BTCE.DE vs. PPFB.DE
BTCE.DE (ETC Group Physical Bitcoin) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance, while PPFB.DE is a Gold fund tracking the Gold. BTCE.DE is actively managed, while PPFB.DE is passively managed. Over the past 3 years, BTCE.DE returned 28.04%/yr vs 28.05%/yr for PPFB.DE. At a 0.02 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.12%/yr for PPFB.DE.
Performance
BTCE.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BTCE.DE achieves a -27.02% return, which is significantly lower than PPFB.DE's 2.74% return.
BTCE.DE
- 1D
- -3.79%
- 1M
- -20.74%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.00%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 54.57% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between BTCE.DE 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.02 |
The correlation between BTCE.DE and PPFB.DE shifts across timeframes, from 0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTCE.DE vs. PPFB.DE — Risk / Return Rank
BTCE.DE
PPFB.DE
BTCE.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.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.
| BTCE.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.26 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.81 | -2.65 |
| Martin ratioReturn relative to average drawdown | -1.46 | 4.60 | -6.06 |
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Drawdowns
BTCE.DE vs. PPFB.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than PPFB.DE's maximum drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and PPFB.DE.
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Drawdown Indicators
| BTCE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -16.60% | -58.02% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -16.60% | -33.16% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -16.60% | -33.16% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.27% | -15.00% | -34.27% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -4.42% | -25.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 6.55% | +21.97% |
Volatility
BTCE.DE vs. PPFB.DE - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.82% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that BTCE.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
| BTCE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 5.11% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 20.18% | +11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 23.12% | +16.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 16.13% | +36.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 16.13% | +41.70% |
BTCE.DE vs. PPFB.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
BTCE.DE vs. PPFB.DE - Dividend Comparison
Neither BTCE.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE 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 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while PPFB.DE is Gold. They also come from different issuers: ETC Issuance and iShares. Their fees differ too: 2.00% for BTCE.DE and 0.12% for PPFB.DE.
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