XXSC.L vs. 4GLD.DE
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, XXSC.L returned 8.53%/yr vs 14.46%/yr for 4GLD.DE. At a 0.03 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.00%/yr for 4GLD.DE.
Performance
XXSC.L vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
XXSC.L is traded in GBp, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XXSC.L achieves a 5.26% return, which is significantly higher than 4GLD.DE's 1.94% return. Over the past 10 years, XXSC.L has underperformed 4GLD.DE with an annualized return of 8.53%, while 4GLD.DE has yielded a comparatively higher 14.46% annualized return.
XXSC.L
- 1D
- -0.30%
- 1M
- 0.21%
- YTD
- 5.26%
- 6M
- 8.24%
- 1Y
- 13.79%
- 3Y*
- 11.49%
- 5Y*
- 3.91%
- 10Y*
- 8.53%
4GLD.DE
- 1D
- 0.65%
- 1M
- -3.81%
- YTD
- 1.94%
- 6M
- 5.60%
- 1Y
- 35.03%
- 3Y*
- 28.35%
- 5Y*
- 20.01%
- 10Y*
- 14.46%
XXSC.L vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 5.26% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 24.37% | -14.57% | 23.35% |
4GLD.DE Xetra-Gold | 1.94% | 57.09% | 28.71% | 7.13% | 12.98% | -3.31% | 19.44% | 14.94% | 4.66% | 2.53% |
Correlation
The correlation between XXSC.L and 4GLD.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2008 | 0.03 |
The correlation between XXSC.L and 4GLD.DE shifts across timeframes, from 0.02 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XXSC.L vs. 4GLD.DE — Risk / Return Rank
XXSC.L
4GLD.DE
XXSC.L vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.
| XXSC.L | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.94 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.55 | 5.13 | -0.58 |
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
| XXSC.L | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.45 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.22 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.91 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.65 | -0.55 |
Drawdowns
XXSC.L vs. 4GLD.DE - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than 4GLD.DE's maximum drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for XXSC.L and 4GLD.DE.
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Drawdown Indicators
| XXSC.L | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.17% | -40.90% | -33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -17.27% | +6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -17.27% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -17.27% | -13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -22.46% | -13.29% |
Current DrawdownCurrent decline from peak | -2.53% | -15.64% | +13.11% |
Average DrawdownAverage peak-to-trough decline | -20.68% | -12.90% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 6.56% | -3.54% |
Volatility
XXSC.L vs. 4GLD.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) is 3.51%, while Xetra-Gold (4GLD.DE) has a volatility of 5.09%. This indicates that XXSC.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
| XXSC.L | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.09% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 19.99% | -9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 23.11% | -10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 16.20% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 15.78% | +2.55% |
XXSC.L vs. 4GLD.DE - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
XXSC.L vs. 4GLD.DE - Dividend Comparison
Neither XXSC.L nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
XXSC.L and 4GLD.DE have a correlation of 0.22, 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 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while 4GLD.DE is Gold. XXSC.L tracks MSCI Europe Small Cap NR EUR, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: DWS and Deutsche Börse Commodities. Their fees differ too: 0.30% for XXSC.L and 0.00% for 4GLD.DE.
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