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Invesco Physical Gold ETC (8PSG.DE) Sharpe Ratio: 0.71

ETF · Currency in EUR · Last updated Jun 26, 2026

The Invesco Physical Gold ETC (8PSG) provides exposure to the spot price of gold, as measured by the LBMA Gold Price PM. The ETC is fully backed by physical gold bars held in secured London vaults by JPMorgan Chase Bank. It has a total expense ratio of 0.12%, was launched on June 25, 2009, is domiciled in Ireland, and is issued by Invesco Physical Markets plc.

8PSG.DE's Sharpe Ratio of 0.71 indicates that for each unit of volatility, it generates 0.71 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 26, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

8PSG.DE Sharpe Ratio Rank

8PSG.DE Sharpe Ratio Rank: 21.822
Below Average

8PSG.DE ranks above 21.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

8PSG.DE Sharpe Ratio Market Positioning

The chart shows 8PSG.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 2.12
  • Green zone (top 25%): 2.12 or higher
  • Top 1%: 6.91+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco Physical Gold ETC's Sharpe Ratio with other ETFs in the Gold, Precious Metals category across multiple time periods, showing how 8PSG.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 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AGMIThemes Silver Miners ETF1.56
SLVPiShares MSCI Global Silver and Metals Miners ETF1.42
XSLR.DEXtrackers IE Physical Silver ETC Securities1.39
SILJAmplify Junior Silver Miners ETF1.38
SILG.LGlobal X Silver Miners UCITS ETF USD Accumulating1.37
GOLB.LMarket Access NYSE Arca Gold Bugs UCITS ETF1.33
SGDJSprott Junior Gold Miners ETF1.33
SLVR.DEWisdomTree Silver1.32
HGGG.TOHarvest Global Gold Giants Index ETF1.32
WGLD.DEWisdomTree Core Physical Gold1.30
8PSG.DEInvesco Physical Gold ETC0.71

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows 8PSG.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 8PSG.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does 8PSG.DE fit in your portfolio?

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