USPY.DE vs. PPFB.DE
USPY.DE (L&G Cyber Security UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, USPY.DE returned 22.29%/yr vs 28.05%/yr for PPFB.DE. At a 0.02 correlation, their price movements are largely independent. USPY.DE charges 0.69%/yr vs 0.12%/yr for PPFB.DE.
Performance
USPY.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USPY.DE achieves a 31.89% return, which is significantly higher than PPFB.DE's 2.74% return.
USPY.DE
- 1D
- 1.42%
- 1M
- 11.41%
- YTD
- 31.89%
- 6M
- 28.78%
- 1Y
- 28.68%
- 3Y*
- 22.29%
- 5Y*
- 10.64%
- 10Y*
- 16.17%
PPFB.DE
- 1D
- 0.61%
- 1M
- -4.13%
- YTD
- 2.74%
- 6M
- 5.47%
- 1Y
- 29.94%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
USPY.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 31.89% | -3.39% | 24.34% | 37.45% | -28.70% | 5.78% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 2.86% |
Correlation
The correlation between USPY.DE and PPFB.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.02 |
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Return for Risk
USPY.DE vs. PPFB.DE — Risk / Return Rank
USPY.DE
PPFB.DE
USPY.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.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.
| USPY.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.81 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.76 | 4.60 | -0.84 |
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Drawdowns
USPY.DE vs. PPFB.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -36.25%, 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 USPY.DE and PPFB.DE.
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Drawdown Indicators
| USPY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -16.60% | -19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -16.60% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -16.60% | -13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -7.76% | -15.00% | +7.24% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -4.42% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 6.55% | +0.77% |
Volatility
USPY.DE vs. PPFB.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 11.60% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that USPY.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
| USPY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 5.11% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 20.18% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 23.12% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.76% | 16.13% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.61% | 16.13% | +7.48% |
USPY.DE vs. PPFB.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
USPY.DE vs. PPFB.DE - Dividend Comparison
Neither USPY.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and PPFB.DE have a correlation of -0.06, 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 0.69% for USPY.DE.
USPY.DE is categorized as Technology Equities, while PPFB.DE is Precious Metals. USPY.DE tracks ISE Cyber Security UCITS, while PPFB.DE tracks Gold. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.69% for USPY.DE and 0.12% for PPFB.DE.
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