PPFB.DE vs. IEF
PPFB.DE (iShares Physical Gold ETC) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 0.49%/yr for IEF. At a 0.18 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.15%/yr for IEF.
Performance
PPFB.DE vs. IEF - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while IEF is traded in USD. To make them comparable, the IEF 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 2.74% return, which is significantly higher than IEF's 1.07% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
IEF
- 1D
- -0.09%
- 1M
- 1.46%
- YTD
- 1.07%
- 6M
- 1.30%
- 1Y
- 3.57%
- 3Y*
- 0.49%
- 5Y*
- -0.34%
- 10Y*
- 0.27%
PPFB.DE vs. IEF - 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% |
IEF iShares 7-10 Year Treasury Bond ETF | 1.07% | -4.79% | 5.92% | 0.53% | -9.90% | 2.59% |
Correlation
The correlation between PPFB.DE and IEF is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.18 |
The correlation between PPFB.DE and IEF shifts across timeframes, from -0.01 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. IEF — Risk / Return Rank
PPFB.DE
IEF
PPFB.DE vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.71 | +1.11 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.01 | +2.59 |
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Drawdowns
PPFB.DE vs. IEF - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum IEF drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and IEF.
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Drawdown Indicators
| PPFB.DE | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -21.59% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -5.08% | -11.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -11.07% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.59% | — |
Current DrawdownCurrent decline from peak | -15.00% | -16.26% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -9.57% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 1.78% | +4.77% |
Volatility
PPFB.DE vs. IEF - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.02%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than IEF 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 | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.02% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 4.62% | +15.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 6.12% | +17.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 9.18% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 8.74% | +7.39% |
PPFB.DE vs. IEF - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than IEF'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. IEF - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while IEF's dividend yield for the trailing twelve months is around 3.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
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 IEF have a correlation of -0.01, 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 IEF.
PPFB.DE is categorized as Precious Metals, while IEF is Government Bonds. PPFB.DE tracks Gold, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. Their fees differ too: 0.12% for PPFB.DE and 0.15% for IEF.
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