^STOXX vs. 8PSE.DE
^STOXX (STOXX Europe 600 Index) is an index, while 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) is Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Over the past 5 years, ^STOXX returned 6.72%/yr vs 15.46%/yr for 8PSE.DE. At a 0.15 correlation, their price movements are largely independent.
Performance
^STOXX vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ^STOXX achieves a 6.82% return, which is significantly higher than 8PSE.DE's 0.15% return.
^STOXX
- 1D
- 1.88%
- 1M
- 3.56%
- YTD
- 6.82%
- 6M
- 9.51%
- 1Y
- 16.20%
- 3Y*
- 10.98%
- 5Y*
- 6.72%
- 10Y*
- 7.05%
8PSE.DE
- 1D
- 0.72%
- 1M
- -4.73%
- YTD
- 0.15%
- 6M
- 2.95%
- 1Y
- 26.72%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
^STOXX vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
^STOXX STOXX Europe 600 Index | 6.82% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | 8.94% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -2.18% | -5.81% | 2.14% |
Correlation
The correlation between ^STOXX and 8PSE.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.15 |
The correlation between ^STOXX and 8PSE.DE shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
^STOXX vs. 8PSE.DE — Risk / Return Rank
^STOXX
8PSE.DE
^STOXX vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^STOXX | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.60 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.56 | +1.05 |
| Martin ratioReturn relative to average drawdown | 5.82 | 2.31 | +3.50 |
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Drawdowns
^STOXX vs. 8PSE.DE - Drawdown Comparison
The maximum ^STOXX drawdown since its inception was -60.54%, which is greater than 8PSE.DE's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for ^STOXX and 8PSE.DE.
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Drawdown Indicators
| ^STOXX | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.54% | -50.81% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -50.81% | +41.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -50.81% | +34.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -50.81% | +28.26% |
Max Drawdown (10Y)Largest decline over 10 years | -35.55% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -16.31% | +16.21% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -10.13% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 12.27% | -9.59% |
Volatility
^STOXX vs. 8PSE.DE - Volatility Comparison
The current volatility for STOXX Europe 600 Index (^STOXX) is 3.17%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 5.95%. This indicates that ^STOXX experiences smaller price fluctuations and is considered to be less risky than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^STOXX | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 5.95% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 71.01% | -60.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 181.73% | -169.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 87.63% | -73.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 81.03% | -65.53% |
Frequently Asked Questions
^STOXX and 8PSE.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ^STOXX and 8PSE.DE
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