UCG.MI vs. PPFB.DE
UCG.MI (UniCredit S.p.A.) is a stock, while PPFB.DE (iShares Physical Gold ETC) is Gold fund tracking the Gold. Over the past 3 years, UCG.MI returned 66.44%/yr vs 28.05%/yr for PPFB.DE. At a correlation of -0.05, they often move in opposite directions.
Performance
UCG.MI vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCG.MI achieves a 5.89% return, which is significantly higher than PPFB.DE's 2.74% return.
UCG.MI
- 1D
- 4.10%
- 1M
- 1.31%
- YTD
- 5.89%
- 6M
- 11.29%
- 1Y
- 36.86%
- 3Y*
- 66.44%
- 5Y*
- 54.62%
- 10Y*
- 33.60%
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
UCG.MI vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCG.MI UniCredit S.p.A. | 5.89% | 94.09% | 69.10% | 95.01% | 3.82% | 42.08% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between UCG.MI and PPFB.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | -0.05 |
The correlation between UCG.MI and PPFB.DE shifts across timeframes, from -0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCG.MI vs. PPFB.DE — Risk / Return Rank
UCG.MI
PPFB.DE
UCG.MI vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UniCredit S.p.A. (UCG.MI) 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.
| UCG.MI | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.81 | -0.37 |
| Martin ratioReturn relative to average drawdown | 4.03 | 4.60 | -0.57 |
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Drawdowns
UCG.MI vs. PPFB.DE - Drawdown Comparison
The maximum UCG.MI drawdown since its inception was -93.56%, 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 UCG.MI and PPFB.DE.
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Drawdown Indicators
| UCG.MI | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.56% | -16.60% | -76.96% |
Max Drawdown (1Y)Largest decline over 1 year | -24.17% | -16.60% | -7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.17% | -16.60% | -7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -46.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.16% | — | — |
Current DrawdownCurrent decline from peak | -4.50% | -15.00% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -65.98% | -4.42% | -61.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 6.55% | +2.11% |
Volatility
UCG.MI vs. PPFB.DE - Volatility Comparison
UniCredit S.p.A. (UCG.MI) has a higher volatility of 8.15% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that UCG.MI'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
| UCG.MI | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 5.11% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 24.82% | 20.18% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.19% | 23.12% | +8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 16.13% | +19.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.06% | 16.13% | +31.93% |
Dividends
UCG.MI vs. PPFB.DE - Dividend Comparison
UCG.MI's dividend yield for the trailing twelve months is around 4.30%, 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% |
UCG.MI UniCredit S.p.A. | 4.30% | 4.10% | 7.08% | 4.02% | 4.05% | 0.89% | 0.00% | 2.07% | 3.24% | 0.00% | 0.88% | 0.47% |
Frequently Asked Questions
UCG.MI and PPFB.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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