MWOE.DE vs. PPFB.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - MWOE.DE is a Global Equities fund tracking the MSCI World, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 28.05%/yr for PPFB.DE. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
MWOE.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOE.DE achieves a 10.64% return, which is significantly higher than PPFB.DE's 2.74% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 3.66%
- YTD
- 10.64%
- 6M
- 10.70%
- 1Y
- 23.42%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
MWOE.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | 0.54% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | -1.17% |
Correlation
The correlation between MWOE.DE and PPFB.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.10 |
The correlation between MWOE.DE and PPFB.DE shifts across timeframes, from 0.10 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MWOE.DE vs. PPFB.DE — Risk / Return Rank
MWOE.DE
PPFB.DE
MWOE.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS ETF - USD Dist (MWOE.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.
| MWOE.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.81 | +1.68 |
| Martin ratioReturn relative to average drawdown | 13.79 | 4.60 | +9.19 |
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
| MWOE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.30 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 1.26 | -0.06 |
Drawdowns
MWOE.DE vs. PPFB.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, 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 MWOE.DE and PPFB.DE.
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Drawdown Indicators
| MWOE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -16.60% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -16.60% | +9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -16.60% | -5.23% |
Current DrawdownCurrent decline from peak | -0.33% | -15.00% | +14.67% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.40% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 6.55% | -4.84% |
Volatility
MWOE.DE vs. PPFB.DE - Volatility Comparison
The current volatility for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) is 2.63%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that MWOE.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
| MWOE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 5.11% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 20.18% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 23.12% | -12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 16.13% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 16.13% | -2.72% |
MWOE.DE vs. PPFB.DE - Expense Ratio Comparison
Both MWOE.DE 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%.
Dividends
MWOE.DE vs. PPFB.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MWOE.DE and PPFB.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MWOE.DE and PPFB.DE have the same expense ratio: 0.12% per year.
MWOE.DE is categorized as Global Equities, while PPFB.DE is Precious Metals. MWOE.DE tracks MSCI World, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares.
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