XIEE.DE vs. PPFB.DE
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - XIEE.DE is a Europe Equities fund tracking the MSCI Europe, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, XIEE.DE returned 13.74%/yr vs 28.05%/yr for PPFB.DE. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
XIEE.DE vs. PPFB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XIEE.DE achieves a 7.68% return, which is significantly higher than PPFB.DE's 2.74% return.
XIEE.DE
- 1D
- 0.61%
- 1M
- 1.14%
- YTD
- 7.68%
- 6M
- 9.97%
- 1Y
- 15.94%
- 3Y*
- 13.74%
- 5Y*
- 9.99%
- 10Y*
- 9.16%
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
XIEE.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.68% | 20.34% | 8.08% | 15.72% | -9.15% | 8.42% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
Correlation
The correlation between XIEE.DE and PPFB.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.07 |
The correlation between XIEE.DE and PPFB.DE shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIEE.DE vs. PPFB.DE — Risk / Return Rank
XIEE.DE
PPFB.DE
XIEE.DE vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.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.
| XIEE.DE | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.81 | -0.14 |
| Martin ratioReturn relative to average drawdown | 6.35 | 4.60 | +1.75 |
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
| XIEE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.30 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.26 | -0.74 |
Drawdowns
XIEE.DE vs. PPFB.DE - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.51%, 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 XIEE.DE and PPFB.DE.
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Drawdown Indicators
| XIEE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -16.60% | -18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -16.60% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -16.60% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -15.00% | +13.39% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.40% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 6.55% | -4.02% |
Volatility
XIEE.DE vs. PPFB.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 4.32%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that XIEE.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
| XIEE.DE | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 5.11% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 20.18% | -9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 23.12% | -10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 16.13% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.13% | -0.59% |
XIEE.DE vs. PPFB.DE - Expense Ratio Comparison
Both XIEE.DE and PPFB.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XIEE.DE vs. PPFB.DE - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.43%, 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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.43% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
XIEE.DE and PPFB.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE and PPFB.DE have the same expense ratio: 0.12% per year.
XIEE.DE is categorized as Europe Equities, while PPFB.DE is Precious Metals. XIEE.DE tracks MSCI Europe, while PPFB.DE tracks Gold. They also come from different issuers: Xtrackers and iShares.
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