IBCK.DE vs. PPFB.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - IBCK.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, IBCK.DE returned 8.80%/yr vs 18.25%/yr for PPFB.DE. Their 0.10 correlation means their historical movements had little consistent relationship. IBCK.DE charges 0.20%/yr vs 0.12%/yr for PPFB.DE.
Performance
IBCK.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCK.DE achieves a 7.21% return, which is significantly higher than PPFB.DE's -4.95% return.
IBCK.DE
- 1D
- 0.57%
- 1M
- 1.23%
- 6M
- 8.18%
- YTD
- 7.21%
- 1Y
- 11.79%
- 3Y*
- 11.00%
- 5Y*
- 8.80%
- 10Y*
- 9.54%
- ALL TIME*
- 10.67%
PPFB.DE
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- -15.98%
- YTD
- -4.95%
- 1Y
- 25.27%
- 3Y*
- 25.93%
- 5Y*
- 18.25%
- 10Y*
- —
- ALL TIME*
- 17.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €320.46K | €248.47K | €248.89K | |
PPFB.DE iShares Physical Gold ETC | €8.99M | €8.75M | €10.27M |
IBCK.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 7.21% | -0.69% | 25.61% | 6.20% | -6.04% | 15.67% |
PPFB.DE iShares Physical Gold ETC | -4.95% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between IBCK.DE and PPFB.DE is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.10 |
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Return for Risk
IBCK.DE vs. PPFB.DE — Risk / Return Rank
IBCK.DE
PPFB.DE
IBCK.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IBCK.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.07 | +1.34 |
| Martin ratioReturn relative to average drawdown | 7.42 | 2.41 | +5.01 |
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Drawdowns
IBCK.DE vs. PPFB.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.12%, which is greater than PPFB.DE's maximum drawdown of -22.56%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and PPFB.DE.
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Drawdown Indicators
| IBCK.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -22.56% | -10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -22.56% | +17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -22.56% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -22.56% | +5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -21.36% | +20.55% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -4.86% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 10.02% | -8.37% |
Volatility
IBCK.DE vs. PPFB.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) is 2.02%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 6.28%. This indicates that IBCK.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
| IBCK.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 6.28% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 21.16% | -15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.42% | 24.82% | -16.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.34% | 16.52% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 16.49% | -2.52% |
IBCK.DE vs. PPFB.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% 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
IBCK.DE vs. PPFB.DE - Dividend Comparison
Neither IBCK.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.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 0.20% for IBCK.DE.
IBCK.DE is categorized as S&P 500, while PPFB.DE is Gold. IBCK.DE tracks S&P 500 Minimum Volatility, while PPFB.DE tracks Gold. Their fees differ too: 0.20% for IBCK.DE and 0.12% for PPFB.DE.
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