8PSB.DE vs. SPYU.DE
8PSB.DE (Invesco Physical Silver ETC) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - 8PSB.DE is a Silver fund tracking the LBMA Silver Price, while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. Both are passively managed. Over the past 10 years, 8PSB.DE returned 11.06%/yr vs 11.94%/yr for SPYU.DE. At a 0.09 correlation, their price movements are largely independent. 8PSB.DE charges 0.19%/yr vs 0.18%/yr for SPYU.DE.
Performance
8PSB.DE vs. SPYU.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 SPYU.DE's 17.45% return. Over the past 10 years, 8PSB.DE has underperformed SPYU.DE with an annualized return of 11.06%, while SPYU.DE has yielded a comparatively higher 11.94% annualized 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%
SPYU.DE
- 1D
- 1.76%
- 1M
- 0.96%
- YTD
- 17.45%
- 6M
- 18.51%
- 1Y
- 29.73%
- 3Y*
- 18.17%
- 5Y*
- 12.74%
- 10Y*
- 11.94%
8PSB.DE vs. SPYU.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% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 17.45% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
Correlation
The correlation between 8PSB.DE and SPYU.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.09 |
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Return for Risk
8PSB.DE vs. SPYU.DE — Risk / Return Rank
8PSB.DE
SPYU.DE
8PSB.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.99 | -2.50 |
| Martin ratioReturn relative to average drawdown | 3.30 | 10.69 | -7.39 |
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Drawdowns
8PSB.DE vs. SPYU.DE - Drawdown Comparison
The maximum 8PSB.DE drawdown since its inception was -76.19%, which is greater than SPYU.DE's maximum drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and SPYU.DE.
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Drawdown Indicators
| 8PSB.DE | SPYU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.19% | -32.98% | -43.21% |
Max Drawdown (1Y)Largest decline over 1 year | -45.60% | -7.43% | -38.17% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -13.44% | -32.16% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | -22.28% | -23.32% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | -32.98% | -12.62% |
Current DrawdownCurrent decline from peak | -45.60% | -1.55% | -44.05% |
Average DrawdownAverage peak-to-trough decline | -53.66% | -7.00% | -46.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.48% | 2.77% | +17.71% |
Volatility
8PSB.DE vs. SPYU.DE - Volatility Comparison
Invesco Physical Silver ETC (8PSB.DE) has a higher volatility of 14.13% compared to SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) at 3.15%. This indicates that 8PSB.DE's price experiences larger fluctuations and is considered to be riskier than SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 3.15% | +10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 52.99% | 13.08% | +39.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.75% | 15.03% | +44.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.94% | 16.00% | +19.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 16.94% | +15.16% |
8PSB.DE vs. SPYU.DE - Expense Ratio Comparison
8PSB.DE has a 0.19% expense ratio, which is higher than SPYU.DE's 0.18% 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. SPYU.DE - Dividend Comparison
Neither 8PSB.DE nor SPYU.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSB.DE and SPYU.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for 8PSB.DE.
8PSB.DE is categorized as Silver, while SPYU.DE is Utilities Equities. 8PSB.DE tracks LBMA Silver Price, while SPYU.DE tracks MSCI Europe Utilities 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for 8PSB.DE and 0.18% for SPYU.DE.
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