IS3K.DE vs. 4GLD.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and Xetra-Gold ETF (4GLD.DE).

IS3K.DE and 4GLD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IS3K.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® USD Liquid High Yield 0-5 Capped. It was launched on Oct 15, 2013. 4GLD.DE is a passively managed fund by Xetra that tracks the performance of the LBMA Gold Price. It was launched on Nov 27, 2007. Both IS3K.DE and 4GLD.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IS3K.DE vs. 4GLD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and Xetra-Gold ETF (4GLD.DE). The values are adjusted to include any dividend payments, if applicable.

IS3K.DE vs. 4GLD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF	1.16%	-4.31%	12.26%	4.68%	1.95%	12.07%	-6.16%	11.71%	4.17%	-9.09%
4GLD.DE Xetra-Gold ETF	10.04%	49.32%	34.57%	9.32%	7.12%	4.03%	13.05%	21.25%	3.20%	-1.67%

Returns By Period

In the year-to-date period, IS3K.DE achieves a 1.16% return, which is significantly lower than 4GLD.DE's 10.04% return. Over the past 10 years, IS3K.DE has underperformed 4GLD.DE with an annualized return of 4.27%, while 4GLD.DE has yielded a comparatively higher 14.46% annualized return.

IS3K.DE

• 1D: -0.30%
• 1M: 0.00%
• YTD: 1.16%
• 6M: 1.69%
• 1Y: -1.70%
• 3Y*: 4.11%
• 5Y*: 4.19%
• 10Y*: 4.27%

4GLD.DE

• 1D: 2.84%
• 1M: -8.96%
• YTD: 10.04%
• 6M: 25.03%
• 1Y: 42.30%
• 3Y*: 31.29%
• 5Y*: 22.89%
• 10Y*: 14.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS3K.DE vs. 4GLD.DE - Expense Ratio Comparison

IS3K.DE has a 0.45% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.

IS3K.DE

iShares USD Short Duration High Yield Corporate Bond UCITS ETF

4GLD.DE

Xetra-Gold ETF

Return for Risk

IS3K.DE vs. 4GLD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS3K.DE

IS3K.DE Risk / Return Rank: 7
IS3K.DE Sharpe Ratio Rank: 8
IS3K.DE Sortino Ratio Rank: 7
IS3K.DE Omega Ratio Rank: 7
IS3K.DE Calmar Ratio Rank: 7
IS3K.DE Martin Ratio Rank: 7

4GLD.DE

4GLD.DE Risk / Return Rank: 84
4GLD.DE Sharpe Ratio Rank: 85
4GLD.DE Sortino Ratio Rank: 83
4GLD.DE Omega Ratio Rank: 83
4GLD.DE Calmar Ratio Rank: 84
4GLD.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IS3K.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and Xetra-Gold ETF (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.

	IS3K.DE	4GLD.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.21	1.77	-1.98
Sortino ratio Return per unit of downside risk	-0.22	2.26	-2.49
Omega ratio Gain probability vs. loss probability	0.97	1.34	-0.37
Calmar ratio Return relative to maximum drawdown	-0.30	2.60	-2.90
Martin ratio Return relative to average drawdown	-0.63	9.88	-10.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS3K.DE vs. 4GLD.DE - Sharpe Ratio Comparison

The current IS3K.DE Sharpe Ratio is -0.21, which is lower than the 4GLD.DE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IS3K.DE and 4GLD.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IS3K.DE	4GLD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	1.77	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	1.43	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	1.01	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.68	-0.13

Correlation

The correlation between IS3K.DE and 4GLD.DE is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IS3K.DE vs. 4GLD.DE - Dividend Comparison

IS3K.DE's dividend yield for the trailing twelve months is around 7.23%, while 4GLD.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF	7.23%	5.70%	5.95%	5.19%	4.12%	3.55%	4.31%	4.69%	4.78%	4.97%	5.17%	4.61%
4GLD.DE Xetra-Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IS3K.DE vs. 4GLD.DE - Drawdown Comparison

The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and 4GLD.DE.

Drawdown Indicators

	IS3K.DE	4GLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.93%	-36.79%	+18.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-16.54%	+9.62%
Max Drawdown (5Y) Largest decline over 5 years	-11.25%	-16.54%	+5.29%
Max Drawdown (10Y) Largest decline over 10 years	-17.93%	-18.23%	+0.30%
Current Drawdown Current decline from peak	-5.93%	-8.96%	+3.03%
Average Drawdown Average peak-to-trough decline	-4.49%	-11.83%	+7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	4.35%	-2.23%

Volatility

IS3K.DE vs. 4GLD.DE - Volatility Comparison

The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 1.85%, while Xetra-Gold ETF (4GLD.DE) has a volatility of 11.15%. This indicates that IS3K.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.

Volatility by Period

	IS3K.DE	4GLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	11.15%	-9.30%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	21.02%	-16.82%
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	23.76%	-15.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.19%	15.78%	-8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.91%	14.26%	-6.35%