CD91.DE vs. PPFB.DE
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and PPFB.DE (iShares Physical Gold ETC) are both Gold funds - CD91.DE tracks the NYSE Arca Gold BUGS while PPFB.DE tracks the Gold. Both are passively managed. Over the past 5 years, CD91.DE returned 18.94%/yr vs 17.85%/yr for PPFB.DE. A 0.71 correlation means they provide meaningful diversification when combined. CD91.DE charges 0.65%/yr vs 0.12%/yr for PPFB.DE.
Performance
CD91.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CD91.DE achieves a -14.96% return, which is significantly lower than PPFB.DE's -6.38% return.
CD91.DE
- 1D
- -1.16%
- 1M
- -19.86%
- 6M
- -24.02%
- YTD
- -14.96%
- 1Y
- 43.49%
- 3Y*
- 33.00%
- 5Y*
- 18.94%
- 10Y*
- 8.20%
PPFB.DE
- 1D
- 0.00%
- 1M
- -6.70%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
CD91.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist | -14.96% | 132.46% | 20.72% | 2.57% | -1.60% | -3.19% |
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between CD91.DE and PPFB.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.71 |
The correlation between CD91.DE and PPFB.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
CD91.DE vs. PPFB.DE — Risk / Return Rank
CD91.DE
PPFB.DE
CD91.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.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.
| CD91.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.97 | +0.23 |
| Martin ratioReturn relative to average drawdown | 2.85 | 2.28 | +0.57 |
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Drawdowns
CD91.DE vs. PPFB.DE - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -83.13%, 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 CD91.DE and PPFB.DE.
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Drawdown Indicators
| CD91.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -22.54% | -60.59% |
Max Drawdown (1Y)Largest decline over 1 year | -36.20% | -22.54% | -13.66% |
Max Drawdown (3Y)Largest decline over 3 years | -36.20% | -22.54% | -13.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.55% | -22.54% | -17.01% |
Max Drawdown (10Y)Largest decline over 10 years | -55.70% | — | — |
Current DrawdownCurrent decline from peak | -36.20% | -22.54% | -13.66% |
Average DrawdownAverage peak-to-trough decline | -53.52% | -4.80% | -48.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.22% | 9.58% | +5.64% |
Volatility
CD91.DE vs. PPFB.DE - Volatility Comparison
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a higher volatility of 12.84% compared to iShares Physical Gold ETC (PPFB.DE) at 6.29%. This indicates that CD91.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
| CD91.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 6.29% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 36.28% | 21.19% | +15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.59% | 24.61% | +20.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.19% | 16.46% | +18.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.63% | 16.45% | +18.18% |
CD91.DE vs. PPFB.DE - Expense Ratio Comparison
CD91.DE has a 0.65% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
CD91.DE vs. PPFB.DE - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.18%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist | 0.18% | 0.16% | 0.33% | 2.50% | 1.04% | 0.54% | 0.17% | 0.33% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CD91.DE and PPFB.DE have a correlation of 0.79, 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 0.65% for CD91.DE.
CD91.DE tracks NYSE Arca Gold BUGS, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.65% for CD91.DE and 0.12% for PPFB.DE.
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