ETHA.DE vs. 4GLD.DE
ETHA.DE (21Shares Ethereum Staking ETP) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - ETHA.DE is a Cryptocurrency fund actively managed by 21Shares, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. ETHA.DE is actively managed, while 4GLD.DE is passively managed. Over the past 3 years, ETHA.DE returned -0.83%/yr vs 25.74%/yr for 4GLD.DE. At a 0.02 correlation, their price movements are largely independent. ETHA.DE charges 1.49%/yr vs 0.00%/yr for 4GLD.DE.
Performance
ETHA.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA.DE achieves a -34.84% return, which is significantly lower than 4GLD.DE's -6.30% return.
ETHA.DE
- 1D
- 0.00%
- 1M
- 8.33%
- 6M
- -41.54%
- YTD
- -34.84%
- 1Y
- -44.18%
- 3Y*
- -0.83%
- 5Y*
- —
- 10Y*
- —
4GLD.DE
- 1D
- 0.02%
- 1M
- -6.66%
- 6M
- -11.44%
- YTD
- -6.30%
- 1Y
- 21.95%
- 3Y*
- 25.74%
- 5Y*
- 17.99%
- 10Y*
- 11.23%
ETHA.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -34.84% | -22.34% | 52.23% | 90.31% | -66.47% | -0.42% |
4GLD.DE Xetra-Gold | -6.30% | 49.32% | 34.57% | 9.33% | 7.12% | 3.25% |
Correlation
The correlation between ETHA.DE and 4GLD.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021 | 0.02 |
The correlation between ETHA.DE and 4GLD.DE shifts across timeframes, from 0.02 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHA.DE vs. 4GLD.DE — Risk / Return Rank
ETHA.DE
4GLD.DE
ETHA.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) 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.
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.
| ETHA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.97 | -1.65 |
| Martin ratioReturn relative to average drawdown | -1.05 | 2.29 | -3.34 |
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Drawdowns
ETHA.DE vs. 4GLD.DE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, which is greater than 4GLD.DE's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and 4GLD.DE.
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Drawdown Indicators
| ETHA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -36.79% | -40.03% |
Max Drawdown (1Y)Largest decline over 1 year | -65.73% | -22.49% | -43.24% |
Max Drawdown (3Y)Largest decline over 3 years | -65.73% | -22.49% | -43.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.49% | — |
Current DrawdownCurrent decline from peak | -61.61% | -22.48% | -39.13% |
Average DrawdownAverage peak-to-trough decline | -45.87% | -12.08% | -33.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.11% | 9.55% | +32.56% |
Volatility
ETHA.DE vs. 4GLD.DE - Volatility Comparison
21Shares Ethereum Staking ETP (ETHA.DE) has a higher volatility of 13.25% compared to Xetra-Gold (4GLD.DE) at 6.27%. This indicates that ETHA.DE'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
| ETHA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.25% | 6.27% | +6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 41.09% | 21.10% | +19.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.94% | 24.42% | +34.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.34% | 16.50% | +49.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.34% | 14.51% | +51.83% |
ETHA.DE vs. 4GLD.DE - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
ETHA.DE vs. 4GLD.DE - Dividend Comparison
Neither ETHA.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
ETHA.DE and 4GLD.DE have a correlation of 0.21, 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 1.49% for ETHA.DE.
ETHA.DE is categorized as Cryptocurrency, while 4GLD.DE is Gold. They also come from different issuers: 21Shares and Deutsche Börse Commodities. Their fees differ too: 1.49% for ETHA.DE and 0.00% for 4GLD.DE.
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