C024.DE vs. PPFB.DE
C024.DE (Amundi MSCI China A II UCITS ETF Dist) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - C024.DE is a China Equities fund tracking the MSCI China A, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, C024.DE returned 0.96%/yr vs 17.85%/yr for PPFB.DE. At a 0.14 correlation, their price movements are largely independent. C024.DE charges 0.25%/yr vs 0.12%/yr for PPFB.DE.
Performance
C024.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, C024.DE achieves a 6.31% return, which is significantly higher than PPFB.DE's -6.38% return.
C024.DE
- 1D
- -3.37%
- 1M
- -8.00%
- 6M
- 2.17%
- YTD
- 6.31%
- 1Y
- 27.95%
- 3Y*
- 11.58%
- 5Y*
- 0.96%
- 10Y*
- 6.36%
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
C024.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 6.31% | 14.97% | 22.87% | -17.78% | -16.16% | -0.39% |
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between C024.DE and PPFB.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.14 |
The correlation between C024.DE and PPFB.DE shifts across timeframes, from 0.14 (5 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
C024.DE vs. PPFB.DE — Risk / Return Rank
C024.DE
PPFB.DE
C024.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China A II UCITS ETF Dist (C024.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.
| C024.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.97 | +1.69 |
| Martin ratioReturn relative to average drawdown | 10.41 | 2.28 | +8.13 |
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Drawdowns
C024.DE vs. PPFB.DE - Drawdown Comparison
The maximum C024.DE drawdown since its inception was -49.68%, 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 C024.DE and PPFB.DE.
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Drawdown Indicators
| C024.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.68% | -22.54% | -27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -22.54% | +11.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | -22.54% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -39.34% | -22.54% | -16.80% |
Max Drawdown (10Y)Largest decline over 10 years | -47.10% | — | — |
Current DrawdownCurrent decline from peak | -13.23% | -22.54% | +9.31% |
Average DrawdownAverage peak-to-trough decline | -26.23% | -4.80% | -21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 9.58% | -6.86% |
Volatility
C024.DE vs. PPFB.DE - Volatility Comparison
Amundi MSCI China A II UCITS ETF Dist (C024.DE) has a higher volatility of 9.58% compared to iShares Physical Gold ETC (PPFB.DE) at 6.29%. This indicates that C024.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
| C024.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 6.29% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 21.19% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 24.61% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 16.46% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 16.45% | +7.71% |
C024.DE vs. PPFB.DE - Expense Ratio Comparison
C024.DE has a 0.25% 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
C024.DE vs. PPFB.DE - Dividend Comparison
C024.DE's dividend yield for the trailing twelve months is around 1.78%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
C024.DE Amundi MSCI China A II UCITS ETF Dist | 1.78% | 1.89% | 2.19% | 1.98% | 1.34% | 1.22% | 1.42% | 1.88% | 2.49% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
C024.DE and PPFB.DE have a correlation of 0.33, 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 0.25% for C024.DE.
C024.DE is categorized as China Equities, while PPFB.DE is Gold. C024.DE tracks MSCI China A, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for C024.DE and 0.12% for PPFB.DE.
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