EUNN.DE vs. PPFB.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, EUNN.DE returned 9.33%/yr vs 17.85%/yr for PPFB.DE. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
EUNN.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly higher than PPFB.DE's -6.38% return.
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
EUNN.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 3.28% |
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between EUNN.DE and PPFB.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.18 |
The correlation between EUNN.DE and PPFB.DE shifts across timeframes, from 0.17 (5 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNN.DE vs. PPFB.DE — Risk / Return Rank
EUNN.DE
PPFB.DE
EUNN.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| EUNN.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.97 | +2.30 |
| Martin ratioReturn relative to average drawdown | 10.78 | 2.28 | +8.50 |
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Drawdowns
EUNN.DE vs. PPFB.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, 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 EUNN.DE and PPFB.DE.
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Drawdown Indicators
| EUNN.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -22.54% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -22.54% | +12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -22.54% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -22.54% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -22.54% | +16.28% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -4.80% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 9.58% | -6.67% |
Volatility
EUNN.DE vs. PPFB.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and iShares Physical Gold ETC (PPFB.DE) have volatilities of 6.29% and 6.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.29% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 21.19% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 24.61% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 16.46% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 16.45% | -0.31% |
EUNN.DE vs. PPFB.DE - Expense Ratio Comparison
Both EUNN.DE and PPFB.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNN.DE vs. PPFB.DE - Dividend Comparison
Neither EUNN.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and PPFB.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE and PPFB.DE have the same expense ratio: 0.12% per year.
EUNN.DE is categorized as Japan Equities, while PPFB.DE is Gold. EUNN.DE tracks MSCI Japan IMI, while PPFB.DE tracks Gold.
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