XSLR.DE vs. 4GLD.DE
XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - XSLR.DE is a Silver fund tracking the LBMA Silver Price, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XSLR.DE returned 22.38%/yr vs 19.85%/yr for 4GLD.DE. A 0.69 correlation means they provide meaningful diversification when combined. XSLR.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
XSLR.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSLR.DE achieves a -2.22% return, which is significantly lower than 4GLD.DE's 2.80% return.
XSLR.DE
- 1D
- 0.40%
- 1M
- 0.98%
- YTD
- -2.22%
- 6M
- 29.60%
- 1Y
- 110.52%
- 3Y*
- 42.16%
- 5Y*
- 22.38%
- 10Y*
- —
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
XSLR.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLR.DE Xtrackers IE Physical Silver ETC Securities | -2.22% | 129.87% | 30.90% | -4.25% | 10.74% | -6.08% | 32.02% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | -1.91% |
Correlation
The correlation between XSLR.DE and 4GLD.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020 | 0.69 |
The correlation between XSLR.DE and 4GLD.DE has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
XSLR.DE vs. 4GLD.DE — Risk / Return Rank
XSLR.DE
4GLD.DE
XSLR.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.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.
| XSLR.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.82 | +1.03 |
| Martin ratioReturn relative to average drawdown | 6.15 | 4.63 | +1.52 |
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
| XSLR.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.31 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.23 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.65 | +0.11 |
Drawdowns
XSLR.DE vs. 4GLD.DE - Drawdown Comparison
The maximum XSLR.DE drawdown since its inception was -38.56%, roughly equal to the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and 4GLD.DE.
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Drawdown Indicators
| XSLR.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -36.79% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -38.56% | -16.54% | -22.02% |
Max Drawdown (3Y)Largest decline over 3 years | -38.56% | -16.54% | -22.02% |
Max Drawdown (5Y)Largest decline over 5 years | -38.56% | -16.54% | -22.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -33.47% | -14.95% | -18.52% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -11.83% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.90% | 6.52% | +11.38% |
Volatility
XSLR.DE vs. 4GLD.DE - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.DE) has a higher volatility of 16.38% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that XSLR.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
| XSLR.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.38% | 5.09% | +11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 51.92% | 20.09% | +31.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.45% | 23.06% | +31.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.34% | 16.00% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.14% | 14.37% | +18.77% |
XSLR.DE vs. 4GLD.DE - Expense Ratio Comparison
XSLR.DE has a 0.20% 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
XSLR.DE vs. 4GLD.DE - Dividend Comparison
Neither XSLR.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
XSLR.DE and 4GLD.DE have a correlation of 0.71, 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 0.20% for XSLR.DE.
XSLR.DE is categorized as Silver, while 4GLD.DE is Gold. XSLR.DE tracks LBMA Silver Price, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Xtrackers and Deutsche Börse Commodities. Their fees differ too: 0.20% for XSLR.DE and 0.00% for 4GLD.DE.
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