8PSB.DE vs. 8PSG.DE
8PSB.DE (Invesco Physical Silver ETC) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - 8PSB.DE is a Silver fund tracking the LBMA Silver Price, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, 8PSB.DE returned 11.06%/yr vs 11.21%/yr for 8PSG.DE. At a 0.37 correlation, their price movements are largely independent. 8PSB.DE charges 0.19%/yr vs 0.12%/yr for 8PSG.DE.
Performance
8PSB.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSB.DE achieves a -20.12% return, which is significantly lower than 8PSG.DE's -5.74% return. Both investments have delivered pretty close results over the past 10 years, with 8PSB.DE having a 11.06% annualized return and 8PSG.DE not far ahead at 11.21%.
8PSB.DE
- 1D
- 0.00%
- 1M
- -20.61%
- YTD
- -20.12%
- 6M
- -12.91%
- 1Y
- 67.59%
- 3Y*
- 31.35%
- 5Y*
- 14.52%
- 10Y*
- 11.06%
8PSG.DE
- 1D
- 0.00%
- 1M
- -8.94%
- YTD
- -5.74%
- 6M
- -6.86%
- 1Y
- 23.34%
- 3Y*
- 26.68%
- 5Y*
- 18.68%
- 10Y*
- 11.21%
8PSB.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
8PSB.DE Invesco Physical Silver ETC | -20.12% | 130.25% | 18.21% | -0.84% | 4.98% | -13.65% | 47.00% | 16.08% | -9.66% | 3.44% |
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
Correlation
The correlation between 8PSB.DE and 8PSG.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.37 |
Over the past year, 8PSB.DE and 8PSG.DE have become more correlated (0.76) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
8PSB.DE vs. 8PSG.DE — Risk / Return Rank
8PSB.DE
8PSG.DE
8PSB.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and Invesco Physical Gold ETC (8PSG.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.
| 8PSB.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.06 | +0.42 |
| Martin ratioReturn relative to average drawdown | 3.30 | 2.46 | +0.84 |
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Drawdowns
8PSB.DE vs. 8PSG.DE - Drawdown Comparison
The maximum 8PSB.DE drawdown since its inception was -76.19%, which is greater than 8PSG.DE's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and 8PSG.DE.
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Drawdown Indicators
| 8PSB.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.19% | -54.21% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -45.60% | -22.00% | -23.60% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -22.00% | -23.60% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | -22.00% | -23.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | -22.00% | -23.60% |
Current DrawdownCurrent decline from peak | -45.60% | -22.00% | -23.60% |
Average DrawdownAverage peak-to-trough decline | -53.66% | -23.97% | -29.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.48% | 9.48% | +11.00% |
Volatility
8PSB.DE vs. 8PSG.DE - Volatility Comparison
Invesco Physical Silver ETC (8PSB.DE) has a higher volatility of 14.13% compared to Invesco Physical Gold ETC (8PSG.DE) at 7.99%. This indicates that 8PSB.DE's price experiences larger fluctuations and is considered to be riskier than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSB.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 7.99% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 52.99% | 21.34% | +31.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.75% | 33.08% | +26.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.94% | 18.49% | +17.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 21.84% | +10.26% |
8PSB.DE vs. 8PSG.DE - Expense Ratio Comparison
8PSB.DE has a 0.19% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
8PSB.DE vs. 8PSG.DE - Dividend Comparison
Neither 8PSB.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSB.DE and 8PSG.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for 8PSB.DE.
8PSB.DE is categorized as Silver, while 8PSG.DE is Gold. 8PSB.DE tracks LBMA Silver Price, while 8PSG.DE tracks LBMA Gold Price PM. Their fees differ too: 0.19% for 8PSB.DE and 0.12% for 8PSG.DE.
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