonds. 4GLD.DE tracks LBMA Gold Price, while SXRL.DE tracks ICE US Treasury 3-7 Year. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.07% for SXRL.DE.
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