UBUD.DE vs. 4GLD.DE

Last updated Jun 5, 2026

UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - UBUD.DE is a Precious Metals fund tracking the Solactive Global Pure Gold Miners, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, UBUD.DE returned 14.59%/yr vs 13.36%/yr for 4GLD.DE. A 0.69 correlation means they provide meaningful diversification when combined. UBUD.DE charges 0.43%/yr vs 0.00%/yr for 4GLD.DE.

Performance

UBUD.DE vs. 4GLD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and Xetra-Gold (4GLD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBUD.DE achieves a -6.38% return, which is significantly lower than 4GLD.DE's 2.80% return. Over the past 10 years, UBUD.DE has outperformed 4GLD.DE with an annualized return of 14.59%, while 4GLD.DE has yielded a comparatively lower 13.36% annualized return.

UBUD.DE

• 1D: -0.04%
• 1M: -3.95%
• YTD: -6.38%
• 6M: 0.94%
• 1Y: 47.84%
• 3Y*: 42.44%
• 5Y*: 24.10%
• 10Y*: 14.59%

4GLD.DE

• 1D: 0.57%
• 1M: -1.56%
• YTD: 2.80%
• 6M: 6.42%
• 1Y: 30.27%
• 3Y*: 28.18%
• 5Y*: 19.85%
• 10Y*: 13.36%

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

UBUD.DE vs. 4GLD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	-6.38%	144.52%	34.69%	6.34%	0.11%	-8.41%	15.71%	40.46%	-6.02%	-3.26%
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 UBUD.DE and 4GLD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 25, 2013	0.69

The correlation between UBUD.DE and 4GLD.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

UBUD.DE vs. 4GLD.DE — Risk / Return Rank

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

UBUD.DE

UBUD.DE Risk / Return Rank: 30
UBUD.DE Sharpe Ratio Rank: 29
UBUD.DE Sortino Ratio Rank: 29
UBUD.DE Omega Ratio Rank: 29
UBUD.DE Calmar Ratio Rank: 34
UBUD.DE Martin Ratio Rank: 29

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.

UBUD.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.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.

	UBUD.DE	4GLD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.31	-0.26
Sortino ratio: Return per unit of downside risk	1.54	1.76	-0.22
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.65	1.82	-0.18
Martin ratio: Return relative to average drawdown	4.06	4.63	-0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBUD.DE vs. 4GLD.DE - Sharpe Ratio Comparison

The current UBUD.DE Sharpe Ratio is 1.04, which is comparable to the 4GLD.DE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of UBUD.DE 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

	UBUD.DE	4GLD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	1.31	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	1.23	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.92	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.65	-0.38

Drawdowns

UBUD.DE vs. 4GLD.DE - Drawdown Comparison

The maximum UBUD.DE drawdown since its inception was -57.79%, 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 UBUD.DE and 4GLD.DE.

Drawdown Indicators

	UBUD.DE	4GLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-57.79%	-36.79%	-21.00%
Max Drawdown (1Y) Largest decline over 1 year	-28.94%	-16.54%	-12.40%
Max Drawdown (3Y) Largest decline over 3 years	-28.94%	-16.54%	-12.40%
Max Drawdown (5Y) Largest decline over 5 years	-38.21%	-16.54%	-21.67%
Max Drawdown (10Y) Largest decline over 10 years	-50.40%	-18.23%	-32.17%
Current Drawdown Current decline from peak	-27.15%	-14.95%	-12.20%
Average Drawdown Average peak-to-trough decline	-28.07%	-11.83%	-16.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.75%	6.52%	+5.23%

Volatility

UBUD.DE vs. 4GLD.DE - Volatility Comparison

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 13.71% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that UBUD.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.

Volatility by Period

	UBUD.DE	4GLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.71%	5.09%	+8.62%
Volatility (6M) Calculated over the trailing 6-month period	35.92%	20.09%	+15.83%
Volatility (1Y) Calculated over the trailing 1-year period	45.63%	23.06%	+22.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.68%	16.00%	+19.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.58%	14.37%	+21.21%

UBUD.DE vs. 4GLD.DE - Expense Ratio Comparison

UBUD.DE has a 0.43% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.

Dividends

UBUD.DE vs. 4GLD.DE - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, 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%
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	0.59%	0.40%	0.56%	1.74%	1.12%	1.15%	0.44%	0.42%	0.48%	0.46%	0.43%	1.38%

Frequently Asked Questions

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

UBUD.DE and 4GLD.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBUD.DE or 4GLD.DE?

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.

Which ETF is cheaper, UBUD.DE or 4GLD.DE?

4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.43% for UBUD.DE.

What is the main difference between UBUD.DE and 4GLD.DE?

UBUD.DE is categorized as Precious Metals, while 4GLD.DE is Gold. UBUD.DE tracks Solactive Global Pure Gold Miners, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: UBS and Deutsche Börse Commodities. Their fees differ too: 0.43% for UBUD.DE and 0.00% for 4GLD.DE.