SXRS.DE vs. 4GLD.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 19.85%/yr for 4GLD.DE. At a 0.30 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.00%/yr for 4GLD.DE.
Performance
SXRS.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than 4GLD.DE's 2.80% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.59%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 33.81%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 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%
SXRS.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 2.91% |
Correlation
The correlation between SXRS.DE and 4GLD.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.30 |
The correlation between SXRS.DE and 4GLD.DE shifts across timeframes, from 0.19 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. 4GLD.DE — Risk / Return Rank
SXRS.DE
4GLD.DE
SXRS.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.82 | +2.18 |
| Martin ratioReturn relative to average drawdown | 8.95 | 4.63 | +4.32 |
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
| SXRS.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.31 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.23 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.65 | -0.11 |
Drawdowns
SXRS.DE vs. 4GLD.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and 4GLD.DE.
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Drawdown Indicators
| SXRS.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -36.79% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -16.54% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -16.54% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -16.54% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -4.99% | -14.95% | +9.96% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -11.83% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 6.52% | -2.60% |
Volatility
SXRS.DE vs. 4GLD.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that SXRS.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
| SXRS.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 5.09% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 20.09% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 23.06% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.00% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 14.37% | +1.48% |
SXRS.DE vs. 4GLD.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% 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
SXRS.DE vs. 4GLD.DE - Dividend Comparison
Neither SXRS.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and 4GLD.DE have a correlation of 0.19, 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 0.19% for SXRS.DE.
SXRS.DE is categorized as Commodities, while 4GLD.DE is Gold. SXRS.DE tracks Bloomberg Commodity, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: iShares and Deutsche Börse Commodities. Their fees differ too: 0.19% for SXRS.DE and 0.00% for 4GLD.DE.
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