PPFB.DE vs. BNP.PA
PPFB.DE (iShares Physical Gold ETC) is Gold fund tracking the Gold, while BNP.PA (BNP Paribas SA) is a stock. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 27.31%/yr for BNP.PA. At a correlation of -0.06, they often move in opposite directions.
Performance
PPFB.DE vs. BNP.PA - Performance Comparison
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Returns By Period
In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly lower than BNP.PA's 23.23% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
BNP.PA
- 1D
- 5.17%
- 1M
- 8.18%
- YTD
- 23.23%
- 6M
- 27.49%
- 1Y
- 36.77%
- 3Y*
- 27.31%
- 5Y*
- 19.64%
- 10Y*
- 14.74%
PPFB.DE vs. BNP.PA - 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% |
BNP.PA BNP Paribas SA | 23.23% | 50.14% | 0.99% | 25.73% | -5.95% | 23.19% |
Correlation
The correlation between PPFB.DE and BNP.PA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | -0.06 |
The correlation between PPFB.DE and BNP.PA shifts across timeframes, from -0.06 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. BNP.PA — Risk / Return Rank
PPFB.DE
BNP.PA
PPFB.DE vs. BNP.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and BNP Paribas SA (BNP.PA). 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 | BNP.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.75 | +0.06 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.48 | +0.12 |
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Drawdowns
PPFB.DE vs. BNP.PA - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum BNP.PA drawdown of -75.39%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and BNP.PA.
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Drawdown Indicators
| PPFB.DE | BNP.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -75.39% | +58.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -19.50% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -21.82% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.43% | — |
Current DrawdownCurrent decline from peak | -15.00% | 0.00% | -15.00% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -23.60% | +19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 7.66% | -1.11% |
Volatility
PPFB.DE vs. BNP.PA - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while BNP Paribas SA (BNP.PA) has a volatility of 7.86%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than BNP.PA 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 | BNP.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.86% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 21.27% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 28.55% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 28.50% | -12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 31.19% | -15.06% |
Dividends
PPFB.DE vs. BNP.PA - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while BNP.PA's dividend yield for the trailing twelve months is around 5.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNP.PA BNP Paribas SA | 5.34% | 9.13% | 7.77% | 6.23% | 6.89% | 4.38% | 0.00% | 5.72% | 7.65% | 4.34% | 3.82% | 2.87% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPFB.DE and BNP.PA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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