8PSE.DE vs. FWIA.DE
8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged), while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, 8PSE.DE returned 28.47% vs 26.39% for FWIA.DE. At a 0.08 correlation, their price movements are largely independent. 8PSE.DE charges 0.34%/yr vs 0.15%/yr for FWIA.DE.
Performance
8PSE.DE vs. FWIA.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 FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
8PSE.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 6.61% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between 8PSE.DE and FWIA.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.08 |
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Return for Risk
8PSE.DE vs. FWIA.DE — Risk / Return Rank
8PSE.DE
FWIA.DE
8PSE.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.44 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.08 | -3.52 |
| Martin ratioReturn relative to average drawdown | 2.31 | 16.52 | -14.21 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 2.36 | -2.20 |
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 | 1.40 | -1.24 |
Drawdowns
8PSE.DE vs. FWIA.DE - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -50.81%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and FWIA.DE.
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Drawdown Indicators
| 8PSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -20.96% | -29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -50.81% | -6.49% | -44.32% |
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% | -0.62% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -2.44% | -7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.27% | 1.60% | +10.67% |
Volatility
8PSE.DE vs. FWIA.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 Acc (FWIA.DE) at 2.96%. This indicates that 8PSE.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 2.96% | +2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 71.01% | 8.09% | +62.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.73% | 11.22% | +170.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.63% | 13.18% | +74.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.06% | 13.18% | +67.88% |
8PSE.DE vs. FWIA.DE - Expense Ratio Comparison
8PSE.DE has a 0.34% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
8PSE.DE vs. FWIA.DE - Dividend Comparison
Neither 8PSE.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSE.DE and FWIA.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.34% for 8PSE.DE.
8PSE.DE is categorized as Gold, while FWIA.DE is Global Equities. 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged), while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.34% for 8PSE.DE and 0.15% for FWIA.DE.
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