PPFB.DE vs. LYQ3.DE
PPFB.DE (iShares Physical Gold ETC) and LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while LYQ3.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year Bond. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 2.83%/yr for LYQ3.DE. At a 0.30 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.17%/yr for LYQ3.DE.
Performance
PPFB.DE vs. LYQ3.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 higher than LYQ3.DE's -0.12% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
LYQ3.DE
- 1D
- 0.20%
- 1M
- 0.64%
- YTD
- -0.12%
- 6M
- 0.33%
- 1Y
- 0.51%
- 3Y*
- 2.83%
- 5Y*
- -0.36%
- 10Y*
- -0.03%
PPFB.DE vs. LYQ3.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% |
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.12% | 2.66% | 2.16% | 5.09% | -10.00% | -0.86% |
Correlation
The correlation between PPFB.DE and LYQ3.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 | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.30 |
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Return for Risk
PPFB.DE vs. LYQ3.DE — Risk / Return Rank
PPFB.DE
LYQ3.DE
PPFB.DE vs. LYQ3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.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 | LYQ3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.21 | +1.60 |
| Martin ratioReturn relative to average drawdown | 4.60 | 0.58 | +4.02 |
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Drawdowns
PPFB.DE vs. LYQ3.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, which is greater than LYQ3.DE's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and LYQ3.DE.
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Drawdown Indicators
| PPFB.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -12.42% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -2.39% | -14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -2.39% | -14.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.42% | — |
Current DrawdownCurrent decline from peak | -15.00% | -2.66% | -12.34% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -2.17% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 0.88% | +5.67% |
Volatility
PPFB.DE vs. LYQ3.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) at 0.94%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than LYQ3.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 | LYQ3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 0.94% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 2.23% | +17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 2.52% | +20.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 3.56% | +12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 2.80% | +13.33% |
PPFB.DE vs. LYQ3.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than LYQ3.DE's 0.17% 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. LYQ3.DE - Dividend Comparison
Neither PPFB.DE nor LYQ3.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and LYQ3.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 0.17% for LYQ3.DE.
PPFB.DE is categorized as Precious Metals, while LYQ3.DE is European Government Bonds. PPFB.DE tracks Gold, while LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for PPFB.DE and 0.17% for LYQ3.DE.
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