TDIV.AS vs. PPFB.DE
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, TDIV.AS returned 20.14%/yr vs 28.05%/yr for PPFB.DE. At a 0.10 correlation, their price movements are largely independent. TDIV.AS charges 0.38%/yr vs 0.12%/yr for PPFB.DE.
Performance
TDIV.AS vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV.AS achieves a 11.72% return, which is significantly higher than PPFB.DE's 2.74% return.
TDIV.AS
- 1D
- 0.36%
- 1M
- 1.77%
- YTD
- 11.72%
- 6M
- 13.92%
- 1Y
- 28.07%
- 3Y*
- 20.14%
- 5Y*
- 17.83%
- 10Y*
- 12.48%
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
TDIV.AS vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.72% | 24.39% | 15.90% | 11.75% | 15.40% | 9.47% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between TDIV.AS and PPFB.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.10 |
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Return for Risk
TDIV.AS vs. PPFB.DE — Risk / Return Rank
TDIV.AS
PPFB.DE
TDIV.AS vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) 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.
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.
| TDIV.AS | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.26 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 1.81 | +6.00 |
| Martin ratioReturn relative to average drawdown | 22.20 | 4.60 | +17.60 |
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Drawdowns
TDIV.AS vs. PPFB.DE - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.10%, 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 TDIV.AS and PPFB.DE.
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Drawdown Indicators
| TDIV.AS | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.10% | -16.60% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -16.60% | +13.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -16.60% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -15.00% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.42% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 6.55% | -5.33% |
Volatility
TDIV.AS vs. PPFB.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) is 2.29%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that TDIV.AS 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
| TDIV.AS | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 5.11% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 20.18% | -13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.12% | 23.12% | -14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 16.13% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 16.13% | -1.43% |
TDIV.AS vs. PPFB.DE - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
TDIV.AS vs. PPFB.DE - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.14%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
TDIV.AS and PPFB.DE have a correlation of 0.12, 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 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while PPFB.DE is Precious Metals. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while PPFB.DE tracks Gold. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDIV.AS and 0.12% for PPFB.DE.
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