PPFB.DE vs. BCH-USD

Last updated Jun 5, 2026

PPFB.DE (iShares Physical Gold ETC) is Precious Metals fund tracking the Gold, while BCH-USD (Bitcoin Cash) is a cryptocurrency. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 21.47%/yr for BCH-USD. At a 0.00 correlation, their price movements are largely independent.

Performance

PPFB.DE vs. BCH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Physical Gold ETC (PPFB.DE) and Bitcoin Cash (BCH-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PPFB.DE is traded in EUR, while BCH-USD is traded in USD. To make them comparable, the BCH-USD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly higher than BCH-USD's -65.66% return.

PPFB.DE

• 1D: 0.61%
• 1M: -4.00%
• YTD: 2.74%
• 6M: 5.47%
• 1Y: 31.35%
• 3Y*: 28.05%
• 5Y*: —
• 10Y*: —

BCH-USD

• 1D: -1.25%
• 1M: -52.77%
• YTD: -65.66%
• 6M: -64.69%
• 1Y: -52.20%
• 3Y*: 21.47%
• 5Y*: -18.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPFB.DE vs. BCH-USD - 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%
BCH-USD Bitcoin Cash	-65.66%	21.76%	81.79%	155.17%	-76.15%	-1.94%

Correlation

The correlation between PPFB.DE and BCH-USD is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.00

Return for Risk

PPFB.DE vs. BCH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPFB.DE

PPFB.DE Risk / Return Rank: 36
PPFB.DE Sharpe Ratio Rank: 37
PPFB.DE Sortino Ratio Rank: 34
PPFB.DE Omega Ratio Rank: 40
PPFB.DE Calmar Ratio Rank: 37
PPFB.DE Martin Ratio Rank: 32

BCH-USD

BCH-USD Risk / Return Rank: 40
BCH-USD Sharpe Ratio Rank: 44
BCH-USD Sortino Ratio Rank: 51
BCH-USD Omega Ratio Rank: 49
BCH-USD Calmar Ratio Rank: 57
BCH-USD Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PPFB.DE vs. BCH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Bitcoin Cash (BCH-USD). 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	BCH-USD	Difference
Sharpe ratio: Return per unit of total volatility	1.30	-0.78	+2.08
Sortino ratio: Return per unit of downside risk	1.75	-1.05	+2.80
Omega ratio: Gain probability vs. loss probability	1.26	0.89	+0.37
Calmar ratio: Return relative to maximum drawdown	1.81	-0.75	+2.56
Martin ratio: Return relative to average drawdown	4.60	-2.29	+6.89

PPFB.DE vs. BCH-USD - Sharpe Ratio Comparison

The current PPFB.DE Sharpe Ratio is 1.30, which is higher than the BCH-USD Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of PPFB.DE and BCH-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPFB.DE vs. BCH-USD - Drawdown Comparison

The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum BCH-USD drawdown of -97.77%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and BCH-USD.

Drawdown Indicators

	PPFB.DE	BCH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-16.60%	-97.77%	+81.17%
Max Drawdown (1Y) Largest decline over 1 year	-16.60%	-69.72%	+53.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	-73.16%	+56.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-86.54%	—
Current Drawdown Current decline from peak	-15.00%	-94.45%	+79.45%
Average Drawdown Average peak-to-trough decline	-4.42%	-85.62%	+81.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.55%	26.86%	-20.31%

Volatility

PPFB.DE vs. BCH-USD - Volatility Comparison

The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while Bitcoin Cash (BCH-USD) has a volatility of 27.02%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPFB.DE	BCH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	27.02%	-21.91%
Volatility (6M) Calculated over the trailing 6-month period	20.18%	49.72%	-29.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	55.90%	-32.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	67.95%	-51.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	94.11%	-77.98%

Frequently Asked Questions

Can I hold both PPFB.DE and BCH-USD in my portfolio?

PPFB.DE and BCH-USD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.