EGLN.L vs. PPFB.DE
EGLN.L (iShares Physical Gold ETC) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, EGLN.L returned 28.02%/yr vs 28.05%/yr for PPFB.DE. With a 0.96 correlation, they move nearly in lockstep. EGLN.L charges 0.25%/yr vs 0.12%/yr for PPFB.DE.
Performance
EGLN.L vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGLN.L achieves a 4.83% return, which is significantly higher than PPFB.DE's 2.74% return.
EGLN.L
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- 4.83%
- 6M
- 6.32%
- 1Y
- 30.19%
- 3Y*
- 28.02%
- 5Y*
- 19.69%
- 10Y*
- —
PPFB.DE
- 1D
- 0.61%
- 1M
- -1.58%
- YTD
- 2.74%
- 6M
- 6.39%
- 1Y
- 30.20%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
EGLN.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | 6.00% | 4.59% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
Correlation
The correlation between EGLN.L and PPFB.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.96 |
The correlation between EGLN.L and PPFB.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. PPFB.DE — Risk / Return Rank
EGLN.L
PPFB.DE
EGLN.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.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.
| EGLN.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.81 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.60 | -0.02 |
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
| EGLN.L | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.30 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.26 | -0.32 |
Drawdowns
EGLN.L vs. PPFB.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, 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 EGLN.L and PPFB.DE.
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Drawdown Indicators
| EGLN.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -16.60% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -16.60% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -16.60% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | — | — |
Current DrawdownCurrent decline from peak | -15.21% | -15.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -4.40% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 6.55% | +0.02% |
Volatility
EGLN.L vs. PPFB.DE - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 5.42% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that EGLN.L'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
| EGLN.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.11% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 20.18% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 23.12% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.13% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 16.13% | -1.75% |
EGLN.L vs. PPFB.DE - Expense Ratio Comparison
EGLN.L 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
EGLN.L vs. PPFB.DE - Dividend Comparison
Neither EGLN.L nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, EGLN.L and PPFB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 EGLN.L.
EGLN.L is categorized as Gold, while PPFB.DE is Precious Metals. EGLN.L tracks LBMA Gold Price, while PPFB.DE tracks Gold. Their fees differ too: 0.25% for EGLN.L and 0.12% for PPFB.DE.
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