8PSE.DE vs. ICLN
8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged), while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 5 years, 8PSE.DE returned 13.25%/yr vs -1.03%/yr for ICLN. At a 0.11 correlation, their price movements are largely independent. 8PSE.DE charges 0.34%/yr vs 0.39%/yr for ICLN.
Performance
8PSE.DE vs. ICLN - Performance Comparison
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Different Trading Currencies
8PSE.DE is traded in EUR, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 8PSE.DE achieves a 86.30% return, which is significantly higher than ICLN's 19.23% return.
8PSE.DE
- 1D
- 1.56%
- 1M
- -6.56%
- 6M
- -13.20%
- YTD
- 86.30%
- 1Y
- 86.30%
- 3Y*
- 23.05%
- 5Y*
- 13.25%
- 10Y*
- —
ICLN
- 1D
- -0.42%
- 1M
- -8.34%
- 6M
- 11.87%
- YTD
- 19.23%
- 1Y
- 44.41%
- 3Y*
- 1.61%
- 5Y*
- -1.03%
- 10Y*
- 9.16%
8PSE.DE vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 86.30% | 0.00% | 0.00% | 0.00% | 0.00% | -1.85% | 4.42% |
ICLN iShares Global Clean Energy ETF | 19.23% | 29.60% | -20.81% | -22.79% | 0.43% | -18.51% | 90.84% |
Correlation
The correlation between 8PSE.DE and ICLN is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.11 |
The correlation between 8PSE.DE and ICLN shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSE.DE vs. ICLN — Risk / Return Rank
8PSE.DE
ICLN
8PSE.DE vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) and iShares Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.26 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.27 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.72 | 7.27 | -3.55 |
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Drawdowns
8PSE.DE vs. ICLN - Drawdown Comparison
The maximum 8PSE.DE drawdown since its inception was -47.85%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and ICLN.
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Drawdown Indicators
| 8PSE.DE | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.85% | -84.40% | +36.55% |
Max Drawdown (1Y)Largest decline over 1 year | -47.85% | -19.67% | -28.18% |
Max Drawdown (3Y)Largest decline over 3 years | -47.85% | -41.72% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -47.85% | -57.06% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.76% | — |
Current DrawdownCurrent decline from peak | -23.96% | -34.37% | +10.41% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -57.86% | +47.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.12% | 6.13% | +16.99% |
Volatility
8PSE.DE vs. ICLN - Volatility Comparison
The current volatility for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) is 7.46%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 10.85%. This indicates that 8PSE.DE experiences smaller price fluctuations and is considered to be less risky than ICLN 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 | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 10.85% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.87% | 23.26% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 150.23% | 28.42% | +121.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 26.32% | +40.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.45% | 26.68% | +34.77% |
8PSE.DE vs. ICLN - Expense Ratio Comparison
8PSE.DE has a 0.34% expense ratio, which is lower than ICLN's 0.39% expense ratio.
Dividends
8PSE.DE vs. ICLN - Dividend Comparison
8PSE.DE has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 0.97% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Frequently Asked Questions
8PSE.DE and ICLN have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.39% for ICLN.
8PSE.DE is categorized as Gold, while ICLN is Alternative Energy Equities. 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged), while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.34% for 8PSE.DE and 0.39% for ICLN.
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