VVMX.DE vs. 4GLD.DE
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 27.05%/yr for 4GLD.DE. At a 0.17 correlation, their price movements are largely independent. VVMX.DE charges 0.59%/yr vs 0.00%/yr for 4GLD.DE.
Performance
VVMX.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVMX.DE achieves a 30.24% return, which is significantly higher than 4GLD.DE's -0.02% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -7.17%
- YTD
- 30.24%
- 6M
- 35.17%
- 1Y
- 147.55%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
4GLD.DE
- 1D
- -0.35%
- 1M
- -6.50%
- YTD
- -0.02%
- 6M
- 3.79%
- 1Y
- 27.88%
- 3Y*
- 27.05%
- 5Y*
- 19.19%
- 10Y*
- 12.76%
VVMX.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
4GLD.DE Xetra-Gold | -0.02% | 49.32% | 34.57% | 9.33% | 7.12% | 6.87% |
Correlation
The correlation between VVMX.DE and 4GLD.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.17 |
Over the past year, VVMX.DE and 4GLD.DE have become more correlated (0.42) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
VVMX.DE vs. 4GLD.DE — Risk / Return Rank
VVMX.DE
4GLD.DE
VVMX.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.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.
| VVMX.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 1.63 | +5.95 |
| Martin ratioReturn relative to average drawdown | 19.66 | 4.17 | +15.49 |
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
| VVMX.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 1.22 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.67 | -0.65 |
Drawdowns
VVMX.DE vs. 4GLD.DE - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, 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 VVMX.DE and 4GLD.DE.
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Drawdown Indicators
| VVMX.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -36.79% | -36.47% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -17.28% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -17.28% | -44.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -25.51% | -17.28% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -41.23% | -12.02% | -29.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 6.78% | +1.11% |
Volatility
VVMX.DE vs. 4GLD.DE - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a higher volatility of 12.59% compared to Xetra-Gold (4GLD.DE) at 5.23%. This indicates that VVMX.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
| VVMX.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 5.23% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 20.23% | +11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 23.20% | +22.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.38% | 16.15% | +20.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.38% | 14.49% | +21.89% |
VVMX.DE vs. 4GLD.DE - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
VVMX.DE vs. 4GLD.DE - Dividend Comparison
Neither VVMX.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
VVMX.DE and 4GLD.DE have a correlation of 0.42, 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 0.59% for VVMX.DE.
VVMX.DE is categorized as Commodity Producers Equities, while 4GLD.DE is Gold. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: VanEck and Deutsche Börse Commodities. Their fees differ too: 0.59% for VVMX.DE and 0.00% for 4GLD.DE.
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