4GLD.DE vs. TLT
4GLD.DE (Xetra-Gold) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.28%/yr vs -2.07%/yr for TLT. At a 0.21 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.15%/yr for TLT.
Performance
4GLD.DE vs. TLT - Performance Comparison
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Different Trading Currencies
4GLD.DE is traded in EUR, while TLT is traded in USD. To make them comparable, the TLT 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 -2.63% return, which is significantly lower than TLT's 1.81% return. Over the past 10 years, 4GLD.DE has outperformed TLT with an annualized return of 12.28%, while TLT has yielded a comparatively lower -2.07% annualized return.
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%
TLT
- 1D
- -0.16%
- 1M
- 2.83%
- YTD
- 1.81%
- 6M
- 1.94%
- 1Y
- 3.06%
- 3Y*
- -3.64%
- 5Y*
- -5.68%
- 10Y*
- -2.07%
4GLD.DE vs. TLT - 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% |
TLT iShares 20+ Year Treasury Bond ETF | 1.81% | -8.12% | -1.98% | -0.31% | -26.97% | 2.54% | 8.41% | 16.70% | 3.01% | -4.24% |
Correlation
The correlation between 4GLD.DE and TLT is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.21 |
The correlation between 4GLD.DE and TLT shifts across timeframes, from -0.05 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. TLT — Risk / Return Rank
4GLD.DE
TLT
4GLD.DE vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.41 | +0.71 |
| Martin ratioReturn relative to average drawdown | 3.41 | 0.87 | +2.54 |
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Drawdowns
4GLD.DE vs. TLT - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, smaller than the maximum TLT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and TLT.
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Drawdown Indicators
| 4GLD.DE | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -46.77% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -7.42% | -14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -17.13% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -39.79% | +18.06% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -46.77% | +25.04% |
Current DrawdownCurrent decline from peak | -19.44% | -43.55% | +24.11% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -18.55% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 3.51% | +3.60% |
Volatility
4GLD.DE vs. TLT - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.29%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than TLT 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 | TLT | 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% | 7.11% | +13.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 9.74% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 16.22% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 15.63% | -1.07% |
4GLD.DE vs. TLT - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than TLT'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. TLT - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.56%.
| 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
4GLD.DE and TLT have a correlation of -0.05, 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 0.15% for TLT.
4GLD.DE is categorized as Gold, while TLT is Government Bonds. 4GLD.DE tracks LBMA Gold Price, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Deutsche Börse Commodities and iShares. Their fees differ too: 0.00% for 4GLD.DE and 0.15% for TLT.
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