8PSE.DE vs. 6PSE.DE
8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged), while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, 8PSE.DE returned 28.08%/yr vs 19.18%/yr for 6PSE.DE. At a correlation of -0.01, they often move in opposite directions. 8PSE.DE charges 0.34%/yr vs 0.05%/yr for 6PSE.DE.
Performance
8PSE.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSE.DE achieves a 0.15% return, which is significantly lower than 6PSE.DE's 11.33% return.
8PSE.DE
- 1D
- 0.72%
- 1M
- -2.51%
- YTD
- 0.15%
- 6M
- 4.45%
- 1Y
- 28.47%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
8PSE.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -6.61% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between 8PSE.DE and 6PSE.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | -0.01 |
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Return for Risk
8PSE.DE vs. 6PSE.DE — Risk / Return Rank
8PSE.DE
6PSE.DE
8PSE.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| 8PSE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.40 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.44 | -2.88 |
| Martin ratioReturn relative to average drawdown | 2.31 | 11.99 | -9.68 |
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
| 8PSE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 2.15 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.93 | -0.77 |
Drawdowns
8PSE.DE vs. 6PSE.DE - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -50.81%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and 6PSE.DE.
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Drawdown Indicators
| 8PSE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -23.70% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -50.81% | -7.31% | -43.50% |
Max Drawdown (3Y)Largest decline over 3 years | -50.81% | -23.70% | -27.11% |
Max Drawdown (5Y)Largest decline over 5 years | -50.81% | — | — |
Current DrawdownCurrent decline from peak | -16.31% | -0.41% | -15.90% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -4.83% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.27% | 2.10% | +10.17% |
Volatility
8PSE.DE vs. 6PSE.DE - Volatility Comparison
Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a higher volatility of 5.95% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that 8PSE.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE 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 | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 2.73% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 71.01% | 7.68% | +63.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.73% | 11.65% | +170.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.63% | 15.41% | +72.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.06% | 15.41% | +65.65% |
8PSE.DE vs. 6PSE.DE - Expense Ratio Comparison
8PSE.DE has a 0.34% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio.
Dividends
8PSE.DE vs. 6PSE.DE - Dividend Comparison
8PSE.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
8PSE.DE and 6PSE.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.34% for 8PSE.DE.
8PSE.DE is categorized as Gold, while 6PSE.DE is Large Cap Blend Equities. 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged), while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.34% for 8PSE.DE and 0.05% for 6PSE.DE.
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