QDVA.DE vs. 4GLD.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.17%/yr vs 19.85%/yr for 4GLD.DE. At a 0.03 correlation, their price movements are largely independent. QDVA.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
QDVA.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVA.DE achieves a 30.20% return, which is significantly higher than 4GLD.DE's 2.80% return.
QDVA.DE
- 1D
- -2.00%
- 1M
- 9.95%
- YTD
- 30.20%
- 6M
- 29.85%
- 1Y
- 37.37%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
4GLD.DE
- 1D
- 0.57%
- 1M
- -3.86%
- YTD
- 2.80%
- 6M
- 6.64%
- 1Y
- 31.48%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
QDVA.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
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 QDVA.DE and 4GLD.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.03 |
The correlation between QDVA.DE and 4GLD.DE shifts across timeframes, from 0.03 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVA.DE vs. 4GLD.DE — Risk / Return Rank
QDVA.DE
4GLD.DE
QDVA.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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.
| QDVA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.82 | +2.06 |
| Martin ratioReturn relative to average drawdown | 12.67 | 4.63 | +8.05 |
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
| QDVA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.31 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.23 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.65 | +0.19 |
Drawdowns
QDVA.DE vs. 4GLD.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.34%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and 4GLD.DE.
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Drawdown Indicators
| QDVA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -36.79% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -16.54% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -16.54% | -9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -16.54% | -9.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -2.00% | -14.95% | +12.95% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -11.83% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 6.52% | -3.61% |
Volatility
QDVA.DE vs. 4GLD.DE - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 7.65% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that QDVA.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
| QDVA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 5.09% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 20.09% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 23.06% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 16.00% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 14.37% | +4.82% |
QDVA.DE vs. 4GLD.DE - Expense Ratio Comparison
QDVA.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
QDVA.DE vs. 4GLD.DE - Dividend Comparison
Neither QDVA.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and 4GLD.DE have a correlation of 0.17, 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 QDVA.DE.
QDVA.DE is categorized as Momentum, while 4GLD.DE is Gold. QDVA.DE tracks MSCI USA Momentum Index, 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 QDVA.DE and 0.00% for 4GLD.DE.
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