PPFB.DE vs. MWOE.DE
PPFB.DE (iShares Physical Gold ETC) and MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while MWOE.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 17.43%/yr for MWOE.DE. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
PPFB.DE vs. MWOE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPFB.DE achieves a 2.74% return, which is significantly lower than MWOE.DE's 10.64% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
MWOE.DE
- 1D
- -0.02%
- 1M
- 2.89%
- YTD
- 10.64%
- 6M
- 12.21%
- 1Y
- 24.17%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
PPFB.DE vs. MWOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | -1.72% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | -0.40% |
Correlation
The correlation between PPFB.DE and MWOE.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 5, 2022 | 0.11 |
The correlation between PPFB.DE and MWOE.DE shifts across timeframes, from 0.11 (all time) to 0.22 (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. MWOE.DE — Risk / Return Rank
PPFB.DE
MWOE.DE
PPFB.DE vs. MWOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Amundi MSCI World UCITS ETF - USD Dist (MWOE.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 | MWOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.49 | -1.68 |
| Martin ratioReturn relative to average drawdown | 4.60 | 13.79 | -9.19 |
Loading charts...
Drawdowns
PPFB.DE vs. MWOE.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum MWOE.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and MWOE.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | MWOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -21.83% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -6.74% | -9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -21.83% | +5.23% |
Current DrawdownCurrent decline from peak | -15.00% | -0.33% | -14.67% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -3.61% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 1.71% | +4.84% |
Volatility
PPFB.DE vs. MWOE.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) at 2.63%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than MWOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | MWOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.63% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 7.67% | +12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 11.08% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.41% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 13.41% | +2.72% |
PPFB.DE vs. MWOE.DE - Expense Ratio Comparison
Both PPFB.DE and MWOE.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
PPFB.DE vs. MWOE.DE - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while MWOE.DE's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPFB.DE and MWOE.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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PPFB.DE and MWOE.DE have the same expense ratio: 0.12% per year.
PPFB.DE is categorized as Precious Metals, while MWOE.DE is Global Equities. PPFB.DE tracks Gold, while MWOE.DE tracks MSCI World. They also come from different issuers: iShares and Amundi.
Find the right allocation for PPFB.DE and MWOE.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