EXHD.DE vs. 4GLD.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - EXHD.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 5.5-10.5, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, EXHD.DE returned -1.06%/yr vs 13.36%/yr for 4GLD.DE. At a 0.26 correlation, their price movements are largely independent. EXHD.DE charges 0.16%/yr vs 0.00%/yr for 4GLD.DE.
Performance
EXHD.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than 4GLD.DE's 2.80% return. Over the past 10 years, EXHD.DE has underperformed 4GLD.DE with an annualized return of -1.06%, while 4GLD.DE has yielded a comparatively higher 13.36% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
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%
EXHD.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
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 EXHD.DE and 4GLD.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2008 | 0.26 |
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Return for Risk
EXHD.DE vs. 4GLD.DE — Risk / Return Rank
EXHD.DE
4GLD.DE
EXHD.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.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.
| EXHD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.82 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.91 | 4.63 | -5.53 |
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
| EXHD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 1.31 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 1.23 | -1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.92 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.65 | -0.31 |
Drawdowns
EXHD.DE vs. 4GLD.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and 4GLD.DE.
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Drawdown Indicators
| EXHD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -36.79% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -16.54% | +12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -16.54% | +11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -16.54% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -18.23% | -4.18% |
Current DrawdownCurrent decline from peak | -17.09% | -14.95% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -11.83% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 6.52% | -5.04% |
Volatility
EXHD.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) is 1.99%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that EXHD.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
| EXHD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 5.09% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 20.09% | -16.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 23.06% | -18.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 16.00% | -9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 14.37% | -9.21% |
EXHD.DE vs. 4GLD.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% 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
EXHD.DE vs. 4GLD.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while 4GLD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
Frequently Asked Questions
EXHD.DE and 4GLD.DE have a correlation of 0.32, 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 0.16% for EXHD.DE.
EXHD.DE is categorized as European Government Bonds, while 4GLD.DE is Gold. EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.16% for EXHD.DE and 0.00% for 4GLD.DE.
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