8PSB.DE vs. BATE.DE
8PSB.DE (Invesco Physical Silver ETC) and BATE.DE (Legal & General Battery Value-Chain UCITS ETF) are both exchange-traded funds - 8PSB.DE is a Silver fund tracking the LBMA Silver Price, while BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 5 years, 8PSB.DE returned 14.52%/yr vs 14.60%/yr for BATE.DE. At a 0.21 correlation, their price movements are largely independent. 8PSB.DE charges 0.19%/yr vs 0.49%/yr for BATE.DE.
Performance
8PSB.DE vs. BATE.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 BATE.DE's 20.81% return.
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%
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
8PSB.DE vs. BATE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
8PSB.DE Invesco Physical Silver ETC | -20.12% | 130.25% | 18.21% | -0.84% | 4.98% | -13.65% | 47.00% | 16.08% | -9.30% |
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
Correlation
The correlation between 8PSB.DE and BATE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.21 |
Over the past year, 8PSB.DE and BATE.DE have become more correlated (0.47) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
8PSB.DE vs. BATE.DE — Risk / Return Rank
8PSB.DE
BATE.DE
8PSB.DE vs. BATE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and Legal & General Battery Value-Chain UCITS ETF (BATE.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 | BATE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 6.67 | -5.19 |
| Martin ratioReturn relative to average drawdown | 3.30 | 22.65 | -19.35 |
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Drawdowns
8PSB.DE vs. BATE.DE - Drawdown Comparison
The maximum 8PSB.DE drawdown since its inception was -76.19%, which is greater than BATE.DE's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and BATE.DE.
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Drawdown Indicators
| 8PSB.DE | BATE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.19% | -36.43% | -39.76% |
Max Drawdown (1Y)Largest decline over 1 year | -45.60% | -15.12% | -30.48% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -34.05% | -11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | -34.05% | -11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | — | — |
Current DrawdownCurrent decline from peak | -45.60% | -13.66% | -31.94% |
Average DrawdownAverage peak-to-trough decline | -53.66% | -8.26% | -45.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.48% | 4.46% | +16.02% |
Volatility
8PSB.DE vs. BATE.DE - Volatility Comparison
Invesco Physical Silver ETC (8PSB.DE) has a higher volatility of 14.13% compared to Legal & General Battery Value-Chain UCITS ETF (BATE.DE) at 10.20%. This indicates that 8PSB.DE's price experiences larger fluctuations and is considered to be riskier than BATE.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 | BATE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 10.20% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 52.99% | 24.43% | +28.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.75% | 30.65% | +29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.94% | 23.62% | +12.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 23.57% | +8.53% |
8PSB.DE vs. BATE.DE - Expense Ratio Comparison
8PSB.DE has a 0.19% expense ratio, which is lower than BATE.DE's 0.49% expense ratio.
Dividends
8PSB.DE vs. BATE.DE - Dividend Comparison
Neither 8PSB.DE nor BATE.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSB.DE and BATE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.49% for BATE.DE.
8PSB.DE is categorized as Silver, while BATE.DE is Lithium & Battery Metals. 8PSB.DE tracks LBMA Silver Price, while BATE.DE tracks Solactive Battery Value-Chain Index. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.19% for 8PSB.DE and 0.49% for BATE.DE.
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