4GLD.DE vs. VVSM.DE
4GLD.DE (Xetra-Gold) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, 4GLD.DE returned 19.85%/yr vs 38.05%/yr for VVSM.DE. At a 0.02 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.35%/yr for VVSM.DE.
Performance
4GLD.DE vs. VVSM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a 2.80% return, which is significantly lower than VVSM.DE's 86.02% 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%
VVSM.DE
- 1D
- -2.77%
- 1M
- 14.51%
- YTD
- 86.02%
- 6M
- 83.36%
- 1Y
- 162.30%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
4GLD.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 1.16% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.38% |
Correlation
The correlation between 4GLD.DE and VVSM.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.02 |
The correlation between 4GLD.DE and VVSM.DE shifts across timeframes, from 0.01 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4GLD.DE vs. VVSM.DE — Risk / Return Rank
4GLD.DE
VVSM.DE
4GLD.DE vs. VVSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.68 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 14.16 | -12.34 |
| Martin ratioReturn relative to average drawdown | 4.63 | 48.94 | -44.31 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 5.17 | -3.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.21 | +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 | 1.24 | -0.59 |
Drawdowns
4GLD.DE vs. VVSM.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, roughly equal to the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and VVSM.DE.
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Drawdown Indicators
| 4GLD.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -37.64% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -11.65% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -37.53% | +20.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -37.64% | +21.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | — | — |
Current DrawdownCurrent decline from peak | -14.95% | -2.77% | -12.18% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -10.22% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 3.38% | +3.14% |
Volatility
4GLD.DE vs. VVSM.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 5.09%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 12.04% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 24.35% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 31.92% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 31.15% | -15.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 30.81% | -16.44% |
4GLD.DE vs. VVSM.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
4GLD.DE vs. VVSM.DE - Dividend Comparison
Neither 4GLD.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and VVSM.DE have a correlation of 0.17, 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 0.35% for VVSM.DE.
4GLD.DE is categorized as Gold, while VVSM.DE is Semiconductors. 4GLD.DE tracks LBMA Gold Price, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Deutsche Börse Commodities and VanEck. Their fees differ too: 0.00% for 4GLD.DE and 0.35% for VVSM.DE.
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