SPYY.DE vs. PPFB.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, SPYY.DE returned 17.99%/yr vs 28.05%/yr for PPFB.DE. At a 0.08 correlation, their price movements are largely independent. SPYY.DE charges 0.40%/yr vs 0.12%/yr for PPFB.DE.
Performance
SPYY.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 12.54% return, which is significantly higher than PPFB.DE's 2.74% return.
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.61%
- YTD
- 12.54%
- 6M
- 12.98%
- 1Y
- 26.12%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.85%
- YTD
- 2.74%
- 6M
- 6.61%
- 1Y
- 31.41%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
SPYY.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 10.20% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
Correlation
The correlation between SPYY.DE and PPFB.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.08 |
The correlation between SPYY.DE and PPFB.DE shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYY.DE vs. PPFB.DE — Risk / Return Rank
SPYY.DE
PPFB.DE
SPYY.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and iShares Physical Gold ETC (PPFB.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.
| SPYY.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.81 | +2.29 |
| Martin ratioReturn relative to average drawdown | 16.60 | 4.60 | +12.00 |
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
| SPYY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.30 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.26 | -0.43 |
Drawdowns
SPYY.DE vs. PPFB.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, which is greater than PPFB.DE's maximum drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and PPFB.DE.
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Drawdown Indicators
| SPYY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -16.60% | -16.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -16.60% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -16.60% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -15.00% | +14.39% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -4.40% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 6.55% | -4.94% |
Volatility
SPYY.DE vs. PPFB.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than PPFB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 5.11% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 20.18% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 23.12% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 16.13% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 16.13% | -1.06% |
SPYY.DE vs. PPFB.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
SPYY.DE vs. PPFB.DE - Dividend Comparison
Neither SPYY.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and PPFB.DE have a correlation of 0.23, 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 0.40% for SPYY.DE.
SPYY.DE is categorized as Global Equities, while PPFB.DE is Precious Metals. SPYY.DE tracks MSCI All Country World (ACWI), while PPFB.DE tracks Gold. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYY.DE and 0.12% for PPFB.DE.
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