PPFB.DE vs. XEON.DE
PPFB.DE (iShares Physical Gold ETC) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - PPFB.DE is a Precious Metals fund tracking the Gold, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 3 years, PPFB.DE returned 28.05%/yr vs 2.99%/yr for XEON.DE. At a 0.06 correlation, their price movements are largely independent. PPFB.DE charges 0.12%/yr vs 0.10%/yr for XEON.DE.
Performance
PPFB.DE vs. XEON.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 higher than XEON.DE's 0.80% return.
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.85%
- YTD
- 2.74%
- 6M
- 6.61%
- 1Y
- 31.41%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.12%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.94%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
PPFB.DE vs. XEON.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% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.27% |
Correlation
The correlation between PPFB.DE and XEON.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.06 |
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Return for Risk
PPFB.DE vs. XEON.DE — Risk / Return Rank
PPFB.DE
XEON.DE
PPFB.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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.
| PPFB.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.64 | ||
| Sortino ratioReturn per unit of downside risk | -19.49 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 4.27 | -3.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 69.36 | -67.55 |
| Martin ratioReturn relative to average drawdown | 4.60 | 316.53 | -311.93 |
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 | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 8.94 | -7.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.74 | +0.53 |
Drawdowns
PPFB.DE vs. XEON.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -16.60%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and XEON.DE.
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Drawdown Indicators
| PPFB.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -3.71% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -0.03% | -16.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -0.08% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -15.00% | -0.01% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -0.92% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 0.01% | +6.54% |
Volatility
PPFB.DE vs. XEON.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 5.11% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 0.04% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 0.16% | +20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 0.22% | +22.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 0.25% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 0.39% | +15.74% |
PPFB.DE vs. XEON.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is higher than XEON.DE'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. XEON.DE - Dividend Comparison
Neither PPFB.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
PPFB.DE and XEON.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for PPFB.DE.
PPFB.DE is categorized as Precious Metals, while XEON.DE is Bank Loan. PPFB.DE tracks Gold, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for PPFB.DE and 0.10% for XEON.DE.
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