AASG.L vs. PPFB.DE
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - AASG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, AASG.L returned 22.95%/yr vs 28.23%/yr for PPFB.DE. At a 0.08 correlation, their price movements are largely independent. AASG.L charges 0.20%/yr vs 0.12%/yr for PPFB.DE.
Performance
AASG.L vs. PPFB.DE - Performance Comparison
Loading charts...
Different Trading Currencies
AASG.L is traded in GBp, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AASG.L achieves a 30.49% return, which is significantly higher than PPFB.DE's 1.93% return.
AASG.L
- 1D
- -1.81%
- 1M
- 8.00%
- YTD
- 30.49%
- 6M
- 33.01%
- 1Y
- 59.28%
- 3Y*
- 22.95%
- 5Y*
- 8.98%
- 10Y*
- 12.11%
PPFB.DE
- 1D
- 0.74%
- 1M
- -1.35%
- YTD
- 1.93%
- 6M
- 5.36%
- 1Y
- 33.72%
- 3Y*
- 28.23%
- 5Y*
- —
- 10Y*
- —
AASG.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 30.49% | 23.83% | 14.04% | 0.69% | -11.51% | -5.42% |
PPFB.DE iShares Physical Gold ETC | 1.93% | 56.87% | 28.32% | 7.24% | 12.90% | 1.36% |
Correlation
The correlation between AASG.L and PPFB.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AASG.L vs. PPFB.DE — Risk / Return Rank
AASG.L
PPFB.DE
AASG.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) 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.
| AASG.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.28 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 1.94 | +3.21 |
| Martin ratioReturn relative to average drawdown | 17.77 | 5.11 | +12.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AASG.L | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.22 | 1.45 | +1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.26 | -0.58 |
Drawdowns
AASG.L vs. PPFB.DE - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, which is greater than PPFB.DE's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for AASG.L and PPFB.DE.
Loading charts...
Drawdown Indicators
| AASG.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -17.33% | -16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -17.33% | +5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -17.33% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -15.65% | +12.91% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -3.73% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 6.59% | -3.26% |
Volatility
AASG.L vs. PPFB.DE - Volatility Comparison
Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) has a higher volatility of 8.29% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that AASG.L'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.
Loading charts...
Volatility by Period
| AASG.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.11% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 20.09% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 23.17% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 16.30% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 16.30% | +2.26% |
AASG.L vs. PPFB.DE - Expense Ratio Comparison
AASG.L has a 0.20% expense ratio, which is higher than PPFB.DE's 0.12% 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
AASG.L vs. PPFB.DE - Dividend Comparison
Neither AASG.L nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
AASG.L and PPFB.DE have a correlation of 0.13, 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 0.20% for AASG.L.
AASG.L is categorized as Asia Pacific Equities, while PPFB.DE is Precious Metals. AASG.L tracks MSCI AC Asia Ex Japan NR USD, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AASG.L and 0.12% for PPFB.DE.
Find the right allocation for AASG.L and PPFB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer