VVSM.DE vs. 4GLD.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, VVSM.DE returned 38.05%/yr vs 19.85%/yr for 4GLD.DE. At a 0.02 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 0.00%/yr for 4GLD.DE.
Performance
VVSM.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVSM.DE achieves a 86.02% return, which is significantly higher than 4GLD.DE's 2.80% return.
VVSM.DE
- 1D
- -2.77%
- 1M
- 14.51%
- YTD
- 86.02%
- 6M
- 83.36%
- 1Y
- 162.30%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 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%
VVSM.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.38% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 1.16% |
Correlation
The correlation between VVSM.DE and 4GLD.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.02 |
The correlation between VVSM.DE and 4GLD.DE shifts across timeframes, from 0.01 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VVSM.DE vs. 4GLD.DE — Risk / Return Rank
VVSM.DE
4GLD.DE
VVSM.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
| VVSM.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.26 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 14.16 | 1.82 | +12.34 |
| Martin ratioReturn relative to average drawdown | 48.94 | 4.63 | +44.31 |
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
| VVSM.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.17 | 1.31 | +3.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.23 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.65 | +0.59 |
Drawdowns
VVSM.DE vs. 4GLD.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.64%, roughly equal to the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and 4GLD.DE.
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Drawdown Indicators
| VVSM.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -36.79% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -16.54% | +4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -16.54% | -20.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.64% | -16.54% | -21.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -2.77% | -14.95% | +12.18% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -11.83% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 6.52% | -3.14% |
Volatility
VVSM.DE vs. 4GLD.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 12.04% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that VVSM.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
| VVSM.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 5.09% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.35% | 20.09% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.92% | 23.06% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.15% | 16.00% | +15.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.81% | 14.37% | +16.44% |
VVSM.DE vs. 4GLD.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
VVSM.DE vs. 4GLD.DE - Dividend Comparison
Neither VVSM.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and 4GLD.DE have a correlation of 0.17, 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 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while 4GLD.DE is Gold. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: VanEck and Deutsche Börse Commodities. Their fees differ too: 0.35% for VVSM.DE and 0.00% for 4GLD.DE.
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