SCMN.SW vs. 4GLD.DE

Last updated Jun 5, 2026

SCMN.SW (Swisscom AG) is a stock, while 4GLD.DE (Xetra-Gold) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, SCMN.SW returned 7.64%/yr vs 11.29%/yr for 4GLD.DE. At a 0.02 correlation, their price movements are largely independent.

Performance

SCMN.SW vs. 4GLD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Swisscom AG (SCMN.SW) and Xetra-Gold (4GLD.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SCMN.SW is traded in CHF, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to CHF using the latest available exchange rates.

Returns By Period

In the year-to-date period, SCMN.SW achieves a 17.88% return, which is significantly higher than 4GLD.DE's 1.30% return. Over the past 10 years, SCMN.SW has underperformed 4GLD.DE with an annualized return of 7.64%, while 4GLD.DE has yielded a comparatively higher 11.29% annualized return.

SCMN.SW

• 1D: -0.46%
• 1M: -2.68%
• YTD: 17.88%
• 6M: 21.68%
• 1Y: 19.12%
• 3Y*: 9.03%
• 5Y*: 9.10%
• 10Y*: 7.64%

4GLD.DE

• 1D: 0.31%
• 1M: -1.47%
• YTD: 1.30%
• 6M: 4.26%
• 1Y: 27.80%
• 3Y*: 25.75%
• 5Y*: 15.68%
• 10Y*: 11.29%

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

SCMN.SW vs. 4GLD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCMN.SW Swisscom AG	17.88%	18.97%	3.85%	3.72%	2.51%	12.71%	-3.02%	14.26%	-5.00%	19.41%
4GLD.DE Xetra-Gold	1.35%	47.68%	36.25%	2.67%	2.42%	-0.70%	12.83%	16.98%	-0.73%	7.47%

Correlation

The correlation between SCMN.SW and 4GLD.DE is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 4, 2008	0.02

Return for Risk

SCMN.SW vs. 4GLD.DE — Risk / Return Rank

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

SCMN.SW

SCMN.SW Risk / Return Rank: 77
SCMN.SW Sharpe Ratio Rank: 78
SCMN.SW Sortino Ratio Rank: 77
SCMN.SW Omega Ratio Rank: 73
SCMN.SW Calmar Ratio Rank: 77
SCMN.SW Martin Ratio Rank: 80

4GLD.DE

4GLD.DE Risk / Return Rank: 36
4GLD.DE Sharpe Ratio Rank: 37
4GLD.DE Sortino Ratio Rank: 34
4GLD.DE Omega Ratio Rank: 40
4GLD.DE Calmar Ratio Rank: 38
4GLD.DE Martin Ratio Rank: 32

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.

SCMN.SW vs. 4GLD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swisscom AG (SCMN.SW) 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.

	SCMN.SW	4GLD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.22	+0.10
Sortino ratio: Return per unit of downside risk	2.11	1.67	+0.43
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.23	1.70	+0.53
Martin ratio: Return relative to average drawdown	6.26	4.43	+1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCMN.SW vs. 4GLD.DE - Sharpe Ratio Comparison

The current SCMN.SW Sharpe Ratio is 1.32, which is comparable to the 4GLD.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SCMN.SW and 4GLD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCMN.SW	4GLD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.22	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.98	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.79	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.43	-0.09

Drawdowns

SCMN.SW vs. 4GLD.DE - Drawdown Comparison

The maximum SCMN.SW drawdown since its inception was -49.50%, which is greater than 4GLD.DE's maximum drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for SCMN.SW and 4GLD.DE.

Drawdown Indicators

	SCMN.SW	4GLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.50%	-37.40%	-12.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-16.30%	+7.34%
Max Drawdown (3Y) Largest decline over 3 years	-12.47%	-16.30%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.75%	-16.31%	-7.44%
Max Drawdown (10Y) Largest decline over 10 years	-23.75%	-16.65%	-7.10%
Current Drawdown Current decline from peak	-6.62%	-14.39%	+7.77%
Average Drawdown Average peak-to-trough decline	-16.74%	-14.25%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	6.25%	-3.08%

Volatility

SCMN.SW vs. 4GLD.DE - Volatility Comparison

The current volatility for Swisscom AG (SCMN.SW) is 2.81%, while Xetra-Gold (4GLD.DE) has a volatility of 4.57%. This indicates that SCMN.SW 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

	SCMN.SW	4GLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.57%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	19.47%	-8.09%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	22.62%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	15.89%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	14.19%	+1.26%

Dividends

SCMN.SW vs. 4GLD.DE - Dividend Comparison

SCMN.SW's dividend yield for the trailing twelve months is around 3.98%, 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%
SCMN.SW Swisscom AG	3.98%	3.82%	4.36%	4.35%	4.34%	4.28%	4.61%	4.29%	4.68%	4.24%	4.82%	4.37%

Frequently Asked Questions

Can I hold both SCMN.SW and 4GLD.DE in my portfolio?

SCMN.SW and 4GLD.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.