PHSP.L vs. PPFB.DE
PHSP.L (WisdomTree Physical Silver) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - PHSP.L is a Silver fund tracking the LBMA Silver Price, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, PHSP.L returned 38.02%/yr vs 28.21%/yr for PPFB.DE. A 0.63 correlation means they provide meaningful diversification when combined. PHSP.L charges 0.49%/yr vs 0.12%/yr for PPFB.DE.
Performance
PHSP.L vs. PPFB.DE - Performance Comparison
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Different Trading Currencies
PHSP.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, PHSP.L achieves a -5.51% return, which is significantly lower than PPFB.DE's 1.88% return.
PHSP.L
- 1D
- 5.15%
- 1M
- -23.06%
- YTD
- -5.51%
- 6M
- 8.99%
- 1Y
- 87.72%
- 3Y*
- 38.02%
- 5Y*
- 19.89%
- 10Y*
- 14.58%
PPFB.DE
- 1D
- 0.69%
- 1M
- -4.14%
- YTD
- 1.88%
- 6M
- 3.91%
- 1Y
- 33.61%
- 3Y*
- 28.21%
- 5Y*
- —
- 10Y*
- —
PHSP.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -5.51% | 129.68% | 22.85% | -6.51% | 15.50% | -9.94% |
PPFB.DE iShares Physical Gold ETC | 1.88% | 56.87% | 28.32% | 7.24% | 12.90% | 0.61% |
Correlation
The correlation between PHSP.L and PPFB.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.63 |
The correlation between PHSP.L and PPFB.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
PHSP.L vs. PPFB.DE — Risk / Return Rank
PHSP.L
PPFB.DE
PHSP.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.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.
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.
| PHSP.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.93 | +0.14 |
| Martin ratioReturn relative to average drawdown | 4.66 | 5.10 | -0.44 |
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Drawdowns
PHSP.L vs. PPFB.DE - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, 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 PHSP.L and PPFB.DE.
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Drawdown Indicators
| PHSP.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -17.33% | -52.71% |
Max Drawdown (1Y)Largest decline over 1 year | -42.16% | -17.33% | -24.83% |
Max Drawdown (3Y)Largest decline over 3 years | -42.16% | -17.33% | -24.83% |
Max Drawdown (5Y)Largest decline over 5 years | -42.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | — | — |
Current DrawdownCurrent decline from peak | -39.18% | -15.69% | -23.49% |
Average DrawdownAverage peak-to-trough decline | -44.03% | -3.72% | -40.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.77% | 6.59% | +12.18% |
Volatility
PHSP.L vs. PPFB.DE - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) has a higher volatility of 14.36% compared to iShares Physical Gold ETC (PPFB.DE) at 5.10%. This indicates that PHSP.L'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
| PHSP.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.36% | 5.10% | +9.26% |
Volatility (6M)Calculated over the trailing 6-month period | 51.78% | 20.09% | +31.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 23.17% | +31.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.25% | 16.30% | +19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 16.30% | +14.78% |
PHSP.L vs. PPFB.DE - Expense Ratio Comparison
PHSP.L has a 0.49% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
PHSP.L vs. PPFB.DE - Dividend Comparison
Neither PHSP.L nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
PHSP.L and PPFB.DE have a correlation of 0.70, 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 0.49% for PHSP.L.
PHSP.L is categorized as Silver, while PPFB.DE is Precious Metals. PHSP.L tracks LBMA Silver Price, while PPFB.DE tracks Gold. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for PHSP.L and 0.12% for PPFB.DE.
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