8PSE.DE vs. ETLX.DE
Compare and contrast key facts about Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) and L&G Gold Mining UCITS ETF (ETLX.DE).
8PSE.DE and ETLX.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 8PSE.DE is a passively managed fund by Invesco that tracks the performance of the Gold (EUR Hedged). It was launched on Jul 9, 2020. ETLX.DE is a passively managed fund by Legal & General that tracks the performance of the DAXglobal® Gold Miners. It was launched on Sep 11, 2008. Both 8PSE.DE and ETLX.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
8PSE.DE vs. ETLX.DE - Performance Comparison
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8PSE.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 7.62% | 62.78% | 24.11% | 10.00% | -2.18% | -5.81% | 2.14% |
ETLX.DE L&G Gold Mining UCITS ETF | 10.94% | 152.55% | 27.41% | 11.05% | -7.10% | -3.32% | -12.95% |
Returns By Period
In the year-to-date period, 8PSE.DE achieves a 7.62% return, which is significantly lower than ETLX.DE's 10.94% return.
8PSE.DE
- 1D
- 3.51%
- 1M
- -9.91%
- YTD
- 7.62%
- 6M
- 21.80%
- 1Y
- 47.72%
- 3Y*
- 30.44%
- 5Y*
- 19.22%
- 10Y*
- —
ETLX.DE
- 1D
- 7.67%
- 1M
- -8.83%
- YTD
- 10.94%
- 6M
- 33.88%
- 1Y
- 105.86%
- 3Y*
- 52.43%
- 5Y*
- 29.10%
- 10Y*
- 19.58%
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8PSE.DE vs. ETLX.DE - Expense Ratio Comparison
8PSE.DE has a 0.34% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Return for Risk
8PSE.DE vs. ETLX.DE — Risk / Return Rank
8PSE.DE
ETLX.DE
8PSE.DE vs. ETLX.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 L&G Gold Mining UCITS ETF (ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 2.24 | -1.98 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.54 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.65 | 1.35 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 3.66 | -2.73 |
Martin ratioReturn relative to average drawdown | 4.29 | 12.59 | -8.30 |
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 | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.24 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.81 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.25 | -0.07 |
Correlation
The correlation between 8PSE.DE and ETLX.DE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
8PSE.DE vs. ETLX.DE - Dividend Comparison
Neither 8PSE.DE nor ETLX.DE has paid dividends to shareholders.
Drawdowns
8PSE.DE vs. ETLX.DE - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -50.81%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and ETLX.DE.
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Drawdown Indicators
| 8PSE.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -73.44% | +22.63% |
Max Drawdown (1Y)Largest decline over 1 year | -50.81% | -28.89% | -21.92% |
Max Drawdown (5Y)Largest decline over 5 years | -50.81% | -42.03% | -8.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.05% | — |
Current DrawdownCurrent decline from peak | -10.07% | -14.50% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -34.84% | +24.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.12% | 8.41% | +2.71% |
Volatility
8PSE.DE vs. ETLX.DE - Volatility Comparison
The current volatility for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) is 11.66%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 18.11%. This indicates that 8PSE.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.66% | 18.11% | -6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 160.20% | 38.49% | +121.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.82% | 45.99% | +135.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.57% | 35.47% | +52.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.17% | 33.83% | +48.34% |