IUSA.DE vs. PPFB.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, IUSA.DE returned 13.46%/yr vs 17.85%/yr for PPFB.DE. At a 0.05 correlation, their price movements are largely independent. IUSA.DE charges 0.07%/yr vs 0.12%/yr for PPFB.DE.
Performance
IUSA.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.82% return, which is significantly higher than PPFB.DE's -6.38% return.
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
IUSA.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 15.13% |
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between IUSA.DE and PPFB.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.05 |
Over the past year, IUSA.DE and PPFB.DE have become more correlated (0.25) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IUSA.DE vs. PPFB.DE — Risk / Return Rank
IUSA.DE
PPFB.DE
IUSA.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.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.
| IUSA.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.97 | +2.14 |
| Martin ratioReturn relative to average drawdown | 11.06 | 2.28 | +8.79 |
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Drawdowns
IUSA.DE vs. PPFB.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, which is greater than PPFB.DE's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and PPFB.DE.
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Drawdown Indicators
| IUSA.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -22.54% | -29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -22.54% | +15.64% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -22.54% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -22.54% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -22.54% | +21.21% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -4.80% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 9.58% | -7.64% |
Volatility
IUSA.DE vs. PPFB.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) is 3.00%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 6.29%. This indicates that IUSA.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
| IUSA.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 6.29% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 21.19% | -13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 24.61% | -12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.46% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.45% | -0.41% |
IUSA.DE vs. PPFB.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than PPFB.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSA.DE vs. PPFB.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.86%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
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
IUSA.DE and PPFB.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for PPFB.DE.
IUSA.DE is categorized as S&P 500, while PPFB.DE is Gold. IUSA.DE tracks S&P 500 Index, while PPFB.DE tracks Gold. Their fees differ too: 0.07% for IUSA.DE and 0.12% for PPFB.DE.
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