PPFB.DE vs. USPY.DE
PPFB.DE (iShares Physical Gold ETC) and USPY.DE (L&G Cyber Security UCITS ETF) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 22.29%/yr for USPY.DE. At a 0.02 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.69%/yr for USPY.DE.
Performance
PPFB.DE vs. USPY.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 USPY.DE's 31.89% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
USPY.DE
- 1D
- 1.42%
- 1M
- 11.41%
- YTD
- 31.89%
- 6M
- 28.78%
- 1Y
- 28.68%
- 3Y*
- 22.29%
- 5Y*
- 10.64%
- 10Y*
- 16.17%
PPFB.DE vs. USPY.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% |
USPY.DE L&G Cyber Security UCITS ETF | 31.89% | -3.39% | 24.34% | 37.45% | -28.70% | 5.78% |
Correlation
The correlation between PPFB.DE and USPY.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.02 |
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. USPY.DE — Risk / Return Rank
PPFB.DE
USPY.DE
PPFB.DE vs. USPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and L&G Cyber Security UCITS ETF (USPY.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 | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.40 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.60 | 3.76 | +0.84 |
Loading charts...
Drawdowns
PPFB.DE vs. USPY.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, smaller than the maximum USPY.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and USPY.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -36.25% | +19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -19.61% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -30.52% | +13.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -15.00% | -7.76% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -10.93% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 7.32% | -0.77% |
Volatility
PPFB.DE vs. USPY.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (PPFB.DE) is 5.11%, while L&G Cyber Security UCITS ETF (USPY.DE) has a volatility of 11.60%. This indicates that PPFB.DE experiences smaller price fluctuations and is considered to be less risky than USPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 11.60% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 23.85% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 27.13% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 24.76% | -8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 23.61% | -7.48% |
PPFB.DE vs. USPY.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
PPFB.DE vs. USPY.DE - Dividend Comparison
Neither PPFB.DE nor USPY.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and USPY.DE have a correlation of -0.06, 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 0.69% for USPY.DE.
PPFB.DE is categorized as Precious Metals, while USPY.DE is Technology Equities. PPFB.DE tracks Gold, while USPY.DE tracks ISE Cyber Security UCITS. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.12% for PPFB.DE and 0.69% for USPY.DE.
Find the right allocation for PPFB.DE and USPY.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