PAEEM.PA vs. PPFB.DE
PAEEM.PA (Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - PAEEM.PA is a Emerging Markets Equities fund tracking the MSCI EM ex-Egypt ESG Broad CTB Select Index, while PPFB.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 3 years, PAEEM.PA returned 21.77%/yr vs 25.83%/yr for PPFB.DE. At a 0.16 correlation, their price movements are largely independent. PAEEM.PA charges 0.30%/yr vs 0.12%/yr for PPFB.DE.
Performance
PAEEM.PA vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PAEEM.PA achieves a 28.74% return, which is significantly higher than PPFB.DE's -5.76% return.
PAEEM.PA
- 1D
- 0.65%
- 1M
- 3.07%
- YTD
- 28.74%
- 6M
- 29.92%
- 1Y
- 48.05%
- 3Y*
- 21.77%
- 5Y*
- 8.26%
- 10Y*
- —
PPFB.DE
- 1D
- 0.00%
- 1M
- -8.95%
- YTD
- -5.76%
- 6M
- -6.89%
- 1Y
- 23.29%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
PAEEM.PA vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAEEM.PA Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc | 28.74% | 22.47% | 13.04% | 3.26% | -15.31% | -3.52% |
PPFB.DE iShares Physical Gold ETC | -5.76% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between PAEEM.PA and PPFB.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.16 |
The correlation between PAEEM.PA and PPFB.DE shifts across timeframes, from 0.16 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PAEEM.PA vs. PPFB.DE — Risk / Return Rank
PAEEM.PA
PPFB.DE
PAEEM.PA vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) 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.
| PAEEM.PA | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 1.06 | +3.37 |
| Martin ratioReturn relative to average drawdown | 15.28 | 2.94 | +12.35 |
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Drawdowns
PAEEM.PA vs. PPFB.DE - Drawdown Comparison
The maximum PAEEM.PA drawdown since its inception was -31.94%, which is greater than PPFB.DE's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for PAEEM.PA and PPFB.DE.
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Drawdown Indicators
| PAEEM.PA | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -22.04% | -9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -22.04% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -22.04% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | — | — |
Current DrawdownCurrent decline from peak | -3.98% | -22.04% | +18.06% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -4.59% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 7.95% | -4.83% |
Volatility
PAEEM.PA vs. PPFB.DE - Volatility Comparison
Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) has a higher volatility of 8.90% compared to iShares Physical Gold ETC (PPFB.DE) at 8.03%. This indicates that PAEEM.PA's price experiences larger fluctuations and is considered to be riskier 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
| PAEEM.PA | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 8.03% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.84% | 21.40% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 24.22% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 16.40% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 16.40% | +2.99% |
PAEEM.PA vs. PPFB.DE - Expense Ratio Comparison
PAEEM.PA has a 0.30% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
PAEEM.PA vs. PPFB.DE - Dividend Comparison
Neither PAEEM.PA nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
PAEEM.PA and PPFB.DE have a correlation of 0.31, 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 0.30% for PAEEM.PA.
PAEEM.PA is categorized as Emerging Markets Equities, while PPFB.DE is Gold. PAEEM.PA tracks MSCI EM ex-Egypt ESG Broad CTB Select Index, while PPFB.DE tracks Gold. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for PAEEM.PA and 0.12% for PPFB.DE.
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