RACE vs. PHPP.L

Last updated Jun 12, 2026

RACE (Ferrari N.V.) is a stock, while PHPP.L (WisdomTree Physical Precious Metals) is Precious Metals fund tracking the Precious Metals Basket. Over the past 10 years, RACE returned 25.54%/yr vs 11.28%/yr for PHPP.L. At a 0.13 correlation, their price movements are largely independent.

Performance

RACE vs. PHPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ferrari N.V. (RACE) and WisdomTree Physical Precious Metals (PHPP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RACE is traded in USD, while PHPP.L is traded in GBp. To make them comparable, the PHPP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RACE achieves a 1.23% return, which is significantly higher than PHPP.L's -8.71% return. Over the past 10 years, RACE has outperformed PHPP.L with an annualized return of 25.54%, while PHPP.L has yielded a comparatively lower 11.28% annualized return.

RACE

• 1D: 5.50%
• 1M: 11.04%
• YTD: 1.23%
• 6M: 1.67%
• 1Y: -22.45%
• 3Y*: 8.36%
• 5Y*: 12.91%
• 10Y*: 25.54%

PHPP.L

• 1D: -0.36%
• 1M: -16.12%
• YTD: -8.71%
• 6M: -3.35%
• 1Y: 33.36%
• 3Y*: 24.82%
• 5Y*: 9.53%
• 10Y*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RACE vs. PHPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RACE Ferrari N.V.	1.23%	-11.65%	26.34%	59.12%	-16.68%	13.32%	39.71%	67.87%	-4.47%	81.95%
PHPP.L WisdomTree Physical Precious Metals	-8.71%	85.47%	15.31%	-3.73%	-0.29%	-11.08%	26.04%	27.32%	-0.53%	15.41%

Correlation

The correlation between RACE and PHPP.L is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 21, 2015	0.13

Return for Risk

RACE vs. PHPP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RACE

RACE Risk / Return Rank: 20
RACE Sharpe Ratio Rank: 15
RACE Sortino Ratio Rank: 17
RACE Omega Ratio Rank: 17
RACE Calmar Ratio Rank: 23
RACE Martin Ratio Rank: 26

PHPP.L

PHPP.L Risk / Return Rank: 31
PHPP.L Sharpe Ratio Rank: 34
PHPP.L Sortino Ratio Rank: 32
PHPP.L Omega Ratio Rank: 37
PHPP.L Calmar Ratio Rank: 28
PHPP.L Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RACE vs. PHPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) and WisdomTree Physical Precious Metals (PHPP.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.

	RACE	PHPP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	0.99	-1.62
Sortino ratio: Return per unit of downside risk	-0.70	1.40	-2.10
Omega ratio: Gain probability vs. loss probability	0.91	1.20	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.57	1.05	-1.62
Martin ratio: Return relative to average drawdown	-0.90	2.72	-3.62

RACE vs. PHPP.L - Sharpe Ratio Comparison

The current RACE Sharpe Ratio is -0.64, which is lower than the PHPP.L Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of RACE and PHPP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RACE vs. PHPP.L - Drawdown Comparison

The maximum RACE drawdown since its inception was -46.67%, smaller than the maximum PHPP.L drawdown of -70.33%. Use the drawdown chart below to compare losses from any high point for RACE and PHPP.L.

Drawdown Indicators

	RACE	PHPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-46.67%	-70.33%	+23.66%
Max Drawdown (1Y) Largest decline over 1 year	-39.22%	-31.77%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	-39.22%	-31.77%	-7.45%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	-31.77%	-7.45%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	-31.77%	-7.45%
Current Drawdown Current decline from peak	-27.73%	-31.77%	+4.04%
Average Drawdown Average peak-to-trough decline	-11.49%	-37.55%	+26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.95%	12.25%	+12.70%

Volatility

RACE vs. PHPP.L - Volatility Comparison

Ferrari N.V. (RACE) has a higher volatility of 12.09% compared to WisdomTree Physical Precious Metals (PHPP.L) at 8.59%. This indicates that RACE's price experiences larger fluctuations and is considered to be riskier than PHPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RACE	PHPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	8.59%	+3.50%
Volatility (6M) Calculated over the trailing 6-month period	24.54%	31.09%	-6.55%
Volatility (1Y) Calculated over the trailing 1-year period	35.25%	33.71%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	23.53%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.54%	20.89%	+8.65%

Dividends

RACE vs. PHPP.L - Dividend Comparison

RACE's dividend yield for the trailing twelve months is around 2.33%, while PHPP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PHPP.L WisdomTree Physical Precious Metals	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RACE Ferrari N.V.	2.33%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%

Frequently Asked Questions

Can I hold both RACE and PHPP.L in my portfolio?

RACE and PHPP.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.