PPFB.DE vs. GSPX.L
Compare and contrast key facts about iShares Physical Gold ETC (PPFB.DE) and iShares Core S&P 500 UCITS ETF (GSPX.L).
PPFB.DE and GSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPFB.DE is a passively managed fund by iShares that tracks the performance of the Gold. It was launched on Apr 8, 2011. GSPX.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Jun 29, 2018. Both PPFB.DE and GSPX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PPFB.DE vs. GSPX.L - Performance Comparison
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PPFB.DE vs. GSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 9.95% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
GSPX.L iShares Core S&P 500 UCITS ETF | -3.82% | 11.04% | 30.65% | 27.52% | -24.69% | 12.47% |
Different Trading Currencies
PPFB.DE is traded in EUR, while GSPX.L is traded in GBP. To make them comparable, the GSPX.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 9.95% return, which is significantly higher than GSPX.L's -3.82% return.
PPFB.DE
- 1D
- 2.79%
- 1M
- -9.03%
- YTD
- 9.95%
- 6M
- 24.91%
- 1Y
- 42.13%
- 3Y*
- 31.11%
- 5Y*
- —
- 10Y*
- —
GSPX.L
- 1D
- 2.99%
- 1M
- -3.44%
- YTD
- -3.82%
- 6M
- -0.98%
- 1Y
- 13.09%
- 3Y*
- 18.35%
- 5Y*
- 10.22%
- 10Y*
- —
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PPFB.DE vs. GSPX.L - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is higher than GSPX.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PPFB.DE vs. GSPX.L — Risk / Return Rank
PPFB.DE
GSPX.L
PPFB.DE vs. GSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares Core S&P 500 UCITS ETF (GSPX.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.
| PPFB.DE | GSPX.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.71 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.08 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.17 | +1.41 |
Martin ratioReturn relative to average drawdown | 9.80 | 5.10 | +4.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPFB.DE | GSPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.71 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.61 | +0.81 |
Correlation
The correlation between PPFB.DE and GSPX.L is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPFB.DE vs. GSPX.L - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while GSPX.L's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSPX.L iShares Core S&P 500 UCITS ETF | 0.92% | 0.89% | 0.99% | 1.15% | 1.40% | 0.96% | 1.31% | 1.50% | 0.11% |
Drawdowns
PPFB.DE vs. GSPX.L - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum GSPX.L drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and GSPX.L.
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Drawdown Indicators
| PPFB.DE | GSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -34.88% | +18.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -12.43% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.77% | — |
Current DrawdownCurrent decline from peak | -9.03% | -5.50% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.72% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.08% | +2.28% |
Volatility
PPFB.DE vs. GSPX.L - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 11.24% compared to iShares Core S&P 500 UCITS ETF (GSPX.L) at 5.28%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than GSPX.L 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 | GSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 5.28% | +5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 9.50% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 18.30% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 17.80% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 19.98% | -3.92% |