AVSG.L vs. PPFB.DE
AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - AVSG.L is a Small Cap Value Equities fund actively managed by Avantis, while PPFB.DE is a Precious Metals fund tracking the Gold. AVSG.L is actively managed, while PPFB.DE is passively managed. Over the past year, AVSG.L returned 38.58% vs 32.43% for PPFB.DE. At a 0.08 correlation, their price movements are largely independent. AVSG.L charges 0.39%/yr vs 0.12%/yr for PPFB.DE.
Performance
AVSG.L vs. PPFB.DE - Performance Comparison
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Different Trading Currencies
AVSG.L is traded in USD, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVSG.L achieves a 17.60% return, which is significantly higher than PPFB.DE's 1.56% return.
AVSG.L
- 1D
- 0.38%
- 1M
- 2.33%
- YTD
- 17.60%
- 6M
- 18.13%
- 1Y
- 38.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPFB.DE
- 1D
- 0.74%
- 1M
- -2.25%
- YTD
- 1.56%
- 6M
- 6.10%
- 1Y
- 32.43%
- 3Y*
- 31.54%
- 5Y*
- —
- 10Y*
- —
AVSG.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 17.60% | 12.18% | -4.47% |
PPFB.DE iShares Physical Gold ETC | 1.56% | 68.33% | -1.42% |
Correlation
The correlation between AVSG.L and PPFB.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.08 |
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Return for Risk
AVSG.L vs. PPFB.DE — Risk / Return Rank
AVSG.L
PPFB.DE
AVSG.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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.
| AVSG.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.25 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.57 | 1.88 | +3.69 |
| Martin ratioReturn relative to average drawdown | 21.27 | 4.78 | +16.48 |
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
| AVSG.L | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | 1.33 | +1.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.15 | -0.09 |
Drawdowns
AVSG.L vs. PPFB.DE - Drawdown Comparison
The maximum AVSG.L drawdown since its inception was -21.38%, roughly equal to the maximum PPFB.DE drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for AVSG.L and PPFB.DE.
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Drawdown Indicators
| AVSG.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.38% | -21.42% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -17.21% | +10.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.21% | — |
Current DrawdownCurrent decline from peak | -0.55% | -15.62% | +15.07% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -5.42% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 6.76% | -4.95% |
Volatility
AVSG.L vs. PPFB.DE - Volatility Comparison
The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) is 3.39%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.68%. This indicates that AVSG.L 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
| AVSG.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 5.68% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 21.08% | -12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 24.30% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 17.39% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.39% | -1.52% |
AVSG.L vs. PPFB.DE - Expense Ratio Comparison
AVSG.L has a 0.39% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
AVSG.L vs. PPFB.DE - Dividend Comparison
Neither AVSG.L nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
AVSG.L and PPFB.DE have a correlation of 0.16, 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 0.39% for AVSG.L.
AVSG.L is categorized as Small Cap Value Equities, while PPFB.DE is Precious Metals. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.39% for AVSG.L and 0.12% for PPFB.DE.
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