PPFB.DE vs. CEMR.DE
PPFB.DE (iShares Physical Gold ETC) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 20.12%/yr for CEMR.DE. At a 0.05 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.25%/yr for CEMR.DE.
Performance
PPFB.DE vs. CEMR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly lower than CEMR.DE's 7.41% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.85%
- YTD
- 2.74%
- 6M
- 6.61%
- 1Y
- 31.41%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
CEMR.DE
- 1D
- 0.26%
- 1M
- 2.22%
- YTD
- 7.41%
- 6M
- 10.76%
- 1Y
- 16.27%
- 3Y*
- 20.12%
- 5Y*
- 11.36%
- 10Y*
- 11.54%
PPFB.DE vs. CEMR.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% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.41% | 27.25% | 20.02% | 12.77% | -15.32% | 8.94% |
Correlation
The correlation between PPFB.DE and CEMR.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.05 |
The correlation between PPFB.DE and CEMR.DE shifts across timeframes, from 0.05 (all time) to 0.21 (1 year), 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. CEMR.DE — Risk / Return Rank
PPFB.DE
CEMR.DE
PPFB.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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 | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.43 | +0.38 |
| Martin ratioReturn relative to average drawdown | 4.60 | 5.44 | -0.84 |
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 | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.97 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.61 | +0.65 |
Drawdowns
PPFB.DE vs. CEMR.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum CEMR.DE drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and CEMR.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -31.80% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -11.75% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -15.72% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.80% | — |
Current DrawdownCurrent decline from peak | -15.00% | -1.88% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -6.02% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 3.09% | +3.46% |
Volatility
PPFB.DE vs. CEMR.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.04%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 4.04% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 14.61% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 17.29% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 16.39% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 16.47% | -0.34% |
PPFB.DE vs. CEMR.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than CEMR.DE's 0.25% expense ratio. Despite the difference, 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. CEMR.DE - Dividend Comparison
Neither PPFB.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and CEMR.DE have a correlation of 0.21, 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 0.25% for CEMR.DE.
PPFB.DE is categorized as Precious Metals, while CEMR.DE is Momentum. PPFB.DE tracks Gold, while CEMR.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.12% for PPFB.DE and 0.25% for CEMR.DE.
Find the right allocation for PPFB.DE and CEMR.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