EUNW.DE vs. PPFB.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, EUNW.DE returned 6.32%/yr vs 28.05%/yr for PPFB.DE. At a 0.06 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.12%/yr for PPFB.DE.
Performance
EUNW.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly lower than PPFB.DE's 2.74% return.
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
EUNW.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 0.67% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
Correlation
The correlation between EUNW.DE and PPFB.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.06 |
The correlation between EUNW.DE and PPFB.DE shifts across timeframes, from 0.06 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. PPFB.DE — Risk / Return Rank
EUNW.DE
PPFB.DE
EUNW.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.
| EUNW.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.81 | -0.69 |
| Martin ratioReturn relative to average drawdown | 4.73 | 4.60 | +0.13 |
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
| EUNW.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.30 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.26 | -0.79 |
Drawdowns
EUNW.DE vs. PPFB.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, 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 EUNW.DE and PPFB.DE.
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Drawdown Indicators
| EUNW.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -16.60% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -16.60% | +13.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -16.60% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -15.00% | +14.90% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -4.40% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 6.55% | -5.88% |
Volatility
EUNW.DE vs. PPFB.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that EUNW.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
| EUNW.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 5.11% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 20.18% | -17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 23.12% | -19.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 16.13% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 16.13% | -9.55% |
EUNW.DE vs. PPFB.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
EUNW.DE vs. PPFB.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and PPFB.DE have a correlation of 0.17, 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 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while PPFB.DE is Precious Metals. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while PPFB.DE tracks Gold. Their fees differ too: 0.50% for EUNW.DE and 0.12% for PPFB.DE.
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