PPFB.DE vs. 8PSE.DE
PPFB.DE (iShares Physical Gold ETC) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 28.08%/yr for 8PSE.DE. Their correlation of 0.83 suggests significant overlap in exposure. PPFB.DE charges 0.12%/yr vs 0.34%/yr for 8PSE.DE.
Performance
PPFB.DE vs. 8PSE.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 8PSE.DE's 0.15% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -1.58%
- YTD
- 2.74%
- 6M
- 6.39%
- 1Y
- 30.20%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
8PSE.DE
- 1D
- 0.72%
- 1M
- -2.51%
- YTD
- 0.15%
- 6M
- 4.45%
- 1Y
- 28.47%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
PPFB.DE vs. 8PSE.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% | 3.62% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -2.18% | -1.20% |
Correlation
The correlation between PPFB.DE and 8PSE.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.83 |
The correlation between PPFB.DE and 8PSE.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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. 8PSE.DE — Risk / Return Rank
PPFB.DE
8PSE.DE
PPFB.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.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.
| PPFB.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.60 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.56 | +1.25 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.31 | +2.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PPFB.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.16 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.16 | +1.10 |
Drawdowns
PPFB.DE vs. 8PSE.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum 8PSE.DE drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and 8PSE.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -50.81% | +34.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -50.81% | +34.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -50.81% | +34.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.81% | — |
Current DrawdownCurrent decline from peak | -15.00% | -16.31% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -10.13% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 12.27% | -5.72% |
Volatility
PPFB.DE vs. 8PSE.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 5.95%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.95% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 71.01% | -50.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 181.73% | -158.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 87.63% | -71.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 81.06% | -64.93% |
PPFB.DE vs. 8PSE.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than 8PSE.DE's 0.34% expense ratio.
Dividends
PPFB.DE vs. 8PSE.DE - Dividend Comparison
Neither PPFB.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and 8PSE.DE have a correlation of 0.88, 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 0.34% for 8PSE.DE.
PPFB.DE is categorized as Precious Metals, while 8PSE.DE is Gold. PPFB.DE tracks Gold, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for PPFB.DE and 0.34% for 8PSE.DE.
Find the right allocation for PPFB.DE and 8PSE.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