4GLD.DE vs. XDWD.DE
4GLD.DE (Xetra-Gold) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, 4GLD.DE returned 12.59%/yr vs 13.12%/yr for XDWD.DE. At a 0.04 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.19%/yr for XDWD.DE.
Performance
4GLD.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4GLD.DE achieves a 0.25% return, which is significantly lower than XDWD.DE's 11.26% return. Both investments have delivered pretty close results over the past 10 years, with 4GLD.DE having a 12.59% annualized return and XDWD.DE not far ahead at 13.12%.
4GLD.DE
- 1D
- 2.95%
- 1M
- -4.05%
- YTD
- 0.25%
- 6M
- 2.33%
- 1Y
- 26.79%
- 3Y*
- 27.91%
- 5Y*
- 19.59%
- 10Y*
- 12.59%
XDWD.DE
- 1D
- 1.14%
- 1M
- 2.64%
- YTD
- 11.26%
- 6M
- 12.63%
- 1Y
- 25.29%
- 3Y*
- 17.21%
- 5Y*
- 12.68%
- 10Y*
- 13.12%
4GLD.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.25% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 11.26% | 7.85% | 25.98% | 20.19% | -13.68% | 32.75% | 5.47% | 31.26% | -4.94% | 7.84% |
Correlation
The correlation between 4GLD.DE and XDWD.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.04 |
Over the past year, 4GLD.DE and XDWD.DE have become more correlated (0.24) 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. XDWD.DE — Risk / Return Rank
4GLD.DE
XDWD.DE
4GLD.DE vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Xtrackers MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.97 | -2.75 |
| Martin ratioReturn relative to average drawdown | 3.72 | 15.92 | -12.20 |
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Drawdowns
4GLD.DE vs. XDWD.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than XDWD.DE's maximum drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and XDWD.DE.
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Drawdown Indicators
| 4GLD.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -33.55% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -21.73% | -6.34% | -15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -21.64% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -21.64% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -33.55% | +11.82% |
Current DrawdownCurrent decline from peak | -17.06% | -0.02% | -17.04% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -4.54% | -7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 1.58% | +5.61% |
Volatility
4GLD.DE vs. XDWD.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 7.32% compared to Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) at 3.10%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 3.10% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 8.04% | +12.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 11.30% | +12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 14.16% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 15.15% | -0.58% |
4GLD.DE vs. XDWD.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than XDWD.DE's 0.19% 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. XDWD.DE - Dividend Comparison
Neither 4GLD.DE nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and XDWD.DE have a correlation of 0.24, 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 0.19% for XDWD.DE.
4GLD.DE is categorized as Gold, while XDWD.DE is Global Equities. 4GLD.DE tracks LBMA Gold Price, while XDWD.DE tracks MSCI World. They also come from different issuers: Deutsche Börse Commodities and Xtrackers. Their fees differ too: 0.00% for 4GLD.DE and 0.19% for XDWD.DE.
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