XPPE.DE vs. 4GLD.DE

Last updated Jun 5, 2026

XPPE.DE (Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - XPPE.DE is a Precious Metals fund tracking the Platinum (EUR Hedged), while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XPPE.DE returned 6.29%/yr vs 19.85%/yr for 4GLD.DE. At a 0.43 correlation, their price movements are largely independent. XPPE.DE charges 0.73%/yr vs 0.00%/yr for 4GLD.DE.

Performance

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

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.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, XPPE.DE achieves a -16.61% return, which is significantly lower than 4GLD.DE's 2.80% return.

XPPE.DE

• 1D: 0.62%
• 1M: -8.47%
• YTD: -16.61%
• 6M: 12.43%
• 1Y: 59.61%
• 3Y*: 18.07%
• 5Y*: 6.29%
• 10Y*: —

4GLD.DE

• 1D: 0.57%
• 1M: -3.60%
• YTD: 2.80%
• 6M: 6.23%
• 1Y: 31.21%
• 3Y*: 28.18%
• 5Y*: 19.85%
• 10Y*: 13.36%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities	-16.61%	133.17%	-11.04%	-8.96%	5.52%	-11.54%	24.20%
4GLD.DE Xetra-Gold	2.80%	49.32%	34.57%	9.32%	7.12%	4.03%	-1.34%

Correlation

The correlation between XPPE.DE and 4GLD.DE is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020	0.43

Over the past year, XPPE.DE and 4GLD.DE have become more correlated (0.63) than their long-term average of 0.43, meaning their price movements have been converging.

Return for Risk

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

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

XPPE.DE

XPPE.DE Risk / Return Rank: 36
XPPE.DE Sharpe Ratio Rank: 40
XPPE.DE Sortino Ratio Rank: 36
XPPE.DE Omega Ratio Rank: 40
XPPE.DE Calmar Ratio Rank: 38
XPPE.DE Martin Ratio Rank: 27

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.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.

	XPPE.DE	4GLD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.31	+0.09
Sortino ratio: Return per unit of downside risk	1.85	1.76	+0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.85	1.82	+0.03
Martin ratio: Return relative to average drawdown	3.78	4.63	-0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XPPE.DE Sharpe Ratio is 1.39, which is comparable to the 4GLD.DE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of XPPE.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

	XPPE.DE	4GLD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.31	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	1.23	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.65	-0.32

Drawdowns

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

The maximum XPPE.DE drawdown since its inception was -41.02%, 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 XPPE.DE and 4GLD.DE.

Drawdown Indicators

	XPPE.DE	4GLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-36.79%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-16.54%	-19.26%
Max Drawdown (3Y) Largest decline over 3 years	-35.80%	-16.54%	-19.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.80%	-16.54%	-19.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.23%	—
Current Drawdown Current decline from peak	-34.47%	-14.95%	-19.52%
Average Drawdown Average peak-to-trough decline	-23.79%	-11.83%	-11.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.54%	6.52%	+11.02%

Volatility

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

Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) has a higher volatility of 11.13% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that XPPE.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

	XPPE.DE	4GLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.13%	5.09%	+6.04%
Volatility (6M) Calculated over the trailing 6-month period	41.55%	20.09%	+21.46%
Volatility (1Y) Calculated over the trailing 1-year period	47.56%	23.06%	+24.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.95%	16.00%	+15.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.28%	14.37%	+17.91%

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

XPPE.DE has a 0.73% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.

Dividends

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

Neither XPPE.DE nor 4GLD.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

XPPE.DE and 4GLD.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.73% for XPPE.DE.

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

XPPE.DE is categorized as Precious Metals, while 4GLD.DE is Gold. XPPE.DE tracks Platinum (EUR Hedged), while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Xtrackers and Deutsche Börse Commodities. Their fees differ too: 0.73% for XPPE.DE and 0.00% for 4GLD.DE.