PPFB.DE vs. IS3N.DE
PPFB.DE (iShares Physical Gold ETC) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 5 years, PPFB.DE returned 17.85%/yr vs 7.21%/yr for IS3N.DE. At a 0.17 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.18%/yr for IS3N.DE.
Performance
PPFB.DE vs. IS3N.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPFB.DE achieves a -6.38% return, which is significantly lower than IS3N.DE's 18.17% 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*
- —
IS3N.DE
- 1D
- -1.97%
- 1M
- -9.63%
- 6M
- 10.94%
- YTD
- 18.17%
- 1Y
- 31.10%
- 3Y*
- 17.61%
- 5Y*
- 7.21%
- 10Y*
- 8.50%
PPFB.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.17% | 17.14% | 13.88% | 7.20% | -13.85% | -3.38% |
Correlation
The correlation between PPFB.DE and IS3N.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
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 IS3N.DE shifts across timeframes, from 0.17 (5 years) to 0.37 (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. IS3N.DE — Risk / Return Rank
PPFB.DE
IS3N.DE
PPFB.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.89 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.28 | 8.76 | -6.48 |
Loading charts...
Drawdowns
PPFB.DE vs. IS3N.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and IS3N.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -35.06% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -10.59% | -11.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -19.18% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -21.99% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -22.54% | -10.59% | -11.95% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -9.23% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 3.50% | +6.08% |
Volatility
PPFB.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 6.29%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.01%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 8.01% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 17.36% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 19.68% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 16.72% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 18.19% | -1.74% |
PPFB.DE vs. IS3N.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than IS3N.DE's 0.18% 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. IS3N.DE - Dividend Comparison
Neither PPFB.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and IS3N.DE have a correlation of 0.37, 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 0.18% for IS3N.DE.
PPFB.DE is categorized as Gold, while IS3N.DE is Emerging Markets Equities. PPFB.DE tracks Gold, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.12% for PPFB.DE and 0.18% for IS3N.DE.
Find the right allocation for PPFB.DE and IS3N.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