EUNK.DE vs. 4GLD.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - EUNK.DE is a Europe Equities fund tracking the MSCI Europe, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.16%/yr vs 13.36%/yr for 4GLD.DE. At a 0.03 correlation, their price movements are largely independent. EUNK.DE charges 0.12%/yr vs 0.00%/yr for 4GLD.DE.
Performance
EUNK.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNK.DE achieves a 7.32% return, which is significantly higher than 4GLD.DE's 2.80% return. Over the past 10 years, EUNK.DE has underperformed 4GLD.DE with an annualized return of 9.16%, while 4GLD.DE has yielded a comparatively higher 13.36% annualized return.
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
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%
EUNK.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 3.20% | -1.67% |
Correlation
The correlation between EUNK.DE and 4GLD.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.03 |
Over the past year, EUNK.DE and 4GLD.DE have become more correlated (0.26) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
EUNK.DE vs. 4GLD.DE — Risk / Return Rank
EUNK.DE
4GLD.DE
EUNK.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| EUNK.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.82 | -0.14 |
| Martin ratioReturn relative to average drawdown | 6.26 | 4.63 | +1.63 |
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
| EUNK.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.31 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.23 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.92 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.65 | -0.13 |
Drawdowns
EUNK.DE vs. 4GLD.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, roughly equal to the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and 4GLD.DE.
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Drawdown Indicators
| EUNK.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -36.79% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -16.54% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -16.54% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -16.54% | -2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -18.23% | -17.22% |
Current DrawdownCurrent decline from peak | -1.68% | -14.95% | +13.27% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -11.83% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 6.52% | -3.95% |
Volatility
EUNK.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) is 4.33%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that EUNK.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUNK.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.09% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 20.09% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 23.06% | -10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 16.00% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 14.37% | +1.12% |
EUNK.DE vs. 4GLD.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% 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
EUNK.DE vs. 4GLD.DE - Dividend Comparison
Neither EUNK.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNK.DE and 4GLD.DE have a correlation of 0.26, 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 0.12% for EUNK.DE.
EUNK.DE is categorized as Europe Equities, while 4GLD.DE is Gold. EUNK.DE tracks MSCI Europe, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.12% for EUNK.DE and 0.00% for 4GLD.DE.
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