4GLD.DE vs. XEON.DE
4GLD.DE (Xetra-Gold) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, 4GLD.DE returned 13.36%/yr vs 0.70%/yr for XEON.DE. At a 0.02 correlation, their price movements are largely independent. 4GLD.DE charges 0.00%/yr vs 0.10%/yr for XEON.DE.
Performance
4GLD.DE vs. XEON.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 higher than XEON.DE's 0.80% return. Over the past 10 years, 4GLD.DE has outperformed XEON.DE with an annualized return of 13.36%, while XEON.DE has yielded a comparatively lower 0.70% annualized return.
4GLD.DE
- 1D
- 0.57%
- 1M
- -3.60%
- YTD
- 2.80%
- 6M
- 6.23%
- 1Y
- 31.21%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
4GLD.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 3.20% | -1.67% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between 4GLD.DE and XEON.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2008 | 0.02 |
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Return for Risk
4GLD.DE vs. XEON.DE — Risk / Return Rank
4GLD.DE
XEON.DE
4GLD.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.63 | ||
| Sortino ratioReturn per unit of downside risk | -19.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 4.27 | -3.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 69.36 | -67.54 |
| Martin ratioReturn relative to average drawdown | 4.63 | 316.53 | -311.90 |
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 | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 8.94 | -7.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 7.54 | -6.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 1.78 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.74 | -0.09 |
Drawdowns
4GLD.DE vs. XEON.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and XEON.DE.
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Drawdown Indicators
| 4GLD.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -3.71% | -33.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -0.03% | -16.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -0.08% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -0.71% | -15.83% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -3.25% | -14.98% |
Current DrawdownCurrent decline from peak | -14.95% | -0.01% | -14.94% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -0.92% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 0.01% | +6.51% |
Volatility
4GLD.DE vs. XEON.DE - Volatility Comparison
Xetra-Gold (4GLD.DE) has a higher volatility of 5.09% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that 4GLD.DE's price experiences larger fluctuations and is considered to be riskier than XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.04% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 0.16% | +19.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 0.22% | +22.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 0.25% | +15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 0.39% | +13.98% |
4GLD.DE vs. XEON.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than XEON.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. XEON.DE - Dividend Comparison
Neither 4GLD.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
4GLD.DE and XEON.DE have a correlation of -0.02, 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 XEON.DE.
4GLD.DE is categorized as Gold, while XEON.DE is Bank Loan. 4GLD.DE tracks LBMA Gold Price, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Deutsche Börse Commodities and Xtrackers. Their fees differ too: 0.00% for 4GLD.DE and 0.10% for XEON.DE.
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