EXHB.DE vs. PPFB.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - EXHB.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 1.5-2.5, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, EXHB.DE returned 2.22%/yr vs 28.05%/yr for PPFB.DE. At a 0.28 correlation, their price movements are largely independent. EXHB.DE charges 0.16%/yr vs 0.12%/yr for PPFB.DE.
Performance
EXHB.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.18% return, which is significantly lower than PPFB.DE's 2.74% return.
EXHB.DE
- 1D
- 0.11%
- 1M
- 0.37%
- YTD
- 0.18%
- 6M
- 0.33%
- 1Y
- 0.56%
- 3Y*
- 2.22%
- 5Y*
- 0.24%
- 10Y*
- -0.25%
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
EXHB.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.18% | 1.66% | 2.55% | 2.59% | -5.04% | -0.41% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between EXHB.DE and PPFB.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.28 |
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Return for Risk
EXHB.DE vs. PPFB.DE — Risk / Return Rank
EXHB.DE
PPFB.DE
EXHB.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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.
| EXHB.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.81 | -1.34 |
| Martin ratioReturn relative to average drawdown | 1.36 | 4.60 | -3.24 |
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Drawdowns
EXHB.DE vs. PPFB.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -9.97%, smaller than the maximum PPFB.DE drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and PPFB.DE.
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Drawdown Indicators
| EXHB.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.97% | -16.60% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -16.60% | +15.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -16.60% | +15.42% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.97% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -15.00% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -4.42% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 6.55% | -6.14% |
Volatility
EXHB.DE vs. PPFB.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.48%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that EXHB.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
| EXHB.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 5.11% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 20.18% | -19.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 23.12% | -21.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 16.13% | -14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 16.13% | -14.69% |
EXHB.DE vs. PPFB.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% 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
EXHB.DE vs. PPFB.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.97% | 1.50% | 1.42% | 1.49% |
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
EXHB.DE and PPFB.DE have a correlation of 0.19, 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 0.16% for EXHB.DE.
EXHB.DE is categorized as European Government Bonds, while PPFB.DE is Precious Metals. EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while PPFB.DE tracks Gold. Their fees differ too: 0.16% for EXHB.DE and 0.12% for PPFB.DE.
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