IS0X.DE vs. 4GLD.DE
IS0X.DE (iShares Global Corporate Bond UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - IS0X.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IS0X.DE returned 1.91%/yr vs 13.36%/yr for 4GLD.DE. At a 0.26 correlation, their price movements are largely independent. IS0X.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
IS0X.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0X.DE achieves a 1.22% return, which is significantly lower than 4GLD.DE's 2.80% return. Over the past 10 years, IS0X.DE has underperformed 4GLD.DE with an annualized return of 1.91%, while 4GLD.DE has yielded a comparatively higher 13.36% annualized return.
IS0X.DE
- 1D
- 0.05%
- 1M
- 0.85%
- YTD
- 1.22%
- 6M
- 0.79%
- 1Y
- 3.24%
- 3Y*
- 3.01%
- 5Y*
- 0.99%
- 10Y*
- 1.91%
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%
IS0X.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 1.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
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 IS0X.DE and 4GLD.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.26 |
Over the past year, the correlation between IS0X.DE and 4GLD.DE has dropped to 0.05 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
IS0X.DE vs. 4GLD.DE — Risk / Return Rank
IS0X.DE
4GLD.DE
IS0X.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (IS0X.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.
| IS0X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.82 | -0.42 |
| Martin ratioReturn relative to average drawdown | 3.02 | 4.63 | -1.61 |
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
| IS0X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.31 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 1.23 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.92 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.65 | -0.26 |
Drawdowns
IS0X.DE vs. 4GLD.DE - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -13.65%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for IS0X.DE and 4GLD.DE.
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Drawdown Indicators
| IS0X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -36.79% | +23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -16.54% | +14.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -16.54% | +8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -16.54% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -13.65% | -18.23% | +4.58% |
Current DrawdownCurrent decline from peak | -3.15% | -14.95% | +11.80% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -11.83% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 6.52% | -5.55% |
Volatility
IS0X.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (IS0X.DE) is 1.13%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that IS0X.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
| IS0X.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 5.09% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 20.09% | -17.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 23.06% | -18.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 16.00% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 14.37% | -7.81% |
IS0X.DE vs. 4GLD.DE - Expense Ratio Comparison
IS0X.DE has a 0.20% 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
IS0X.DE vs. 4GLD.DE - Dividend Comparison
IS0X.DE's dividend yield for the trailing twelve months is around 4.25%, 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% |
IS0X.DE iShares Global Corporate Bond UCITS ETF | 4.25% | 4.22% | 3.80% | 3.35% | 2.65% | 2.03% | 2.45% | 2.68% | 2.59% | 2.64% | 2.57% | 2.61% |
Frequently Asked Questions
IS0X.DE and 4GLD.DE have a correlation of 0.05, 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 0.20% for IS0X.DE.
IS0X.DE is categorized as Global Corporate Bonds, while 4GLD.DE is Gold. IS0X.DE tracks Bloomberg Global Aggregate Corporate, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.20% for IS0X.DE and 0.00% for 4GLD.DE.
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