PPFB.DE vs. QDVA.DE
PPFB.DE (iShares Physical Gold ETC) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 28.53%/yr for QDVA.DE. At a 0.04 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.20%/yr for QDVA.DE.
Performance
PPFB.DE vs. QDVA.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 QDVA.DE's 31.46% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.65%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.72%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
PPFB.DE vs. QDVA.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% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 31.46% | 5.15% | 39.98% | 5.96% | -13.64% | 11.14% |
Correlation
The correlation between PPFB.DE and QDVA.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.04 |
The correlation between PPFB.DE and QDVA.DE shifts across timeframes, from 0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. QDVA.DE — Risk / Return Rank
PPFB.DE
QDVA.DE
PPFB.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.33 | -2.52 |
| Martin ratioReturn relative to average drawdown | 4.60 | 13.88 | -9.28 |
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Drawdowns
PPFB.DE vs. QDVA.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum QDVA.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and QDVA.DE.
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Drawdown Indicators
| PPFB.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -33.33% | +16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -9.50% | -7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -25.56% | +8.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.56% | — |
Current DrawdownCurrent decline from peak | -15.00% | -1.01% | -13.99% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -6.95% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 2.97% | +3.58% |
Volatility
PPFB.DE vs. QDVA.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 8.61%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 8.61% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 16.57% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 19.56% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 19.26% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 19.34% | -3.21% |
PPFB.DE vs. QDVA.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than QDVA.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. QDVA.DE - Dividend Comparison
Neither PPFB.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and QDVA.DE have a correlation of 0.17, 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 QDVA.DE.
PPFB.DE is categorized as Gold, while QDVA.DE is Momentum. PPFB.DE tracks Gold, while QDVA.DE tracks MSCI USA Momentum Index. Their fees differ too: 0.12% for PPFB.DE and 0.20% for QDVA.DE.
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