VWRD.L vs. 4GLD.DE
VWRD.L (Vanguard FTSE All-World UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, VWRD.L returned 12.94%/yr vs 12.64%/yr for 4GLD.DE. At a 0.07 correlation, their price movements are largely independent. VWRD.L charges 0.22%/yr vs 0.00%/yr for 4GLD.DE.
Performance
VWRD.L vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
VWRD.L is traded in USD, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRD.L achieves a 10.27% return, which is significantly higher than 4GLD.DE's -4.13% return. Both investments have delivered pretty close results over the past 10 years, with VWRD.L having a 12.94% annualized return and 4GLD.DE not far behind at 12.64%.
VWRD.L
- 1D
- 2.38%
- 1M
- 0.88%
- YTD
- 10.27%
- 6M
- 11.90%
- 1Y
- 25.73%
- 3Y*
- 19.78%
- 5Y*
- 10.91%
- 10Y*
- 12.94%
4GLD.DE
- 1D
- 2.82%
- 1M
- -10.21%
- YTD
- -4.13%
- 6M
- -2.05%
- 1Y
- 24.35%
- 3Y*
- 29.42%
- 5Y*
- 17.54%
- 10Y*
- 12.64%
VWRD.L vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRD.L Vanguard FTSE All-World UCITS ETF | 10.27% | 22.39% | 17.65% | 22.31% | -18.19% | 18.52% | 16.13% | 25.67% | -9.70% | 24.35% |
4GLD.DE Xetra-Gold | -4.13% | 68.58% | 26.88% | 12.78% | 0.68% | -3.06% | 23.04% | 18.91% | -1.62% | 12.24% |
Correlation
The correlation between VWRD.L and 4GLD.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.07 |
Over the past year, VWRD.L and 4GLD.DE have become more correlated (0.32) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
VWRD.L vs. 4GLD.DE — Risk / Return Rank
VWRD.L
4GLD.DE
VWRD.L vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) 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.
| VWRD.L | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 1.08 | +1.84 |
| Martin ratioReturn relative to average drawdown | 11.88 | 3.28 | +8.61 |
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Drawdowns
VWRD.L vs. 4GLD.DE - Drawdown Comparison
The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum 4GLD.DE drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for VWRD.L and 4GLD.DE.
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Drawdown Indicators
| VWRD.L | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -44.26% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -22.52% | +13.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -22.52% | +6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -22.52% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | -22.52% | -11.31% |
Current DrawdownCurrent decline from peak | -1.99% | -20.33% | +18.34% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -17.59% | +13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 7.40% | -5.24% |
Volatility
VWRD.L vs. 4GLD.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWRD.L) is 4.40%, while Xetra-Gold (4GLD.DE) has a volatility of 7.56%. This indicates that VWRD.L 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
| VWRD.L | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 7.56% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 21.74% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 24.91% | -12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 17.59% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 15.77% | -0.04% |
VWRD.L vs. 4GLD.DE - Expense Ratio Comparison
VWRD.L has a 0.22% 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
VWRD.L vs. 4GLD.DE - Dividend Comparison
VWRD.L's dividend yield for the trailing twelve months is around 1.25%, 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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 1.25% | 1.38% | 1.52% | 1.69% | 2.05% | 1.48% | 1.47% | 1.88% | 2.29% | 1.82% | 2.04% | 2.07% |
Frequently Asked Questions
VWRD.L and 4GLD.DE have a correlation of 0.32, 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 0.22% for VWRD.L.
VWRD.L is categorized as Global Equities, while 4GLD.DE is Gold. VWRD.L tracks FTSE All-World Index, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Vanguard and Deutsche Börse Commodities. Their fees differ too: 0.22% for VWRD.L and 0.00% for 4GLD.DE.
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