4GLD.DE vs. TDIV.AS
4GLD.DE (Xetra-Gold) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs 12.48%/yr for TDIV.AS. At a 0.01 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.38%/yr for TDIV.AS.
Performance
4GLD.DE vs. TDIV.AS - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a -2.63% return, which is significantly lower than TDIV.AS's 11.72% return. Both investments have delivered pretty close results over the past 10 years, with 4GLD.DE having a 12.28% annualized return and TDIV.AS not far ahead at 12.48%.
4GLD.DE
- 1D
- 2.93%
- 1M
- -9.07%
- YTD
- -2.63%
- 6M
- -0.59%
- 1Y
- 24.49%
- 3Y*
- 26.47%
- 5Y*
- 18.62%
- 10Y*
- 12.28%
TDIV.AS
- 1D
- 0.36%
- 1M
- 2.53%
- YTD
- 11.72%
- 6M
- 13.92%
- 1Y
- 27.83%
- 3Y*
- 20.14%
- 5Y*
- 17.83%
- 10Y*
- 12.48%
4GLD.DE vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -2.63% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.72% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between 4GLD.DE and TDIV.AS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.01 |
The correlation between 4GLD.DE and TDIV.AS shifts across timeframes, from 0.01 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. TDIV.AS — Risk / Return Rank
4GLD.DE
TDIV.AS
4GLD.DE vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.55 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 7.82 | -6.69 |
| Martin ratioReturn relative to average drawdown | 3.41 | 22.20 | -18.79 |
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Drawdowns
4GLD.DE vs. TDIV.AS - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, roughly equal to the maximum TDIV.AS drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and TDIV.AS.
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Drawdown Indicators
| 4GLD.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -36.10% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -3.51% | -18.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -15.88% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -15.88% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -36.10% | +14.37% |
Current DrawdownCurrent decline from peak | -19.44% | -0.36% | -19.08% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -3.97% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 1.22% | +5.89% |
Volatility
4GLD.DE vs. TDIV.AS - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.29%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than TDIV.AS 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 | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 2.29% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 6.74% | +14.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 9.12% | +14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 13.12% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 14.70% | -0.14% |
4GLD.DE vs. TDIV.AS - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
4GLD.DE vs. TDIV.AS - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
4GLD.DE and TDIV.AS have a correlation of 0.11, 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 0.38% for TDIV.AS.
4GLD.DE is categorized as Gold, while TDIV.AS is Global Equity Income. 4GLD.DE tracks LBMA Gold Price, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Deutsche Börse Commodities and VanEck. Their fees differ too: 0.00% for 4GLD.DE and 0.38% for TDIV.AS.
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