8PSB.DE vs. P500.DE

Last updated Jun 5, 2026

8PSB.DE (Invesco Physical Silver ETC) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - 8PSB.DE is a Silver fund tracking the LBMA Silver Price, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, 8PSB.DE returned 42.18%/yr vs 19.07%/yr for P500.DE. At a 0.14 correlation, their price movements are largely independent. 8PSB.DE charges 0.19%/yr vs 0.05%/yr for P500.DE.

Performance

8PSB.DE vs. P500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Physical Silver ETC (8PSB.DE) and Invesco S&P 500 UCITS ETF (P500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 8PSB.DE achieves a -2.37% return, which is significantly lower than P500.DE's 11.47% return.

8PSB.DE

• 1D: 0.37%
• 1M: 1.00%
• YTD: -2.37%
• 6M: 29.53%
• 1Y: 110.49%
• 3Y*: 42.18%
• 5Y*: —
• 10Y*: —

P500.DE

• 1D: -0.10%
• 1M: 5.26%
• YTD: 11.47%
• 6M: 11.50%
• 1Y: 25.80%
• 3Y*: 19.07%
• 5Y*: 14.99%
• 10Y*: 15.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

8PSB.DE vs. P500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
8PSB.DE Invesco Physical Silver ETC	-2.37%	130.25%	30.85%	-4.18%	10.64%	-7.65%
P500.DE Invesco S&P 500 UCITS ETF	11.47%	4.88%	32.56%	22.69%	-14.05%	19.28%

Correlation

The correlation between 8PSB.DE and P500.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021	0.14

Return for Risk

8PSB.DE vs. P500.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

8PSB.DE

8PSB.DE Risk / Return Rank: 52
8PSB.DE Sharpe Ratio Rank: 56
8PSB.DE Sortino Ratio Rank: 46
8PSB.DE Omega Ratio Rank: 59
8PSB.DE Calmar Ratio Rank: 58
8PSB.DE Martin Ratio Rank: 39

P500.DE

P500.DE Risk / Return Rank: 70
P500.DE Sharpe Ratio Rank: 69
P500.DE Sortino Ratio Rank: 67
P500.DE Omega Ratio Rank: 71
P500.DE Calmar Ratio Rank: 73
P500.DE Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

8PSB.DE vs. P500.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and Invesco S&P 500 UCITS ETF (P500.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.

	8PSB.DE	P500.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.23	-0.34
Sortino ratio: Return per unit of downside risk	2.23	3.03	-0.81
Omega ratio: Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.85	3.62	-0.77
Martin ratio: Return relative to average drawdown	6.09	12.91	-6.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

8PSB.DE vs. P500.DE - Sharpe Ratio Comparison

The current 8PSB.DE Sharpe Ratio is 1.89, which is comparable to the P500.DE Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of 8PSB.DE and P500.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	8PSB.DE	P500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.23	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.01	-0.33

Drawdowns

8PSB.DE vs. P500.DE - Drawdown Comparison

The maximum 8PSB.DE drawdown since its inception was -38.62%, which is greater than P500.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and P500.DE.

Drawdown Indicators

	8PSB.DE	P500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.62%	-33.78%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-38.62%	-7.11%	-31.51%
Max Drawdown (3Y) Largest decline over 3 years	-38.62%	-23.34%	-15.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-33.51%	-0.40%	-33.11%
Average Drawdown Average peak-to-trough decline	-11.18%	-3.85%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.07%	1.99%	+16.08%

Volatility

8PSB.DE vs. P500.DE - Volatility Comparison

Invesco Physical Silver ETC (8PSB.DE) has a higher volatility of 16.36% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that 8PSB.DE's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	8PSB.DE	P500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.36%	2.65%	+13.71%
Volatility (6M) Calculated over the trailing 6-month period	51.95%	7.59%	+44.36%
Volatility (1Y) Calculated over the trailing 1-year period	58.17%	11.52%	+46.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.63%	15.17%	+19.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.63%	16.07%	+18.56%

8PSB.DE vs. P500.DE - Expense Ratio Comparison

8PSB.DE has a 0.19% expense ratio, which is higher than P500.DE's 0.05% 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. P500.DE - Dividend Comparison

Neither 8PSB.DE nor P500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 8PSB.DE and P500.DE in my portfolio?

8PSB.DE and P500.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 8PSB.DE or P500.DE?

On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 8PSB.DE or P500.DE?

P500.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for 8PSB.DE.

What is the main difference between 8PSB.DE and P500.DE?

8PSB.DE is categorized as Silver, while P500.DE is S&P 500. 8PSB.DE tracks LBMA Silver Price, while P500.DE tracks S&P 500 Index. Their fees differ too: 0.19% for 8PSB.DE and 0.05% for P500.DE.