IEFV.L vs. PPFB.DE
IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, IEFV.L returned 21.37%/yr vs 28.21%/yr for PPFB.DE. At a 0.00 correlation, their price movements are largely independent. IEFV.L charges 0.25%/yr vs 0.12%/yr for PPFB.DE.
Performance
IEFV.L vs. PPFB.DE - Performance Comparison
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Different Trading Currencies
IEFV.L is traded in GBp, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEFV.L achieves a 11.85% return, which is significantly higher than PPFB.DE's 1.88% return.
IEFV.L
- 1D
- -0.12%
- 1M
- 3.20%
- YTD
- 11.85%
- 6M
- 14.76%
- 1Y
- 33.90%
- 3Y*
- 21.37%
- 5Y*
- 14.28%
- 10Y*
- 12.02%
PPFB.DE
- 1D
- 0.69%
- 1M
- -3.80%
- YTD
- 1.88%
- 6M
- 5.57%
- 1Y
- 34.96%
- 3Y*
- 28.21%
- 5Y*
- —
- 10Y*
- —
IEFV.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 11.85% | 42.20% | 5.40% | 11.41% | 1.47% | 6.43% |
PPFB.DE iShares Physical Gold ETC | 1.88% | 56.87% | 28.32% | 7.24% | 12.90% | 0.61% |
Correlation
The correlation between IEFV.L 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.00 |
The correlation between IEFV.L and PPFB.DE shifts across timeframes, from 0.00 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEFV.L vs. PPFB.DE — Risk / Return Rank
IEFV.L
PPFB.DE
IEFV.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) 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.
| IEFV.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.28 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.93 | +1.26 |
| Martin ratioReturn relative to average drawdown | 11.73 | 5.10 | +6.63 |
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
| IEFV.L | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 1.45 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.25 | -0.69 |
Drawdowns
IEFV.L vs. PPFB.DE - Drawdown Comparison
The maximum IEFV.L drawdown since its inception was -34.64%, which is greater than PPFB.DE's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for IEFV.L and PPFB.DE.
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Drawdown Indicators
| IEFV.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -17.33% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -17.33% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -17.33% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | — | — |
Current DrawdownCurrent decline from peak | -1.66% | -15.69% | +14.03% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -3.72% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 6.59% | -3.71% |
Volatility
IEFV.L vs. PPFB.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 3.71%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.10%. This indicates that IEFV.L 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
| IEFV.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 5.10% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 20.09% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 23.17% | -9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 16.30% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 16.30% | +1.33% |
IEFV.L vs. PPFB.DE - Expense Ratio Comparison
IEFV.L has a 0.25% 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
IEFV.L vs. PPFB.DE - Dividend Comparison
Neither IEFV.L nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
IEFV.L 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 0.25% for IEFV.L.
IEFV.L is categorized as Europe Equities, while PPFB.DE is Precious Metals. IEFV.L tracks MSCI Europe Value NR EUR, while PPFB.DE tracks Gold. Their fees differ too: 0.25% for IEFV.L and 0.12% for PPFB.DE.
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