QDVI.DE vs. 4GLD.DE
QDVI.DE (iShares Edge MSCI USA Value Factor UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - QDVI.DE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, QDVI.DE returned 16.46%/yr vs 18.21%/yr for 4GLD.DE. At a correlation of -0.01, they often move in opposite directions. QDVI.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
QDVI.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVI.DE achieves a 43.32% return, which is significantly higher than 4GLD.DE's -5.42% return.
QDVI.DE
- 1D
- -2.14%
- 1M
- -4.08%
- 6M
- 36.82%
- YTD
- 43.32%
- 1Y
- 72.94%
- 3Y*
- 28.34%
- 5Y*
- 16.46%
- 10Y*
- —
4GLD.DE
- 1D
- -0.72%
- 1M
- -5.66%
- 6M
- -11.04%
- YTD
- -5.42%
- 1Y
- 23.40%
- 3Y*
- 26.67%
- 5Y*
- 18.21%
- 10Y*
- 11.41%
QDVI.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVI.DE iShares Edge MSCI USA Value Factor UCITS ETF | 43.32% | 18.62% | 12.57% | 10.74% | -9.92% | 41.15% | -10.83% | 29.88% | -8.08% | 6.91% |
4GLD.DE Xetra-Gold | -5.42% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 13.03% | 21.27% | 3.19% | -1.67% |
Correlation
The correlation between QDVI.DE and 4GLD.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | -0.01 |
The correlation between QDVI.DE and 4GLD.DE shifts across timeframes, from -0.01 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVI.DE vs. 4GLD.DE — Risk / Return Rank
QDVI.DE
4GLD.DE
QDVI.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QDVI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.19 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 10.52 | 1.05 | +9.47 |
| Martin ratioReturn relative to average drawdown | 38.54 | 2.50 | +36.04 |
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Drawdowns
QDVI.DE vs. 4GLD.DE - Drawdown Comparison
The maximum QDVI.DE drawdown since its inception was -38.94%, 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 QDVI.DE and 4GLD.DE.
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Drawdown Indicators
| QDVI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.94% | -36.79% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -22.17% | +15.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -22.17% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.11% | -22.17% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.17% | — |
Current DrawdownCurrent decline from peak | -6.60% | -21.75% | +15.15% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -12.07% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 9.33% | -7.44% |
Volatility
QDVI.DE vs. 4GLD.DE - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.DE) has a higher volatility of 7.30% compared to Xetra-Gold (4GLD.DE) at 6.54%. This indicates that QDVI.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
| QDVI.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.54% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 21.13% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 24.40% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.50% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 14.51% | +4.39% |
QDVI.DE vs. 4GLD.DE - Expense Ratio Comparison
QDVI.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
QDVI.DE vs. 4GLD.DE - Dividend Comparison
Neither QDVI.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVI.DE and 4GLD.DE have a correlation of 0.21, 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 QDVI.DE.
QDVI.DE is categorized as Large Cap Value Equities, while 4GLD.DE is Gold. QDVI.DE tracks MSCI USA Enhanced Value, 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 QDVI.DE and 0.00% for 4GLD.DE.
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