G2X.DE vs. 4GLD.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, G2X.DE returned 13.83%/yr vs 13.36%/yr for 4GLD.DE. A 0.72 correlation means they provide meaningful diversification when combined. G2X.DE charges 0.53%/yr vs 0.00%/yr for 4GLD.DE.
Performance
G2X.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2X.DE achieves a -1.03% return, which is significantly lower than 4GLD.DE's 2.80% return. Both investments have delivered pretty close results over the past 10 years, with G2X.DE having a 13.83% annualized return and 4GLD.DE not far behind at 13.36%.
G2X.DE
- 1D
- 1.09%
- 1M
- 0.55%
- YTD
- -1.03%
- 6M
- 7.50%
- 1Y
- 61.05%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
G2X.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
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 G2X.DE and 4GLD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.72 |
The correlation between G2X.DE and 4GLD.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
G2X.DE vs. 4GLD.DE — Risk / Return Rank
G2X.DE
4GLD.DE
G2X.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.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.
| G2X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.82 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.63 | +0.86 |
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
| G2X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.31 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.23 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.92 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.65 | -0.21 |
Drawdowns
G2X.DE vs. 4GLD.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, 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 G2X.DE and 4GLD.DE.
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Drawdown Indicators
| G2X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -36.79% | -9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -16.54% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -16.54% | -11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -16.54% | -22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -18.23% | -27.81% |
Current DrawdownCurrent decline from peak | -23.34% | -14.95% | -8.39% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -11.83% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 6.52% | +4.57% |
Volatility
G2X.DE vs. 4GLD.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that G2X.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
| G2X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 5.09% | +8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 20.09% | +14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 23.06% | +19.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 16.00% | +17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 14.37% | +17.96% |
G2X.DE vs. 4GLD.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
G2X.DE vs. 4GLD.DE - Dividend Comparison
Neither G2X.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and 4GLD.DE have a correlation of 0.78, 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 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while 4GLD.DE is Gold. G2X.DE tracks NYSE Arca Gold Miners, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: VanEck and Deutsche Börse Commodities. Their fees differ too: 0.53% for G2X.DE and 0.00% for 4GLD.DE.
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