8PSG.DE vs. BGLD
8PSG.DE (Invesco Physical Gold ETC) and BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while BGLD is a Defined Outcome fund actively managed by FT Vest. 8PSG.DE is passively managed, while BGLD is actively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 12.05%/yr for BGLD. A 0.63 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.91%/yr for BGLD.
Performance
8PSG.DE vs. BGLD - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while BGLD is traded in USD. To make them comparable, the BGLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 8PSG.DE achieves a 2.72% return, which is significantly higher than BGLD's 0.65% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -3.62%
- YTD
- 2.72%
- 6M
- 6.15%
- 1Y
- 31.10%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
BGLD
- 1D
- -1.27%
- 1M
- -0.58%
- YTD
- 0.65%
- 6M
- 0.23%
- 1Y
- 10.59%
- 3Y*
- 15.67%
- 5Y*
- 12.05%
- 10Y*
- —
8PSG.DE vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 3.49% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 0.65% | 17.24% | 29.84% | 9.84% | 3.62% | 1.07% |
Correlation
The correlation between 8PSG.DE and BGLD is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.63 |
The correlation between 8PSG.DE and BGLD has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. BGLD — Risk / Return Rank
8PSG.DE
BGLD
8PSG.DE vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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.
| 8PSG.DE | BGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.03 | +0.78 |
| Martin ratioReturn relative to average drawdown | 4.60 | 3.05 | +1.55 |
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
| 8PSG.DE | BGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.93 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.18 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.10 | -0.06 |
Drawdowns
8PSG.DE vs. BGLD - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, which is greater than BGLD's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and BGLD.
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Drawdown Indicators
| 8PSG.DE | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -10.28% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -10.28% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -10.28% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -10.28% | -6.27% |
Current DrawdownCurrent decline from peak | -15.00% | -7.36% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -2.53% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.48% | +3.06% |
Volatility
8PSG.DE vs. BGLD - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) at 1.99%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSG.DE | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.99% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 9.76% | +10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 11.45% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 10.26% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 10.13% | +6.00% |
8PSG.DE vs. BGLD - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Dividends
8PSG.DE vs. BGLD - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while BGLD's dividend yield for the trailing twelve months is around 44.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 44.90% | 44.32% | 25.04% | 10.49% | 0.40% |
Frequently Asked Questions
8PSG.DE and BGLD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.91% for BGLD.
8PSG.DE is categorized as Gold, while BGLD is Defined Outcome. They also come from different issuers: Invesco and FT Vest. Their fees differ too: 0.12% for 8PSG.DE and 0.91% for BGLD.
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