PPFB.DE vs. ENGW.L
PPFB.DE (iShares Physical Gold ETC) and ENGW.L (State Street SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while ENGW.L is a Energy Equities fund tracking the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 5 years, PPFB.DE returned 18.23%/yr vs 13.76%/yr for ENGW.L. At a 0.06 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.30%/yr for ENGW.L.
Performance
PPFB.DE vs. ENGW.L - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L 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 -4.84% return, which is significantly lower than ENGW.L's 29.23% return.
PPFB.DE
- 1D
- 0.00%
- 1M
- -5.00%
- 6M
- -10.08%
- YTD
- -4.84%
- 1Y
- 24.15%
- 3Y*
- 26.80%
- 5Y*
- 18.23%
- 10Y*
- —
ENGW.L
- 1D
- 0.00%
- 1M
- 3.22%
- 6M
- 21.95%
- YTD
- 29.23%
- 1Y
- 36.28%
- 3Y*
- 15.34%
- 5Y*
- 13.76%
- 10Y*
- 5.25%
PPFB.DE vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | -4.84% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
ENGW.L State Street SPDR MSCI World Energy UCITS ETF | 29.23% | 1.60% | 8.55% | 0.01% | 14.53% | 13.73% |
Correlation
The correlation between PPFB.DE and ENGW.L is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.06 |
The correlation between PPFB.DE and ENGW.L shifts across timeframes, from -0.07 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. ENGW.L — Risk / Return Rank
PPFB.DE
ENGW.L
PPFB.DE vs. ENGW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and State Street SPDR MSCI World Energy UCITS ETF (ENGW.L). 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 | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.40 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.59 | 6.21 | -3.62 |
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Drawdowns
PPFB.DE vs. ENGW.L - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.26%, smaller than the maximum ENGW.L drawdown of -74.07%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and ENGW.L.
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Drawdown Indicators
| PPFB.DE | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -74.07% | +51.81% |
Max Drawdown (1Y)Largest decline over 1 year | -22.26% | -15.18% | -7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -23.64% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -29.27% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.13% | — |
Current DrawdownCurrent decline from peak | -21.27% | -9.06% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -23.44% | +18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 5.86% | +3.50% |
Volatility
PPFB.DE vs. ENGW.L - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) and State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) have volatilities of 6.56% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPFB.DE | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.59% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 19.41% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 22.20% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 26.11% | -9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 28.34% | -11.88% |
PPFB.DE vs. ENGW.L - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than ENGW.L's 0.30% expense ratio.
Dividends
PPFB.DE vs. ENGW.L - Dividend Comparison
Neither PPFB.DE nor ENGW.L has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and ENGW.L have a correlation of -0.07, 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 0.30% for ENGW.L.
PPFB.DE is categorized as Gold, while ENGW.L is Energy Equities. PPFB.DE tracks Gold, while ENGW.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.12% for PPFB.DE and 0.30% for ENGW.L.
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