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Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) Sharpe Ratio: 0.16

ETF · Currency in EUR · Last updated Jun 5, 2026

The Invesco Physical Gold EUR Hedged ETC (8PSE) provides EUR-hedged exposure to the spot price of gold, as measured by the LBMA Gold Price PM. The ETC is backed by physical gold bars held in secured London vaults and is domiciled in Ireland. It has a total expense ratio of 0.34%, was launched on July 9, 2020, and is issued by Invesco Physical Markets plc.

8PSE.DE's Sharpe Ratio of 0.16 indicates that for each unit of volatility, it generates 0.16 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

8PSE.DE Sharpe Ratio Rank

8PSE.DE Sharpe Ratio Rank: 11.311
Concerning

8PSE.DE ranks above 11.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

8PSE.DE Sharpe Ratio Market Positioning

The chart shows 8PSE.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.61+
  • Median: 1.71 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco Physical Gold (EUR Hedged) ETC's Sharpe Ratio with other ETFs in the Gold, Precious Metals category across multiple time periods, showing how 8PSE.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
WSLV.DEWisdomTree Core Physical Silver ETC2.02
8PSB.DEInvesco Physical Silver ETC1.89
SLVR.DEWisdomTree Silver1.85
M9SD.DEMarket Access NYSE Arca Gold Bugs UCITS ETF1.65
CD91.DEAmundi NYSE Arca Gold Bugs UCITS ETF Dist1.60
VZLE.DEWisdomTree Physical Precious Metals1.50
G2X.DEVanEck Gold Miners UCITS ETF1.42
ETLX.DEL&G Gold Mining UCITS ETF1.33
G2XJ.DEVanEck Junior Gold Miners UCITS1.33
4GLD.DEXetra-Gold1.31
8PSE.DEInvesco Physical Gold (EUR Hedged) ETC0.16

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows 8PSE.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when 8PSE.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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