8PSE.DE vs. XGDU.DE

Last updated Aug 6, 2026

8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) and XGDU.DE (Xtrackers IE Physical Gold ETC Securities) are both Gold funds - 8PSE.DE tracks the LBMA Gold Price PM (EUR Hedged) while XGDU.DE tracks the Gold. Both are passively managed. Over the past 5 years, 8PSE.DE returned 13.22%/yr vs 19.61%/yr for XGDU.DE. Their 0.38 correlation means their historical movements had little consistent relationship. 8PSE.DE charges 0.34%/yr vs 0.11%/yr for XGDU.DE.

Performance

8PSE.DE vs. XGDU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) and Xtrackers IE Physical Gold ETC Securities (XGDU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 8PSE.DE achieves a 86.04% return, which is significantly higher than XGDU.DE's -1.60% return.

8PSE.DE

• 1D: 1.13%
• 1M: -1.90%
• 6M: -18.44%
• YTD: 86.04%
• 1Y: 86.04%
• 3Y*: 22.99%
• 5Y*: 13.22%
• 10Y*: —
• ALL TIME*: 11.22%

XGDU.DE

• 1D: 4.11%
• 1M: 1.43%
• 6M: -11.71%
• YTD: -1.60%
• 1Y: 26.06%
• 3Y*: 27.85%
• 5Y*: 19.61%
• 10Y*: —
• ALL TIME*: 12.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC	€631.73K	€496.52K	€492.24K
XGDU.DE Xtrackers IE Physical Gold ETC Securities	€1.95M	€1.83M	€2.35M

8PSE.DE vs. XGDU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC	86.04%	0.00%	0.00%	0.00%	0.00%	-1.85%	4.42%
XGDU.DE Xtrackers IE Physical Gold ETC Securities	-1.60%	49.09%	34.21%	9.43%	6.99%	3.80%	-5.28%

Correlation

The correlation between 8PSE.DE and XGDU.DE is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020	0.38

Over the past year, 8PSE.DE and XGDU.DE have become more correlated (0.80) than their long-term average of 0.38, meaning their price movements have been converging.

Return for Risk

8PSE.DE vs. XGDU.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

8PSE.DE

8PSE.DE Risk / Return Rank: 55
8PSE.DE Sharpe Ratio Rank: 22
8PSE.DE Sortino Ratio Rank: 77
8PSE.DE Omega Ratio Rank: 98
8PSE.DE Calmar Ratio Rank: 44
8PSE.DE Martin Ratio Rank: 33

XGDU.DE

XGDU.DE Risk / Return Rank: 30
XGDU.DE Sharpe Ratio Rank: 29
XGDU.DE Sortino Ratio Rank: 28
XGDU.DE Omega Ratio Rank: 37
XGDU.DE Calmar Ratio Rank: 31
XGDU.DE Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

8PSE.DE vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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.

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	XGDU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.78	-0.21
Sortino ratio: Return per unit of downside risk	2.81	1.20	+1.61
Omega ratio: Gain probability vs. loss probability	1.89	1.20	+0.69
Calmar ratio: Return relative to maximum drawdown	1.79	1.15	+0.64
Martin ratio: Return relative to average drawdown	3.59	2.18	+1.41

8PSE.DE vs. XGDU.DE - Sharpe Ratio Comparison

The current 8PSE.DE Sharpe Ratio is 0.57, which is comparable to the XGDU.DE Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of 8PSE.DE and XGDU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

8PSE.DE vs. XGDU.DE - Drawdown Comparison

The maximum 8PSE.DE drawdown since its inception was -47.85%, which is greater than XGDU.DE's maximum drawdown of -22.57%. Use the drawdown chart below to compare losses from any high point for 8PSE.DE and XGDU.DE.

Drawdown Indicators

	8PSE.DE	XGDU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-47.85%	-22.57%	-25.28%
Max Drawdown (1Y) Largest decline over 1 year	-47.85%	-22.57%	-25.28%
Max Drawdown (3Y) Largest decline over 3 years	-47.85%	-22.57%	-25.28%
Max Drawdown (5Y) Largest decline over 5 years	-47.85%	-22.57%	-25.28%
Current Drawdown Current decline from peak	-24.06%	-18.60%	-5.46%
Average Drawdown Average peak-to-trough decline	-10.11%	-7.09%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.88%	11.92%	+11.96%

Volatility

8PSE.DE vs. XGDU.DE - Volatility Comparison

The current volatility for Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) is 6.93%, while Xtrackers IE Physical Gold ETC Securities (XGDU.DE) has a volatility of 7.30%. This indicates that 8PSE.DE experiences smaller price fluctuations and is considered to be less risky than XGDU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	8PSE.DE	XGDU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	7.30%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	19.96%	18.60%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	150.32%	33.22%	+117.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.11%	19.24%	+47.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.19%	18.84%	+42.35%

8PSE.DE vs. XGDU.DE - Expense Ratio Comparison

8PSE.DE has a 0.34% expense ratio, which is higher than XGDU.DE's 0.11% expense ratio.

Dividends

8PSE.DE vs. XGDU.DE - Dividend Comparison

Neither 8PSE.DE nor XGDU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 8PSE.DE and XGDU.DE in my portfolio?

8PSE.DE and XGDU.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 8PSE.DE or XGDU.DE?

On fees, XGDU.DE is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 8PSE.DE or XGDU.DE?

XGDU.DE is cheaper with a 0.11% expense ratio, compared with 0.34% for 8PSE.DE.

What is the main difference between 8PSE.DE and XGDU.DE?

8PSE.DE tracks LBMA Gold Price PM (EUR Hedged), while XGDU.DE tracks Gold. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.34% for 8PSE.DE and 0.11% for XGDU.DE.