PPFB.DE vs. 2B7S.DE
PPFB.DE (iShares Physical Gold ETC) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 2.41%/yr for 2B7S.DE. At a 0.18 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.10%/yr for 2B7S.DE.
Performance
PPFB.DE vs. 2B7S.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly higher than 2B7S.DE's -0.20% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
2B7S.DE
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- -0.20%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.41%
- 5Y*
- 0.00%
- 10Y*
- —
PPFB.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -0.99% |
Correlation
The correlation between PPFB.DE and 2B7S.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.18 |
The correlation between PPFB.DE and 2B7S.DE shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), 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
PPFB.DE vs. 2B7S.DE — Risk / Return Rank
PPFB.DE
2B7S.DE
PPFB.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| PPFB.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.22 | +0.59 |
| Martin ratioReturn relative to average drawdown | 4.60 | 3.28 | +1.32 |
Loading charts...
Drawdowns
PPFB.DE vs. 2B7S.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, which is greater than 2B7S.DE's maximum drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and 2B7S.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -7.68% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -0.98% | -15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -1.03% | -15.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.68% | — |
Current DrawdownCurrent decline from peak | -15.00% | -0.59% | -14.41% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -3.28% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 0.36% | +6.19% |
Volatility
PPFB.DE vs. 2B7S.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.81%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 0.81% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 2.01% | +18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 2.50% | +20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 2.50% | +13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 2.45% | +13.68% |
PPFB.DE vs. 2B7S.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is higher than 2B7S.DE's 0.10% 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
PPFB.DE vs. 2B7S.DE - Dividend Comparison
Neither PPFB.DE nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and 2B7S.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for PPFB.DE.
PPFB.DE is categorized as Precious Metals, while 2B7S.DE is Government Bonds. PPFB.DE tracks Gold, while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. Their fees differ too: 0.12% for PPFB.DE and 0.10% for 2B7S.DE.
Find the right allocation for PPFB.DE and 2B7S.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