8PSE.DE vs. ^STOXX
8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) is Gold fund tracking the LBMA Gold Price PM (EUR Hedged), while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 5 years, 8PSE.DE returned 13.22%/yr vs 6.93%/yr for ^STOXX. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
8PSE.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSE.DE achieves a 86.04% return, which is significantly higher than ^STOXX's 10.81% return.
8PSE.DE
- 1D
- 1.13%
- 1M
- -1.90%
- 6M
- -18.44%
- YTD
- 86.04%
- 1Y
- 86.04%
- 3Y*
- 22.99%
- 5Y*
- 13.22%
- 10Y*
- —
- ALL TIME*
- 11.22%
^STOXX
- 1D
- 0.73%
- 1M
- 0.98%
- 6M
- 6.27%
- YTD
- 10.81%
- 1Y
- 21.33%
- 3Y*
- 12.67%
- 5Y*
- 6.93%
- 10Y*
- 6.76%
- ALL TIME*
- 4.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^STOXX STOXX Europe 600 Index | €126.26B | €111.89B | €122.29B |
| €631.73K | €496.52K | €492.24K |
8PSE.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 86.04% | 0.00% | 0.00% | 0.00% | 0.00% | -1.85% | 4.42% |
^STOXX STOXX Europe 600 Index | 10.81% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | 9.21% |
Correlation
The correlation between 8PSE.DE and ^STOXX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.14 |
Over the past year, 8PSE.DE and ^STOXX have become more correlated (0.39) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
8PSE.DE vs. ^STOXX — Risk / Return Rank
8PSE.DE
^STOXX
8PSE.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) and STOXX Europe 600 Index (^STOXX). 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.
| 8PSE.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.33 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.27 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.59 | 8.27 | -4.68 |
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Drawdowns
8PSE.DE vs. ^STOXX - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -47.85%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and ^STOXX.
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Drawdown Indicators
| 8PSE.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.85% | -60.54% | +12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -47.85% | -9.56% | -38.29% |
Max Drawdown (3Y)Largest decline over 3 years | -47.85% | -16.56% | -31.29% |
Max Drawdown (5Y)Largest decline over 5 years | -47.85% | -22.55% | -25.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -24.06% | 0.00% | -24.06% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -14.52% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.88% | 2.61% | +21.27% |
Volatility
8PSE.DE vs. ^STOXX - Volatility Comparison
Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a higher volatility of 6.93% compared to STOXX Europe 600 Index (^STOXX) at 2.92%. This indicates that 8PSE.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSE.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 2.92% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 10.38% | +9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 150.32% | 12.33% | +137.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.11% | 14.14% | +52.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.19% | 15.12% | +46.07% |
Frequently Asked Questions
8PSE.DE and ^STOXX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 8PSE.DE and ^STOXX
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