PPFB.DE vs. NUKL.DE
PPFB.DE (iShares Physical Gold ETC) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while NUKL.DE is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, PPFB.DE returned 25.59%/yr vs 33.29%/yr for NUKL.DE. At a 0.24 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.55%/yr for NUKL.DE.
Performance
PPFB.DE vs. NUKL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PPFB.DE achieves a -6.38% return, which is significantly higher than NUKL.DE's -8.46% 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*
- —
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
PPFB.DE vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | -6.38% | 49.11% | 34.17% | 6.13% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | -8.46% | 51.50% | 38.03% | 15.17% |
Correlation
The correlation between PPFB.DE and NUKL.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.24 |
Over the past year, PPFB.DE and NUKL.DE have become more correlated (0.44) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
PPFB.DE vs. NUKL.DE — Risk / Return Rank
PPFB.DE
NUKL.DE
PPFB.DE vs. NUKL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.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 | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.13 | +0.84 |
| Martin ratioReturn relative to average drawdown | 2.28 | 0.27 | +2.01 |
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Drawdowns
PPFB.DE vs. NUKL.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.54%, smaller than the maximum NUKL.DE drawdown of -37.52%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and NUKL.DE.
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Drawdown Indicators
| PPFB.DE | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -37.52% | +14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -22.54% | -28.54% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -37.52% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | — | — |
Current DrawdownCurrent decline from peak | -22.54% | -28.54% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -8.77% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 13.55% | -3.97% |
Volatility
PPFB.DE vs. NUKL.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 6.29%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 8.21%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than NUKL.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 | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 8.21% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 28.78% | -7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 42.02% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 34.53% | -18.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 34.53% | -18.08% |
PPFB.DE vs. NUKL.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
PPFB.DE vs. NUKL.DE - Dividend Comparison
Neither PPFB.DE nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and NUKL.DE have a correlation of 0.44, 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 0.55% for NUKL.DE.
PPFB.DE is categorized as Gold, while NUKL.DE is Uranium. PPFB.DE tracks Gold, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.12% for PPFB.DE and 0.55% for NUKL.DE.
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