4GLD.DE vs. VWCG.DE
4GLD.DE (Xetra-Gold) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, 4GLD.DE returned 18.62%/yr vs 10.01%/yr for VWCG.DE. At a 0.04 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.10%/yr for VWCG.DE.
Performance
4GLD.DE vs. VWCG.DE - 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 VWCG.DE's 8.96% return.
4GLD.DE
- 1D
- 2.93%
- 1M
- -9.21%
- YTD
- -2.63%
- 6M
- -0.59%
- 1Y
- 23.16%
- 3Y*
- 26.47%
- 5Y*
- 18.62%
- 10Y*
- 12.28%
VWCG.DE
- 1D
- 1.89%
- 1M
- 3.14%
- YTD
- 8.96%
- 6M
- 11.76%
- 1Y
- 19.41%
- 3Y*
- 14.33%
- 5Y*
- 10.01%
- 10Y*
- —
4GLD.DE vs. VWCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | -2.63% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 6.41% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.96% | 20.44% | 8.96% | 16.07% | -9.83% | 24.91% | -2.57% | 7.53% |
Correlation
The correlation between 4GLD.DE and VWCG.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.04 |
Over the past year, 4GLD.DE and VWCG.DE have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
4GLD.DE vs. VWCG.DE — Risk / Return Rank
4GLD.DE
VWCG.DE
4GLD.DE vs. VWCG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.91 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.41 | 7.33 | -3.91 |
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Drawdowns
4GLD.DE vs. VWCG.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, roughly equal to the maximum VWCG.DE drawdown of -35.70%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and VWCG.DE.
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Drawdown Indicators
| 4GLD.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -35.70% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -9.58% | -12.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -16.07% | -5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -20.09% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | — | — |
Current DrawdownCurrent decline from peak | -19.44% | -0.03% | -19.41% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -4.98% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 2.51% | +4.60% |
Volatility
4GLD.DE vs. VWCG.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 6.93% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) at 4.24%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 4.24% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 10.80% | +10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 13.05% | +10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 14.31% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 16.85% | -2.29% |
4GLD.DE vs. VWCG.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than VWCG.DE's 0.10% 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. VWCG.DE - Dividend Comparison
Neither 4GLD.DE nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and VWCG.DE have a correlation of 0.27, 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 0.10% for VWCG.DE.
4GLD.DE is categorized as Gold, while VWCG.DE is Europe Equities. 4GLD.DE tracks LBMA Gold Price, while VWCG.DE tracks FTSE Developed Europe. They also come from different issuers: Deutsche Börse Commodities and Vanguard. Their fees differ too: 0.00% for 4GLD.DE and 0.10% for VWCG.DE.
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