UBUD.DE vs. PPFB.DE
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and PPFB.DE (iShares Physical Gold ETC) are both Gold funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while PPFB.DE tracks the Gold. Both are passively managed. Over the past 5 years, UBUD.DE returned 27.63%/yr vs 18.64%/yr for PPFB.DE. Their 0.72 correlation means they have sometimes moved together and sometimes differently. UBUD.DE charges 0.43%/yr vs 0.12%/yr for PPFB.DE.
Performance
UBUD.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UBUD.DE achieves a -6.35% return, which is significantly lower than PPFB.DE's -5.49% return.
UBUD.DE
- 1D
- 8.06%
- 1M
- 4.25%
- 6M
- -12.33%
- YTD
- -6.35%
- 1Y
- 53.51%
- 3Y*
- 48.60%
- 5Y*
- 27.63%
- 10Y*
- 12.13%
- ALL TIME*
- 6.70%
PPFB.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.16%
- YTD
- -5.49%
- 1Y
- 21.03%
- 3Y*
- 26.10%
- 5Y*
- 18.64%
- 10Y*
- —
- ALL TIME*
- 17.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PPFB.DE iShares Physical Gold ETC | €9.09M | €9.21M | €9.71M |
| €784.79K | €910.22K | €1.57M |
UBUD.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.35% | 144.78% | 34.71% | 5.73% | 0.21% | -2.64% |
PPFB.DE iShares Physical Gold ETC | -5.49% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between UBUD.DE and PPFB.DE is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.72 |
The correlation between UBUD.DE and PPFB.DE has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
UBUD.DE vs. PPFB.DE — Risk / Return Rank
UBUD.DE
PPFB.DE
UBUD.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.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.
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.
| UBUD.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.94 | +0.48 |
| Martin ratioReturn relative to average drawdown | 3.00 | 1.96 | +1.04 |
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Drawdowns
UBUD.DE vs. PPFB.DE - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -71.17%, which is greater than PPFB.DE's maximum drawdown of -22.56%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and PPFB.DE.
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Drawdown Indicators
| UBUD.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.17% | -22.56% | -48.61% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -22.56% | -14.97% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -22.56% | -14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | -22.56% | -15.64% |
Max Drawdown (10Y)Largest decline over 10 years | -49.83% | — | — |
Current DrawdownCurrent decline from peak | -27.16% | -21.81% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -37.22% | -4.97% | -32.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.77% | 10.75% | +7.02% |
Volatility
UBUD.DE vs. PPFB.DE - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 15.32% compared to iShares Physical Gold ETC (PPFB.DE) at 6.00%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier 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
| UBUD.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 6.00% | +9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 37.15% | 18.17% | +18.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.63% | 24.82% | +24.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.83% | 16.55% | +20.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.24% | 16.47% | +20.77% |
UBUD.DE vs. PPFB.DE - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
UBUD.DE vs. PPFB.DE - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.43%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | 0.43% | 0.44% | 0.61% | 1.13% | 1.20% | 1.38% | 0.50% | 0.47% | 0.56% | 0.54% | 0.47% | 1.53% |
Frequently Asked Questions
UBUD.DE and PPFB.DE have a correlation of 0.81, 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 0.43% for UBUD.DE.
UBUD.DE tracks Solactive Global Pure Gold Miners, while PPFB.DE tracks Gold. They also come from different issuers: UBS and iShares. Their fees differ too: 0.43% for UBUD.DE and 0.12% for PPFB.DE.
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