VAGY.DE vs. PPFB.DE
VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - VAGY.DE is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate USD 1-3, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, VAGY.DE returned 2.52%/yr vs 28.05%/yr for PPFB.DE. At a 0.07 correlation, their price movements are largely independent. VAGY.DE charges 0.09%/yr vs 0.12%/yr for PPFB.DE.
Performance
VAGY.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGY.DE achieves a 2.12% return, which is significantly lower than PPFB.DE's 2.74% return.
VAGY.DE
- 1D
- -0.00%
- 1M
- 1.29%
- YTD
- 2.12%
- 6M
- 1.51%
- 1Y
- 2.75%
- 3Y*
- 2.52%
- 5Y*
- —
- 10Y*
- —
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
VAGY.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 2.12% | -5.79% | 11.38% | 0.78% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 7.84% |
Correlation
The correlation between VAGY.DE and PPFB.DE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.07 |
The correlation between VAGY.DE and PPFB.DE shifts across timeframes, from -0.16 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGY.DE vs. PPFB.DE — Risk / Return Rank
VAGY.DE
PPFB.DE
VAGY.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.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.
| VAGY.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.81 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.82 | 4.60 | -2.78 |
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
| VAGY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.30 | -0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.26 | -0.89 |
Drawdowns
VAGY.DE vs. PPFB.DE - Drawdown Comparison
The maximum VAGY.DE drawdown since its inception was -10.58%, smaller than the maximum PPFB.DE drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for VAGY.DE and PPFB.DE.
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Drawdown Indicators
| VAGY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -16.60% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -16.60% | +13.40% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -16.60% | +6.02% |
Current DrawdownCurrent decline from peak | -5.93% | -15.00% | +9.07% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -4.40% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 6.55% | -5.16% |
Volatility
VAGY.DE vs. PPFB.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) is 1.09%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that VAGY.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
| VAGY.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 5.11% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 20.18% | -16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 23.12% | -17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 16.13% | -9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 16.13% | -9.67% |
VAGY.DE vs. PPFB.DE - Expense Ratio Comparison
VAGY.DE has a 0.09% expense ratio, which is lower than PPFB.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VAGY.DE vs. PPFB.DE - Dividend Comparison
Neither VAGY.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGY.DE and PPFB.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGY.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for PPFB.DE.
VAGY.DE is categorized as Corporate Bonds, while PPFB.DE is Precious Metals. VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3, while PPFB.DE tracks Gold. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VAGY.DE and 0.12% for PPFB.DE.
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