EUNL.DE vs. 4GLD.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.82%/yr vs 13.36%/yr for 4GLD.DE. At a 0.06 correlation, their price movements are largely independent. EUNL.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
EUNL.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 10.86% return, which is significantly higher than 4GLD.DE's 2.80% return. Both investments have delivered pretty close results over the past 10 years, with EUNL.DE having a 12.82% annualized return and 4GLD.DE not far ahead at 13.36%.
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
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%
EUNL.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
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 EUNL.DE and 4GLD.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.06 |
The correlation between EUNL.DE and 4GLD.DE shifts across timeframes, from 0.02 (10 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNL.DE vs. 4GLD.DE — Risk / Return Rank
EUNL.DE
4GLD.DE
EUNL.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| EUNL.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.82 | +1.82 |
| Martin ratioReturn relative to average drawdown | 14.52 | 4.63 | +9.89 |
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
| EUNL.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.31 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.23 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.92 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Drawdowns
EUNL.DE vs. 4GLD.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and 4GLD.DE.
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Drawdown Indicators
| EUNL.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -36.79% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -16.54% | +10.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -16.54% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -16.54% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -18.23% | -15.40% |
Current DrawdownCurrent decline from peak | -0.31% | -14.95% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -11.83% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 6.52% | -4.88% |
Volatility
EUNL.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 2.62%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that EUNL.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
| EUNL.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 5.09% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 20.09% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 23.06% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 16.00% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 14.37% | +0.80% |
EUNL.DE vs. 4GLD.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% 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
EUNL.DE vs. 4GLD.DE - Dividend Comparison
Neither EUNL.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNL.DE and 4GLD.DE have a correlation of 0.22, 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 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while 4GLD.DE is Gold. EUNL.DE tracks MSCI World Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.20% for EUNL.DE and 0.00% for 4GLD.DE.
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