PPFB.DE vs. VAGU.L
PPFB.DE (iShares Physical Gold ETC) and VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 1.79%/yr for VAGU.L. At a 0.17 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.10%/yr for VAGU.L.
Performance
PPFB.DE vs. VAGU.L - Performance Comparison
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Different Trading Currencies
PPFB.DE is traded in EUR, while VAGU.L is traded in USD. To make them comparable, the VAGU.L 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 VAGU.L's 2.03% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.00%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 31.35%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
VAGU.L
- 1D
- 0.34%
- 1M
- 2.02%
- YTD
- 2.03%
- 6M
- 2.66%
- 1Y
- 3.27%
- 3Y*
- 1.79%
- 5Y*
- 1.12%
- 10Y*
- —
PPFB.DE vs. VAGU.L - 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% |
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | 2.03% | -7.50% | 9.50% | 3.70% | -7.19% | 2.89% |
Correlation
The correlation between PPFB.DE and VAGU.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.17 |
The correlation between PPFB.DE and VAGU.L shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPFB.DE vs. VAGU.L — Risk / Return Rank
PPFB.DE
VAGU.L
PPFB.DE vs. VAGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L). 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 | VAGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.10 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.77 | +1.04 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.00 | +2.60 |
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Drawdowns
PPFB.DE vs. VAGU.L - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, which is greater than VAGU.L's maximum drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and VAGU.L.
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Drawdown Indicators
| PPFB.DE | VAGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -12.93% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -4.23% | -12.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -11.01% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.44% | — |
Current DrawdownCurrent decline from peak | -15.00% | -6.69% | -8.31% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -6.10% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 1.63% | +4.92% |
Volatility
PPFB.DE vs. VAGU.L - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) at 1.27%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than VAGU.L 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 | VAGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.27% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 4.37% | +15.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 5.93% | +17.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 8.29% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 8.05% | +8.08% |
PPFB.DE vs. VAGU.L - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is higher than VAGU.L's 0.10% expense ratio. However, 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. VAGU.L - Dividend Comparison
Neither PPFB.DE nor VAGU.L has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and VAGU.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGU.L is cheaper with a 0.10% expense ratio, compared with 0.12% for PPFB.DE.
PPFB.DE is categorized as Precious Metals, while VAGU.L is Global Bonds. PPFB.DE tracks Gold, while VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for PPFB.DE and 0.10% for VAGU.L.
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