4GLD.DE vs. YGLD.DE
4GLD.DE (Xetra-Gold) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - 4GLD.DE is a Gold fund tracking the LBMA Gold Price, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. 4GLD.DE is passively managed, while YGLD.DE is actively managed. Over the past year, 4GLD.DE returned 30.27% vs 16.88% for YGLD.DE. Their correlation of 0.81 suggests significant overlap in exposure. 4GLD.DE charges 0.00%/yr vs 0.35%/yr for YGLD.DE.
Performance
4GLD.DE vs. YGLD.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 YGLD.DE's -5.17% return.
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
YGLD.DE
- 1D
- -0.03%
- 1M
- -1.25%
- YTD
- -5.17%
- 6M
- -1.72%
- 1Y
- 16.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4GLD.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 2.06% |
YGLD.DE IncomeShares Gold + Yield ETP | -5.17% | 41.92% | -7.11% |
Correlation
The correlation between 4GLD.DE and YGLD.DE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2024 | 0.81 |
The correlation between 4GLD.DE and YGLD.DE has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
4GLD.DE vs. YGLD.DE — Risk / Return Rank
4GLD.DE
YGLD.DE
4GLD.DE vs. YGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xetra-Gold (4GLD.DE) and IncomeShares Gold + Yield ETP (YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.99 | +0.83 |
| Martin ratioReturn relative to average drawdown | 4.63 | 1.95 | +2.67 |
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 | YGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.56 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | — | — |
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 | 0.59 | +0.06 |
Drawdowns
4GLD.DE vs. YGLD.DE - Drawdown Comparison
The maximum 4GLD.DE drawdown since its inception was -36.79%, which is greater than YGLD.DE's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for 4GLD.DE and YGLD.DE.
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Drawdown Indicators
| 4GLD.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -16.94% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -16.94% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | — | — |
Current DrawdownCurrent decline from peak | -14.95% | -15.27% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -5.54% | -6.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 8.62% | -2.10% |
Volatility
4GLD.DE vs. YGLD.DE - Volatility Comparison
The current volatility for Xetra-Gold (4GLD.DE) is 5.09%, while IncomeShares Gold + Yield ETP (YGLD.DE) has a volatility of 6.19%. This indicates that 4GLD.DE experiences smaller price fluctuations and is considered to be less risky than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 6.19% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 17.41% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 29.80% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 26.34% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 26.34% | -11.97% |
4GLD.DE vs. YGLD.DE - Expense Ratio Comparison
4GLD.DE has a 0.00% expense ratio, which is lower than YGLD.DE's 0.35% expense ratio.
Dividends
4GLD.DE vs. YGLD.DE - Dividend Comparison
4GLD.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.24%.
| Position | TTM | 2025 |
|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.24% | 6.36% |
Frequently Asked Questions
4GLD.DE and YGLD.DE have a correlation of 0.80, 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 YGLD.DE.
4GLD.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: Deutsche Börse Commodities and Leverage Shares. Their fees differ too: 0.00% for 4GLD.DE and 0.35% for YGLD.DE.
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