SGBX.L vs. 4GLD.DE
SGBX.L (WisdomTree Physical Swiss Gold) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - SGBX.L is a Precious Metals fund tracking the Gold, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 20.01%/yr for 4GLD.DE. Their correlation of 0.91 suggests significant overlap in exposure. SGBX.L charges 0.15%/yr vs 0.00%/yr for 4GLD.DE.
Performance
SGBX.L vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
SGBX.L is traded in GBp, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGBX.L achieves a 3.86% return, which is significantly higher than 4GLD.DE's 1.94% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
4GLD.DE
- 1D
- 0.65%
- 1M
- -3.52%
- YTD
- 1.94%
- 6M
- 5.20%
- 1Y
- 34.60%
- 3Y*
- 28.35%
- 5Y*
- 20.01%
- 10Y*
- 14.46%
SGBX.L vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
4GLD.DE Xetra-Gold | 1.94% | 57.09% | 28.71% | 7.13% | 12.98% | -3.31% | 19.44% | 14.94% | 4.66% | -3.36% |
Correlation
The correlation between SGBX.L and 4GLD.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.91 |
The correlation between SGBX.L and 4GLD.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
SGBX.L vs. 4GLD.DE — Risk / Return Rank
SGBX.L
4GLD.DE
SGBX.L vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) 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.
| SGBX.L | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.94 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.94 | 5.13 | -0.19 |
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
| SGBX.L | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.45 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.22 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.65 | +0.25 |
Drawdowns
SGBX.L vs. 4GLD.DE - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, smaller than the maximum 4GLD.DE drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for SGBX.L and 4GLD.DE.
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Drawdown Indicators
| SGBX.L | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -40.90% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -17.27% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -17.27% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -17.27% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.46% | — |
Current DrawdownCurrent decline from peak | -16.26% | -15.64% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -12.90% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 6.56% | +0.20% |
Volatility
SGBX.L vs. 4GLD.DE - Volatility Comparison
WisdomTree Physical Swiss Gold (SGBX.L) and Xetra-Gold (4GLD.DE) have volatilities of 5.08% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGBX.L | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.09% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 19.99% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 23.11% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.20% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 15.78% | -0.61% |
SGBX.L vs. 4GLD.DE - Expense Ratio Comparison
SGBX.L has a 0.15% 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
SGBX.L vs. 4GLD.DE - Dividend Comparison
Neither SGBX.L nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SGBX.L and 4GLD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for SGBX.L.
SGBX.L is categorized as Precious Metals, while 4GLD.DE is Gold. SGBX.L tracks Gold, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: WisdomTree and Deutsche Börse Commodities. Their fees differ too: 0.15% for SGBX.L and 0.00% for 4GLD.DE.
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