PPFB.DE vs. 4COP.DE
PPFB.DE (iShares Physical Gold ETC) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 25.59%/yr vs 24.85%/yr for 4COP.DE. At a 0.34 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.55%/yr for 4COP.DE.
Performance
PPFB.DE vs. 4COP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PPFB.DE achieves a -6.38% return, which is significantly lower than 4COP.DE's 3.65% return.
PPFB.DE
- 1D
- 0.00%
- 1M
- -4.91%
- 6M
- -11.49%
- YTD
- -6.38%
- 1Y
- 21.76%
- 3Y*
- 25.59%
- 5Y*
- 17.85%
- 10Y*
- —
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
PPFB.DE vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 9.42% | 7.03% | 0.42% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
Correlation
The correlation between PPFB.DE and 4COP.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.34 |
Over the past year, PPFB.DE and 4COP.DE have become more correlated (0.61) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
PPFB.DE vs. 4COP.DE — Risk / Return Rank
PPFB.DE
4COP.DE
PPFB.DE vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.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 | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.83 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.28 | 7.53 | -5.25 |
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Drawdowns
PPFB.DE vs. 4COP.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum 4COP.DE drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and 4COP.DE.
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Drawdown Indicators
| PPFB.DE | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -39.13% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -26.21% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -39.13% | +16.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | — | — |
Current DrawdownCurrent decline from peak | -22.54% | -21.29% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -14.67% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 9.85% | -0.27% |
Volatility
PPFB.DE vs. 4COP.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 6.29%, while Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a volatility of 12.75%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPFB.DE | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 12.75% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 35.70% | -14.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 42.04% | -17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 33.60% | -17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 33.60% | -17.15% |
PPFB.DE vs. 4COP.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than 4COP.DE's 0.55% expense ratio.
Dividends
PPFB.DE vs. 4COP.DE - Dividend Comparison
Neither PPFB.DE nor 4COP.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and 4COP.DE have a correlation of 0.61, 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 0.55% for 4COP.DE.
PPFB.DE is categorized as Gold, while 4COP.DE is Copper. PPFB.DE tracks Gold, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.12% for PPFB.DE and 0.55% for 4COP.DE.
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