HDX1.DE vs. 4GLD.DE
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - HDX1.DE is a Cryptocurrency fund tracking the Nasdaq Crypto Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, HDX1.DE returned 19.62%/yr vs 28.18%/yr for 4GLD.DE. At a 0.05 correlation, their price movements are largely independent. HDX1.DE charges 1.00%/yr vs 0.00%/yr for 4GLD.DE.
Performance
HDX1.DE vs. 4GLD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HDX1.DE achieves a -29.97% return, which is significantly lower than 4GLD.DE's 2.80% return.
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
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%
HDX1.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | -0.61% |
Correlation
The correlation between HDX1.DE and 4GLD.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDX1.DE vs. 4GLD.DE — Risk / Return Rank
HDX1.DE
4GLD.DE
HDX1.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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.
| HDX1.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.26 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.82 | -2.61 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.63 | -5.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HDX1.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 1.31 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.65 | -0.26 |
Drawdowns
HDX1.DE vs. 4GLD.DE - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -53.03%, 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 HDX1.DE and 4GLD.DE.
Loading charts...
Drawdown Indicators
| HDX1.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.03% | -36.79% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -53.03% | -16.54% | -36.49% |
Max Drawdown (3Y)Largest decline over 3 years | -53.03% | -16.54% | -36.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -53.03% | -14.95% | -38.08% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -11.83% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.87% | 6.52% | +24.35% |
Volatility
HDX1.DE vs. 4GLD.DE - Volatility Comparison
Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) has a higher volatility of 10.07% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that HDX1.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.
Loading charts...
Volatility by Period
| HDX1.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 5.09% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 32.86% | 20.09% | +12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.43% | 23.06% | +20.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.02% | 16.00% | +35.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.02% | 14.37% | +36.65% |
HDX1.DE vs. 4GLD.DE - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
HDX1.DE vs. 4GLD.DE - Dividend Comparison
Neither HDX1.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
HDX1.DE and 4GLD.DE have a correlation of 0.13, 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 1.00% for HDX1.DE.
HDX1.DE is categorized as Cryptocurrency, while 4GLD.DE is Gold. HDX1.DE tracks Nasdaq Crypto Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Hashdex and Deutsche Börse Commodities. Their fees differ too: 1.00% for HDX1.DE and 0.00% for 4GLD.DE.
Find the right allocation for HDX1.DE and 4GLD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer