PPFB.DE vs. ISP6.L
PPFB.DE (iShares Physical Gold ETC) and ISP6.L (iShares S&P SmallCap 600 UCITS ETF) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD. Both are passively managed. Over the past 5 years, PPFB.DE returned 17.85%/yr vs 7.94%/yr for ISP6.L. At a 0.03 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.40%/yr for ISP6.L.
Performance
PPFB.DE vs. ISP6.L - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while ISP6.L is traded in GBp. To make them comparable, the ISP6.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 -6.38% return, which is significantly lower than ISP6.L's 22.68% 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*
- —
ISP6.L
- 1D
- -1.25%
- 1M
- 3.20%
- 6M
- 15.15%
- YTD
- 22.68%
- 1Y
- 31.69%
- 3Y*
- 12.58%
- 5Y*
- 7.94%
- 10Y*
- 9.79%
PPFB.DE vs. ISP6.L - 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% |
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 22.68% | -6.07% | 14.01% | 13.33% | -11.53% | 11.31% |
Correlation
The correlation between PPFB.DE and ISP6.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.03 |
The correlation between PPFB.DE and ISP6.L shifts across timeframes, from 0.03 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. ISP6.L — Risk / Return Rank
PPFB.DE
ISP6.L
PPFB.DE vs. ISP6.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares S&P SmallCap 600 UCITS ETF (ISP6.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 | ISP6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 5.15 | -4.18 |
| Martin ratioReturn relative to average drawdown | 2.28 | 14.60 | -12.32 |
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Drawdowns
PPFB.DE vs. ISP6.L - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum ISP6.L drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and ISP6.L.
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Drawdown Indicators
| PPFB.DE | ISP6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -70.50% | +47.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -6.12% | -16.42% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -32.44% | +9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -32.44% | +9.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.30% | — |
Current DrawdownCurrent decline from peak | -22.54% | -2.65% | -19.89% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -17.36% | +12.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 2.17% | +7.41% |
Volatility
PPFB.DE vs. ISP6.L - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 6.29% compared to iShares S&P SmallCap 600 UCITS ETF (ISP6.L) at 4.51%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than ISP6.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 | ISP6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.51% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 10.90% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 15.83% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 19.92% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 21.25% | -4.80% |
PPFB.DE vs. ISP6.L - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than ISP6.L's 0.40% expense ratio.
Dividends
PPFB.DE vs. ISP6.L - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while ISP6.L's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 0.53% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
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 ISP6.L have a correlation of 0.19, 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 0.40% for ISP6.L.
PPFB.DE is categorized as Gold, while ISP6.L is Small Cap Blend Equities. PPFB.DE tracks Gold, while ISP6.L tracks Russell 2000 TR USD. Their fees differ too: 0.12% for PPFB.DE and 0.40% for ISP6.L.
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