XMEU.L vs. PPFB.DE
XMEU.L (Xtrackers MSCI Europe UCITS ETF 1C) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - XMEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while PPFB.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, XMEU.L returned 13.78%/yr vs 28.23%/yr for PPFB.DE. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
XMEU.L vs. PPFB.DE - Performance Comparison
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Different Trading Currencies
XMEU.L is traded in GBp, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMEU.L achieves a 6.81% return, which is significantly higher than PPFB.DE's 1.93% return.
XMEU.L
- 1D
- 0.54%
- 1M
- 1.15%
- YTD
- 6.81%
- 6M
- 8.75%
- 1Y
- 18.92%
- 3Y*
- 13.78%
- 5Y*
- 10.12%
- 10Y*
- 10.17%
PPFB.DE
- 1D
- 0.74%
- 1M
- -1.35%
- YTD
- 1.93%
- 6M
- 5.36%
- 1Y
- 33.72%
- 3Y*
- 28.23%
- 5Y*
- —
- 10Y*
- —
XMEU.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C | 6.81% | 25.81% | 3.60% | 13.26% | -3.48% | 5.91% |
PPFB.DE iShares Physical Gold ETC | 1.88% | 56.87% | 28.32% | 7.24% | 12.90% | 1.36% |
Correlation
The correlation between XMEU.L and PPFB.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.05 |
The correlation between XMEU.L and PPFB.DE shifts across timeframes, from 0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMEU.L vs. PPFB.DE — Risk / Return Rank
XMEU.L
PPFB.DE
XMEU.L vs. PPFB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) 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.
| XMEU.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.94 | -0.10 |
| Martin ratioReturn relative to average drawdown | 6.65 | 5.11 | +1.54 |
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
| XMEU.L | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.45 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.26 | -0.83 |
Drawdowns
XMEU.L vs. PPFB.DE - Drawdown Comparison
The maximum XMEU.L drawdown since its inception was -44.27%, which is greater than PPFB.DE's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for XMEU.L and PPFB.DE.
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Drawdown Indicators
| XMEU.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.27% | -17.33% | -26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -17.33% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -17.33% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -15.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -15.65% | +14.54% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -3.73% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 6.59% | -3.73% |
Volatility
XMEU.L vs. PPFB.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) is 3.78%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.11%. This indicates that XMEU.L 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
| XMEU.L | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 5.11% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 20.09% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 23.17% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 16.30% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 16.30% | -1.44% |
XMEU.L vs. PPFB.DE - Expense Ratio Comparison
Both XMEU.L 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
XMEU.L vs. PPFB.DE - Dividend Comparison
Neither XMEU.L nor PPFB.DE has 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% |
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% |
Frequently Asked Questions
XMEU.L and PPFB.DE have a correlation of 0.23, 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.
XMEU.L and PPFB.DE have the same expense ratio: 0.12% per year.
XMEU.L is categorized as Europe Equities, while PPFB.DE is Precious Metals. XMEU.L tracks MSCI Europe NR EUR, while PPFB.DE tracks Gold. They also come from different issuers: Xtrackers and iShares.
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