PPFB.DE vs. IUSQ.DE
PPFB.DE (iShares Physical Gold ETC) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 17.12%/yr for IUSQ.DE. At a 0.08 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.20%/yr for IUSQ.DE.
Performance
PPFB.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly lower than IUSQ.DE's 11.73% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE
- 1D
- 1.86%
- 1M
- 2.20%
- YTD
- 11.73%
- 6M
- 13.44%
- 1Y
- 25.86%
- 3Y*
- 17.12%
- 5Y*
- 12.02%
- 10Y*
- 12.55%
PPFB.DE vs. IUSQ.DE - 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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.73% | 9.02% | 24.53% | 18.57% | -13.58% | 9.79% |
Correlation
The correlation between PPFB.DE and IUSQ.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.08 |
The correlation between PPFB.DE and IUSQ.DE shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. IUSQ.DE — Risk / Return Rank
PPFB.DE
IUSQ.DE
PPFB.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.97 | -2.16 |
| Martin ratioReturn relative to average drawdown | 4.60 | 16.29 | -11.69 |
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Drawdowns
PPFB.DE vs. IUSQ.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and IUSQ.DE.
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Drawdown Indicators
| PPFB.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -33.60% | +17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -6.48% | -10.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -21.25% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -15.00% | -1.37% | -13.63% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.18% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 1.58% | +4.97% |
Volatility
PPFB.DE vs. IUSQ.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.41%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE 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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.41% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 8.53% | +11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 11.69% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.97% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.03% | +1.10% |
PPFB.DE vs. IUSQ.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than IUSQ.DE's 0.20% 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. IUSQ.DE - Dividend Comparison
Neither PPFB.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and IUSQ.DE have a correlation of 0.22, 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 0.20% for IUSQ.DE.
PPFB.DE is categorized as Precious Metals, while IUSQ.DE is Global Equities. PPFB.DE tracks Gold, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.12% for PPFB.DE and 0.20% for IUSQ.DE.
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