2B7S.DE vs. PPFB.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, 2B7S.DE returned 2.41%/yr vs 28.05%/yr for PPFB.DE. At a 0.18 correlation, their price movements are largely independent. 2B7S.DE charges 0.10%/yr vs 0.12%/yr for PPFB.DE.
Performance
2B7S.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than PPFB.DE's 2.74% return.
2B7S.DE
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- -0.20%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.41%
- 5Y*
- 0.00%
- 10Y*
- —
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
2B7S.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -0.99% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between 2B7S.DE and PPFB.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.18 |
The correlation between 2B7S.DE and PPFB.DE shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2B7S.DE vs. PPFB.DE — Risk / Return Rank
2B7S.DE
PPFB.DE
2B7S.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and iShares Physical Gold ETC (PPFB.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.
| 2B7S.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.81 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.28 | 4.60 | -1.32 |
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Drawdowns
2B7S.DE vs. PPFB.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum PPFB.DE drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and PPFB.DE.
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Drawdown Indicators
| 2B7S.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -16.60% | +8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -16.60% | +15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -16.60% | +15.57% |
Max Drawdown (5Y)Largest decline over 5 years | -7.68% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -15.00% | +14.41% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -4.42% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 6.55% | -6.19% |
Volatility
2B7S.DE vs. PPFB.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.81%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than PPFB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 5.11% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 20.18% | -18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 23.12% | -20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 16.13% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 16.13% | -13.68% |
2B7S.DE vs. PPFB.DE - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than PPFB.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
2B7S.DE vs. PPFB.DE - Dividend Comparison
Neither 2B7S.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
2B7S.DE and PPFB.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for PPFB.DE.
2B7S.DE is categorized as Government Bonds, while PPFB.DE is Precious Metals. 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while PPFB.DE tracks Gold. Their fees differ too: 0.10% for 2B7S.DE and 0.12% for PPFB.DE.
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