8PSE.DE vs. FWEA.DE
8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged), while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, 8PSE.DE returned 29.12% vs 25.98% for FWEA.DE. At a 0.19 correlation, their price movements are largely independent. 8PSE.DE charges 0.34%/yr vs 0.20%/yr for FWEA.DE.
Performance
8PSE.DE vs. FWEA.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 FWEA.DE's 10.64% return.
8PSE.DE
- 1D
- 0.72%
- 1M
- -4.91%
- YTD
- 0.15%
- 6M
- 4.44%
- 1Y
- 29.12%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
8PSE.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 5.61% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between 8PSE.DE and FWEA.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.19 |
The correlation between 8PSE.DE and FWEA.DE shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSE.DE vs. FWEA.DE — Risk / Return Rank
8PSE.DE
FWEA.DE
8PSE.DE vs. FWEA.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 FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.18 | -2.62 |
| Martin ratioReturn relative to average drawdown | 2.31 | 13.52 | -11.21 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 2.30 | -2.14 |
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 | 1.51 | -1.35 |
Drawdowns
8PSE.DE vs. FWEA.DE - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -50.81%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and FWEA.DE.
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Drawdown Indicators
| 8PSE.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -17.48% | -33.33% |
Max Drawdown (1Y)Largest decline over 1 year | -50.81% | -8.28% | -42.53% |
Max Drawdown (3Y)Largest decline over 3 years | -50.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.81% | — | — |
Current DrawdownCurrent decline from peak | -16.31% | -0.81% | -15.50% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -1.86% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.27% | 1.95% | +10.32% |
Volatility
8PSE.DE vs. FWEA.DE - Volatility Comparison
Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a higher volatility of 5.95% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that 8PSE.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 3.36% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 71.01% | 8.93% | +62.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.73% | 11.45% | +170.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.63% | 12.72% | +74.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.06% | 12.72% | +68.34% |
8PSE.DE vs. FWEA.DE - Expense Ratio Comparison
8PSE.DE has a 0.34% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
8PSE.DE vs. FWEA.DE - Dividend Comparison
Neither 8PSE.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSE.DE and FWEA.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.34% for 8PSE.DE.
8PSE.DE is categorized as Gold, while FWEA.DE is Global Equities. 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged), while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.34% for 8PSE.DE and 0.20% for FWEA.DE.
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