VUAA.DE vs. 4GLD.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.61%/yr vs 19.59%/yr for 4GLD.DE. At a 0.05 correlation, their price movements are largely independent. VUAA.DE charges 0.07%/yr vs 0.00%/yr for 4GLD.DE.
Performance
VUAA.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 11.52% return, which is significantly higher than 4GLD.DE's 0.25% return.
VUAA.DE
- 1D
- 1.42%
- 1M
- 2.00%
- YTD
- 11.52%
- 6M
- 12.86%
- 1Y
- 26.67%
- 3Y*
- 18.58%
- 5Y*
- 14.61%
- 10Y*
- —
4GLD.DE
- 1D
- 2.95%
- 1M
- -4.05%
- YTD
- 0.25%
- 6M
- 2.33%
- 1Y
- 26.79%
- 3Y*
- 27.91%
- 5Y*
- 19.59%
- 10Y*
- 12.59%
VUAA.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.52% | 4.69% | 32.69% | 22.51% | -14.29% | 40.75% | 5.89% |
4GLD.DE Xetra-Gold | 0.25% | 49.32% | 34.57% | 9.33% | 7.12% | 4.03% | 7.17% |
Correlation
The correlation between VUAA.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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.05 |
The correlation between VUAA.DE and 4GLD.DE shifts across timeframes, from 0.05 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.DE vs. 4GLD.DE — Risk / Return Rank
VUAA.DE
4GLD.DE
VUAA.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.
| VUAA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.23 | +2.56 |
| Martin ratioReturn relative to average drawdown | 13.55 | 3.72 | +9.83 |
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Drawdowns
VUAA.DE vs. 4GLD.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and 4GLD.DE.
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Drawdown Indicators
| VUAA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -36.79% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -21.73% | +14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -21.73% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -21.73% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.73% | — |
Current DrawdownCurrent decline from peak | -0.35% | -17.06% | +16.71% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -12.03% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 7.19% | -5.23% |
Volatility
VUAA.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 3.33%, while Xetra-Gold (4GLD.DE) has a volatility of 7.32%. This indicates that VUAA.DE 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.
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Volatility by Period
| VUAA.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 7.32% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 21.00% | -13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 23.89% | -12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 16.35% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 14.57% | +3.04% |
VUAA.DE vs. 4GLD.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% 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
VUAA.DE vs. 4GLD.DE - Dividend Comparison
Neither VUAA.DE nor 4GLD.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
VUAA.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 0.07% for VUAA.DE.
VUAA.DE is categorized as S&P 500, while 4GLD.DE is Gold. VUAA.DE tracks S&P 500 Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Vanguard and Deutsche Börse Commodities. Their fees differ too: 0.07% for VUAA.DE and 0.00% for 4GLD.DE.
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