PPFB.DE vs. TSM
PPFB.DE (iShares Physical Gold ETC) is Precious Metals fund tracking the Gold, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 57.11%/yr for TSM. At a 0.02 correlation, their price movements are largely independent.
Performance
PPFB.DE vs. TSM - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while TSM is traded in USD. To make them comparable, the TSM 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 lower than TSM's 42.38% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
TSM
- 1D
- 0.76%
- 1M
- 7.63%
- YTD
- 42.38%
- 6M
- 48.07%
- 1Y
- 99.27%
- 3Y*
- 57.11%
- 5Y*
- 32.51%
- 10Y*
- 35.37%
PPFB.DE vs. TSM - 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% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 42.38% | 37.40% | 105.29% | 38.06% | -32.83% | 7.23% |
Correlation
The correlation between PPFB.DE and TSM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.02 |
The correlation between PPFB.DE and TSM shifts across timeframes, from 0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. TSM — Risk / Return Rank
PPFB.DE
TSM
PPFB.DE vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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 | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 6.38 | -4.56 |
| Martin ratioReturn relative to average drawdown | 4.60 | 20.57 | -15.97 |
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Drawdowns
PPFB.DE vs. TSM - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum TSM drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and TSM.
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Drawdown Indicators
| PPFB.DE | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -50.24% | +33.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -15.66% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -40.23% | +23.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.24% | — |
Current DrawdownCurrent decline from peak | -15.00% | -4.37% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -10.50% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 4.85% | +1.70% |
Volatility
PPFB.DE vs. TSM - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 12.84%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than TSM 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 | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 12.84% | -7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 27.79% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 36.39% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 36.76% | -20.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 33.92% | -17.79% |
Dividends
PPFB.DE vs. TSM - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Frequently Asked Questions
PPFB.DE and TSM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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