PPFB.DE vs. PAM
PPFB.DE (iShares Physical Gold ETC) is Precious Metals fund tracking the Gold, while PAM (Pampa Energía S.A.) is a stock. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 23.99%/yr for PAM. At a correlation of -0.00, they often move in opposite directions.
Performance
PPFB.DE vs. PAM - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while PAM is traded in USD. To make them comparable, the PAM 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 2.74% return, which is significantly higher than PAM's -3.41% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
PAM
- 1D
- 0.00%
- 1M
- 2.52%
- YTD
- -3.41%
- 6M
- -6.34%
- 1Y
- 13.12%
- 3Y*
- 23.99%
- 5Y*
- 39.20%
- 10Y*
- 12.45%
PPFB.DE vs. PAM - 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% | 3.62% |
PAM Pampa Energía S.A. | -3.41% | -11.30% | 89.31% | 50.39% | 60.68% | 39.46% |
Correlation
The correlation between PPFB.DE and PAM is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | -0.00 |
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Return for Risk
PPFB.DE vs. PAM — Risk / Return Rank
PPFB.DE
PAM
PPFB.DE vs. PAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Pampa Energía S.A. (PAM). 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.
| PPFB.DE | PAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.10 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.41 | +1.40 |
| Martin ratioReturn relative to average drawdown | 4.60 | 1.01 | +3.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPFB.DE | PAM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.26 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.28 | +0.98 |
Drawdowns
PPFB.DE vs. PAM - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum PAM drawdown of -86.45%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and PAM.
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Drawdown Indicators
| PPFB.DE | PAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -86.45% | +69.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -32.35% | +15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -48.20% | +31.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.45% | — |
Current DrawdownCurrent decline from peak | -15.00% | -21.41% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -41.78% | +37.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 13.08% | -6.53% |
Volatility
PPFB.DE vs. PAM - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while Pampa Energía S.A. (PAM) has a volatility of 11.23%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than PAM 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 | PAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 11.23% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 23.45% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 51.09% | -27.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 46.13% | -30.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 51.99% | -35.86% |
Dividends
PPFB.DE vs. PAM - Dividend Comparison
Neither PPFB.DE nor PAM has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and PAM have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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