ESIE.L vs. 4GLD.DE
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, ESIE.L returned 20.09%/yr vs 19.86%/yr for 4GLD.DE. At a 0.03 correlation, their price movements are largely independent. ESIE.L charges 0.18%/yr vs 0.00%/yr for 4GLD.DE.
Performance
ESIE.L vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
ESIE.L is traded in GBP, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIE.L achieves a 35.58% return, which is significantly higher than 4GLD.DE's 1.32% return.
ESIE.L
- 1D
- 2.01%
- 1M
- -0.45%
- YTD
- 35.58%
- 6M
- 31.87%
- 1Y
- 58.97%
- 3Y*
- 18.27%
- 5Y*
- 20.09%
- 10Y*
- —
4GLD.DE
- 1D
- -1.23%
- 1M
- -1.20%
- YTD
- 1.32%
- 6M
- 4.50%
- 1Y
- 33.49%
- 3Y*
- 28.12%
- 5Y*
- 19.86%
- 10Y*
- 14.46%
ESIE.L vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.58% | 20.13% | -9.70% | 6.04% | 44.68% | 26.96% | 1.47% |
4GLD.DE Xetra-Gold | 1.32% | 57.09% | 28.71% | 7.13% | 12.98% | -3.31% | 0.15% |
Correlation
The correlation between ESIE.L and 4GLD.DE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.03 |
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Return for Risk
ESIE.L vs. 4GLD.DE — Risk / Return Rank
ESIE.L
4GLD.DE
ESIE.L vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and Xetra-Gold (4GLD.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.
| ESIE.L | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.28 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 1.93 | +2.91 |
| Martin ratioReturn relative to average drawdown | 14.81 | 5.15 | +9.66 |
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
| ESIE.L | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.44 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.21 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.65 | +0.22 |
Drawdowns
ESIE.L vs. 4GLD.DE - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, smaller than the maximum 4GLD.DE drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for ESIE.L and 4GLD.DE.
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Drawdown Indicators
| ESIE.L | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -40.90% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -17.27% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -17.27% | -10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -17.27% | -10.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.46% | — |
Current DrawdownCurrent decline from peak | -6.04% | -16.16% | +10.12% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -12.90% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 6.48% | -2.51% |
Volatility
ESIE.L vs. 4GLD.DE - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 8.04% compared to Xetra-Gold (4GLD.DE) at 5.57%. This indicates that ESIE.L's price experiences larger fluctuations and is considered to be riskier than 4GLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIE.L | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.57% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 19.14% | 20.03% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 23.11% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 16.20% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 15.78% | +8.81% |
ESIE.L vs. 4GLD.DE - Expense Ratio Comparison
ESIE.L has a 0.18% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESIE.L vs. 4GLD.DE - Dividend Comparison
Neither ESIE.L nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIE.L and 4GLD.DE have a correlation of -0.00, 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 0.18% for ESIE.L.
ESIE.L is categorized as Energy Equities, while 4GLD.DE is Gold. ESIE.L tracks MSCI World/Energy NR USD, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.18% for ESIE.L and 0.00% for 4GLD.DE.
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