4COP.DE vs. PPFB.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 3 years, 4COP.DE returned 24.85%/yr vs 25.59%/yr for PPFB.DE. At a 0.34 correlation, their price movements are largely independent. 4COP.DE charges 0.55%/yr vs 0.12%/yr for PPFB.DE.
Performance
4COP.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 3.65% return, which is significantly higher than PPFB.DE's -6.38% return.
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
4COP.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 0.42% |
Correlation
The correlation between 4COP.DE and PPFB.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.34 |
Over the past year, 4COP.DE and PPFB.DE have become more correlated (0.61) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
4COP.DE vs. PPFB.DE — Risk / Return Rank
4COP.DE
PPFB.DE
4COP.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Accumulating (4COP.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.
| 4COP.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 0.97 | +1.86 |
| Martin ratioReturn relative to average drawdown | 7.53 | 2.28 | +5.25 |
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Drawdowns
4COP.DE vs. PPFB.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, which is greater than PPFB.DE's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and PPFB.DE.
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Drawdown Indicators
| 4COP.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -22.54% | -16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -22.54% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -22.54% | -16.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.54% | — |
Current DrawdownCurrent decline from peak | -21.29% | -22.54% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -4.80% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 9.58% | +0.27% |
Volatility
4COP.DE vs. PPFB.DE - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 12.75% compared to iShares Physical Gold ETC (PPFB.DE) at 6.29%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier 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
| 4COP.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 6.29% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 21.19% | +14.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 24.61% | +17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 16.46% | +17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 16.45% | +17.15% |
4COP.DE vs. PPFB.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
4COP.DE vs. PPFB.DE - Dividend Comparison
Neither 4COP.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and PPFB.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPFB.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPFB.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Copper, while PPFB.DE is Gold. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while PPFB.DE tracks Gold. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for 4COP.DE and 0.12% for PPFB.DE.
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