DEAM.DE vs. PPFB.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 3 years, DEAM.DE returned 5.52%/yr vs 25.83%/yr for PPFB.DE. At a 0.04 correlation, their price movements are largely independent. DEAM.DE charges 0.19%/yr vs 0.12%/yr for PPFB.DE.
Performance
DEAM.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.95% return, which is significantly higher than PPFB.DE's -5.76% return.
DEAM.DE
- 1D
- 0.61%
- 1M
- -2.26%
- YTD
- 3.95%
- 6M
- 5.04%
- 1Y
- 6.32%
- 3Y*
- 5.52%
- 5Y*
- -1.92%
- 10Y*
- —
PPFB.DE
- 1D
- 0.00%
- 1M
- -8.95%
- YTD
- -5.76%
- 6M
- -6.89%
- 1Y
- 23.29%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
DEAM.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.95% | 19.33% | -6.04% | 7.34% | -28.80% | 1.72% |
PPFB.DE iShares Physical Gold ETC | -5.76% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between DEAM.DE and PPFB.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.04 |
Over the past year, DEAM.DE and PPFB.DE have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
DEAM.DE vs. PPFB.DE — Risk / Return Rank
DEAM.DE
PPFB.DE
DEAM.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.19 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.06 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.19 | 2.94 | -1.75 |
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Drawdowns
DEAM.DE vs. PPFB.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than PPFB.DE's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and PPFB.DE.
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Drawdown Indicators
| DEAM.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -22.04% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -22.04% | +7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -22.04% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | — | — |
Current DrawdownCurrent decline from peak | -13.72% | -22.04% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -16.21% | -4.59% | -11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 7.95% | -2.64% |
Volatility
DEAM.DE vs. PPFB.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 5.05%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 8.03%. This indicates that DEAM.DE 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
| DEAM.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 8.03% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 21.40% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 24.22% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 16.40% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 16.40% | +3.18% |
DEAM.DE vs. PPFB.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. PPFB.DE - Dividend Comparison
Neither DEAM.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and PPFB.DE have a correlation of 0.27, 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 0.19% for DEAM.DE.
DEAM.DE is categorized as Europe Equities, while PPFB.DE is Gold. DEAM.DE tracks MDAX®, while PPFB.DE tracks Gold. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.12% for PPFB.DE.
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