GOLD.AS vs. PPFB.DE
Compare and contrast key facts about Amundi Physical Gold ETC C (GOLD.AS) and iShares Physical Gold ETC (PPFB.DE).
GOLD.AS and PPFB.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOLD.AS is a passively managed fund by Amundi that tracks the performance of the LMBA Gold Price PM USD. It was launched on May 21, 2019. PPFB.DE is a passively managed fund by iShares that tracks the performance of the Gold. It was launched on Apr 8, 2011. Both GOLD.AS and PPFB.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GOLD.AS vs. PPFB.DE - Performance Comparison
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GOLD.AS vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLD.AS Amundi Physical Gold ETC C | 10.79% | 64.94% | 26.36% | 13.35% | -0.13% | 0.35% |
PPFB.DE iShares Physical Gold ETC | 8.53% | 68.33% | 26.50% | 12.88% | 1.14% | -0.58% |
Different Trading Currencies
GOLD.AS is traded in USD, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOLD.AS achieves a 10.79% return, which is significantly higher than PPFB.DE's 8.53% return.
GOLD.AS
- 1D
- 3.68%
- 1M
- -9.80%
- YTD
- 10.79%
- 6M
- 23.68%
- 1Y
- 52.77%
- 3Y*
- 34.02%
- 5Y*
- 22.41%
- 10Y*
- —
PPFB.DE
- 1D
- 3.17%
- 1M
- -9.77%
- YTD
- 8.53%
- 6M
- 23.47%
- 1Y
- 52.70%
- 3Y*
- 34.08%
- 5Y*
- —
- 10Y*
- —
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GOLD.AS vs. PPFB.DE - Expense Ratio Comparison
Both GOLD.AS 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%.
Return for Risk
GOLD.AS vs. PPFB.DE — Risk / Return Rank
GOLD.AS
PPFB.DE
GOLD.AS vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC C (GOLD.AS) 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.
| GOLD.AS | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 2.03 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.52 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.05 | +0.19 |
Martin ratioReturn relative to average drawdown | 12.71 | 11.71 | +1.00 |
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
| GOLD.AS | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.03 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 1.30 | -0.08 |
Correlation
The correlation between GOLD.AS and PPFB.DE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GOLD.AS vs. PPFB.DE - Dividend Comparison
Neither GOLD.AS nor PPFB.DE has paid dividends to shareholders.
Drawdowns
GOLD.AS vs. PPFB.DE - Drawdown Comparison
The maximum GOLD.AS drawdown since its inception was -21.14%, roughly equal to the maximum PPFB.DE drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for GOLD.AS and PPFB.DE.
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Drawdown Indicators
| GOLD.AS | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -16.60% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.83% | -16.60% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | — | — |
Current DrawdownCurrent decline from peak | -9.80% | -9.03% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -4.12% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 4.36% | +0.20% |
Volatility
GOLD.AS vs. PPFB.DE - Volatility Comparison
Amundi Physical Gold ETC C (GOLD.AS) has a higher volatility of 12.03% compared to iShares Physical Gold ETC (PPFB.DE) at 10.78%. This indicates that GOLD.AS'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
| GOLD.AS | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.03% | 10.78% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 21.64% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.94% | 25.84% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 17.28% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 17.28% | -0.40% |