PPFB.DE vs. YGLD.DE
PPFB.DE (iShares Physical Gold ETC) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - PPFB.DE is a Gold fund tracking the Gold, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. PPFB.DE is passively managed, while YGLD.DE is actively managed. Over the past year, PPFB.DE returned 23.29% vs 13.12% for YGLD.DE. Their correlation of 0.82 suggests significant overlap in exposure. PPFB.DE charges 0.12%/yr vs 0.35%/yr for YGLD.DE.
Performance
PPFB.DE vs. YGLD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPFB.DE achieves a -5.76% return, which is significantly higher than YGLD.DE's -11.04% return.
PPFB.DE
- 1D
- 0.00%
- 1M
- -8.95%
- YTD
- -5.76%
- 6M
- -6.89%
- 1Y
- 23.29%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPFB.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | -5.76% | 49.11% | 0.14% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between PPFB.DE and YGLD.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.82 |
The correlation between PPFB.DE and YGLD.DE has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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. YGLD.DE — Risk / Return Rank
PPFB.DE
YGLD.DE
PPFB.DE vs. YGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (PPFB.DE) and IncomeShares Gold + Yield ETP (YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.62 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.94 | 1.35 | +1.59 |
Loading charts...
Drawdowns
PPFB.DE vs. YGLD.DE - Drawdown Comparison
The maximum PPFB.DE drawdown since its inception was -22.04%, roughly equal to the maximum YGLD.DE drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for PPFB.DE and YGLD.DE.
Loading charts...
Drawdown Indicators
| PPFB.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -21.11% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -21.11% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.04% | — | — |
Current DrawdownCurrent decline from peak | -22.04% | -20.51% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -6.04% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 9.70% | -1.75% |
Volatility
PPFB.DE vs. YGLD.DE - Volatility Comparison
iShares Physical Gold ETC (PPFB.DE) has a higher volatility of 8.03% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that PPFB.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPFB.DE | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 6.70% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.40% | 18.31% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 30.24% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 26.52% | -10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 26.52% | -10.12% |
PPFB.DE vs. YGLD.DE - Expense Ratio Comparison
PPFB.DE has a 0.12% expense ratio, which is lower than YGLD.DE's 0.35% expense ratio.
Dividends
PPFB.DE vs. YGLD.DE - Dividend Comparison
PPFB.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 |
|---|---|---|
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% |
Frequently Asked Questions
PPFB.DE and YGLD.DE have a correlation of 0.82, 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 0.35% for YGLD.DE.
PPFB.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.12% for PPFB.DE and 0.35% for YGLD.DE.
Find the right allocation for PPFB.DE and YGLD.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