XUHY.DE vs. 4GLD.DE
XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - XUHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XUHY.DE returned 4.92%/yr vs 19.85%/yr for 4GLD.DE. At a 0.08 correlation, their price movements are largely independent. XUHY.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
XUHY.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XUHY.DE having a 2.88% return and 4GLD.DE slightly lower at 2.80%.
XUHY.DE
- 1D
- 0.08%
- 1M
- 1.22%
- YTD
- 2.88%
- 6M
- 2.54%
- 1Y
- 6.21%
- 3Y*
- 5.97%
- 5Y*
- 4.92%
- 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%
XUHY.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.88% | -2.73% | 12.71% | 9.45% | -6.31% | 12.25% | -3.27% | 18.69% | 6.72% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 3.87% |
Correlation
The correlation between XUHY.DE and 4GLD.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.08 |
The correlation between XUHY.DE and 4GLD.DE shifts across timeframes, from -0.04 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUHY.DE vs. 4GLD.DE — Risk / Return Rank
XUHY.DE
4GLD.DE
XUHY.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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.
| XUHY.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.82 | +0.15 |
| Martin ratioReturn relative to average drawdown | 5.40 | 4.63 | +0.77 |
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
| XUHY.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.31 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 1.23 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.65 | -0.10 |
Drawdowns
XUHY.DE vs. 4GLD.DE - Drawdown Comparison
The maximum XUHY.DE drawdown since its inception was -22.05%, smaller than the maximum 4GLD.DE drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for XUHY.DE and 4GLD.DE.
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Drawdown Indicators
| XUHY.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -36.79% | +14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -16.54% | +13.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.03% | -16.54% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -16.54% | +4.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -3.13% | -14.95% | +11.82% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -11.83% | +7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 6.52% | -5.41% |
Volatility
XUHY.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) is 1.13%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that XUHY.DE 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
| XUHY.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 5.09% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 20.09% | -16.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 23.06% | -16.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 16.00% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 14.37% | -2.98% |
XUHY.DE vs. 4GLD.DE - Expense Ratio Comparison
XUHY.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
XUHY.DE vs. 4GLD.DE - Dividend Comparison
XUHY.DE's dividend yield for the trailing twelve months is around 6.62%, while 4GLD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
4GLD.DE Xetra-Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.62% | 6.60% | 7.39% | 6.02% | 6.14% | 9.11% | 5.94% | 4.81% |
Frequently Asked Questions
XUHY.DE and 4GLD.DE have a correlation of -0.04, 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 XUHY.DE.
XUHY.DE is categorized as High Yield Bonds, while 4GLD.DE is Gold. XUHY.DE tracks Bloomberg US Corporate High Yield TR USD, 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 XUHY.DE and 0.00% for 4GLD.DE.
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