8PSB.DE vs. VZLE.DE
8PSB.DE (Invesco Physical Silver ETC) and VZLE.DE (WisdomTree Physical Precious Metals) are both exchange-traded funds - 8PSB.DE is a Silver fund tracking the LBMA Silver Price, while VZLE.DE is a Precious Metals fund tracking the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. Both are passively managed. Over the past 3 years, 8PSB.DE returned 42.18%/yr vs 21.82%/yr for VZLE.DE. A 0.69 correlation means they provide meaningful diversification when combined. 8PSB.DE charges 0.19%/yr vs 0.44%/yr for VZLE.DE.
Performance
8PSB.DE vs. VZLE.DE - Performance Comparison
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Different Trading Currencies
8PSB.DE is traded in EUR, while VZLE.DE is traded in USD. To make them comparable, the VZLE.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 8PSB.DE achieves a -2.37% return, which is significantly lower than VZLE.DE's -1.12% return.
8PSB.DE
- 1D
- 0.37%
- 1M
- 1.00%
- YTD
- -2.37%
- 6M
- 29.53%
- 1Y
- 110.49%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
VZLE.DE
- 1D
- -0.44%
- 1M
- -1.27%
- YTD
- -1.12%
- 6M
- 10.90%
- 1Y
- 45.87%
- 3Y*
- 21.82%
- 5Y*
- 13.65%
- 10Y*
- 12.20%
8PSB.DE vs. VZLE.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% |
VZLE.DE WisdomTree Physical Precious Metals | -1.12% | 50.99% | 30.82% | -9.42% | 10.88% | -0.58% |
Correlation
The correlation between 8PSB.DE and VZLE.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.69 |
The correlation between 8PSB.DE and VZLE.DE shifts across timeframes, from 0.69 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSB.DE vs. VZLE.DE — Risk / Return Rank
8PSB.DE
VZLE.DE
8PSB.DE vs. VZLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and WisdomTree Physical Precious Metals (VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.02 | +0.82 |
| Martin ratioReturn relative to average drawdown | 6.09 | 4.73 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 8PSB.DE | VZLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.42 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.46 | +0.22 |
Drawdowns
8PSB.DE vs. VZLE.DE - Drawdown Comparison
The maximum 8PSB.DE drawdown since its inception was -38.62%, roughly equal to the maximum VZLE.DE drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and VZLE.DE.
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Drawdown Indicators
| 8PSB.DE | VZLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -39.29% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -22.56% | -16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -38.62% | -22.56% | -16.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.94% | — |
Current DrawdownCurrent decline from peak | -33.51% | -20.66% | -12.85% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -13.88% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 9.66% | +8.41% |
Volatility
8PSB.DE vs. VZLE.DE - Volatility Comparison
Invesco Physical Silver ETC (8PSB.DE) has a higher volatility of 16.36% compared to WisdomTree Physical Precious Metals (VZLE.DE) at 6.89%. This indicates that 8PSB.DE's price experiences larger fluctuations and is considered to be riskier than VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.36% | 6.89% | +9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 51.95% | 28.75% | +23.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.17% | 32.12% | +26.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.63% | 23.25% | +11.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.63% | 20.78% | +13.85% |
8PSB.DE vs. VZLE.DE - Expense Ratio Comparison
8PSB.DE has a 0.19% expense ratio, which is lower than VZLE.DE's 0.44% expense ratio.
Dividends
8PSB.DE vs. VZLE.DE - Dividend Comparison
Neither 8PSB.DE nor VZLE.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSB.DE and VZLE.DE have a correlation of 0.83, 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 0.44% for VZLE.DE.
8PSB.DE is categorized as Silver, while VZLE.DE is Precious Metals. 8PSB.DE tracks LBMA Silver Price, while VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for 8PSB.DE and 0.44% for VZLE.DE.
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