PPFB.DE vs. EMXC.DE
PPFB.DE (iShares Physical Gold ETC) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, PPFB.DE returned 17.85%/yr vs 11.87%/yr for EMXC.DE. At a 0.17 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.15%/yr for EMXC.DE.
Performance
PPFB.DE vs. EMXC.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 EMXC.DE's 30.36% 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*
- —
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
PPFB.DE vs. EMXC.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% | 2.86% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 3.38% |
Correlation
The correlation between PPFB.DE and EMXC.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.17 |
The correlation between PPFB.DE and EMXC.DE shifts across timeframes, from 0.17 (5 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. EMXC.DE — Risk / Return Rank
PPFB.DE
EMXC.DE
PPFB.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.51 | -2.54 |
| Martin ratioReturn relative to average drawdown | 2.28 | 12.15 | -9.87 |
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Drawdowns
PPFB.DE vs. EMXC.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum EMXC.DE drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and EMXC.DE.
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Drawdown Indicators
| PPFB.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -40.89% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -13.66% | -8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -20.47% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -20.47% | -2.07% |
Current DrawdownCurrent decline from peak | -22.54% | -13.66% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -7.73% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 3.95% | +5.63% |
Volatility
PPFB.DE vs. EMXC.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 6.29%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 9.94%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 9.94% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 20.82% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 23.00% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 16.71% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 19.20% | -2.75% |
PPFB.DE vs. EMXC.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than EMXC.DE's 0.15% 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. EMXC.DE - Dividend Comparison
Neither PPFB.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and EMXC.DE have a correlation of 0.34, 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 0.15% for EMXC.DE.
PPFB.DE is categorized as Gold, while EMXC.DE is Emerging Markets Equities. PPFB.DE tracks Gold, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for PPFB.DE and 0.15% for EMXC.DE.
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