IBCI.DE vs. 4GLD.DE
IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - IBCI.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Euro Government Inflation-Linked Bond Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IBCI.DE returned 1.55%/yr vs 13.36%/yr for 4GLD.DE. At a 0.22 correlation, their price movements are largely independent. IBCI.DE charges 0.09%/yr vs 0.00%/yr for 4GLD.DE.
Performance
IBCI.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCI.DE achieves a 3.15% return, which is significantly higher than 4GLD.DE's 2.80% return. Over the past 10 years, IBCI.DE has underperformed 4GLD.DE with an annualized return of 1.55%, while 4GLD.DE has yielded a comparatively higher 13.36% annualized return.
IBCI.DE
- 1D
- -0.08%
- 1M
- 0.19%
- YTD
- 3.15%
- 6M
- 2.77%
- 1Y
- 3.37%
- 3Y*
- 1.96%
- 5Y*
- 0.72%
- 10Y*
- 1.55%
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%
IBCI.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 3.15% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.83% | 6.31% | -1.54% | 1.05% |
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 IBCI.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.22 |
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Return for Risk
IBCI.DE vs. 4GLD.DE — Risk / Return Rank
IBCI.DE
4GLD.DE
IBCI.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.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.
| IBCI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.82 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.25 | 4.63 | -0.37 |
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
| IBCI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.31 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.23 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.92 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.65 | -0.39 |
Drawdowns
IBCI.DE vs. 4GLD.DE - Drawdown Comparison
The maximum IBCI.DE drawdown since its inception was -16.37%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for IBCI.DE and 4GLD.DE.
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Drawdown Indicators
| IBCI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -36.79% | +20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -16.54% | +14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -16.54% | +10.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -16.54% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -18.23% | +1.86% |
Current DrawdownCurrent decline from peak | -5.54% | -14.95% | +9.41% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -11.83% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 6.52% | -5.74% |
Volatility
IBCI.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) is 1.58%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that IBCI.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
| IBCI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 5.09% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 20.09% | -17.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 23.06% | -19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 16.00% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 14.37% | -8.21% |
IBCI.DE vs. 4GLD.DE - Expense Ratio Comparison
IBCI.DE has a 0.09% 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
IBCI.DE vs. 4GLD.DE - Dividend Comparison
Neither IBCI.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCI.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 0.09% for IBCI.DE.
IBCI.DE is categorized as Inflation-Protected Bonds, while 4GLD.DE is Gold. IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.09% for IBCI.DE and 0.00% for 4GLD.DE.
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