MJMT.DE vs. PPFB.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, MJMT.DE returned 20.45%/yr vs 28.05%/yr for PPFB.DE. At a 0.06 correlation, their price movements are largely independent. MJMT.DE charges 0.23%/yr vs 0.12%/yr for PPFB.DE.
Performance
MJMT.DE vs. PPFB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MJMT.DE achieves a 9.28% return, which is significantly higher than PPFB.DE's 2.74% return.
MJMT.DE
- 1D
- 1.82%
- 1M
- 2.83%
- YTD
- 9.28%
- 6M
- 12.67%
- 1Y
- 21.10%
- 3Y*
- 20.45%
- 5Y*
- 11.60%
- 10Y*
- 12.16%
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
MJMT.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 9.28% | 27.24% | 19.93% | 13.04% | -15.57% | 9.15% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between MJMT.DE and PPFB.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.06 |
The correlation between MJMT.DE and PPFB.DE shifts across timeframes, from 0.06 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MJMT.DE vs. PPFB.DE — Risk / Return Rank
MJMT.DE
PPFB.DE
MJMT.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| MJMT.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.81 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.92 | 4.60 | +2.32 |
Loading charts...
Drawdowns
MJMT.DE vs. PPFB.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, which is greater than PPFB.DE's maximum drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and PPFB.DE.
Loading charts...
Drawdown Indicators
| MJMT.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -16.60% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -16.60% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -16.60% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.35% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -15.00% | +14.79% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -4.42% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 6.55% | -3.51% |
Volatility
MJMT.DE vs. PPFB.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) is 4.75%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that MJMT.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.
Loading charts...
Volatility by Period
| MJMT.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 5.11% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 20.18% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 23.12% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 16.13% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.13% | +0.24% |
MJMT.DE vs. PPFB.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% 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
MJMT.DE vs. PPFB.DE - Dividend Comparison
Neither MJMT.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
MJMT.DE and PPFB.DE have a correlation of 0.21, 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 0.23% for MJMT.DE.
MJMT.DE is categorized as Momentum, while PPFB.DE is Precious Metals. MJMT.DE tracks MSCI Europe Momentum Index, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MJMT.DE and 0.12% for PPFB.DE.
Find the right allocation for MJMT.DE and PPFB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer