IS0E.DE vs. 4GLD.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IS0E.DE returned 13.92%/yr vs 13.36%/yr for 4GLD.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS0E.DE charges 0.55%/yr vs 0.00%/yr for 4GLD.DE.
Performance
IS0E.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% 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 IS0E.DE having a 13.92% annualized return and 4GLD.DE not far behind at 13.36%.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
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%
IS0E.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
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 IS0E.DE and 4GLD.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.72 |
The correlation between IS0E.DE and 4GLD.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. 4GLD.DE — Risk / Return Rank
IS0E.DE
4GLD.DE
IS0E.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.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.
| IS0E.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.82 | +0.35 |
| Martin ratioReturn relative to average drawdown | 5.45 | 4.63 | +0.83 |
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
| IS0E.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.31 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.23 | -0.65 |
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 | 0.18 | 0.65 | -0.47 |
Drawdowns
IS0E.DE vs. 4GLD.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, 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 IS0E.DE and 4GLD.DE.
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Drawdown Indicators
| IS0E.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -36.79% | -34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -16.54% | -10.72% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -16.54% | -10.72% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -16.54% | -21.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -18.23% | -27.39% |
Current DrawdownCurrent decline from peak | -22.93% | -14.95% | -7.98% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -11.83% | -21.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 6.52% | +4.33% |
Volatility
IS0E.DE vs. 4GLD.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that IS0E.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
| IS0E.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 5.09% | +7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 20.09% | +13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 23.06% | +24.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 16.00% | +17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 14.37% | +18.16% |
IS0E.DE vs. 4GLD.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
IS0E.DE vs. 4GLD.DE - Dividend Comparison
Neither IS0E.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and 4GLD.DE have a correlation of 0.77, 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 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while 4GLD.DE is Gold. IS0E.DE tracks S&P Commodity Producers Gold, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.55% for IS0E.DE and 0.00% for 4GLD.DE.
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