8PSG.DE vs. CGL-C.TO
8PSG.DE (Invesco Physical Gold ETC) and CGL-C.TO (iShares Gold Bullion ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while CGL-C.TO is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 19.16%/yr for CGL-C.TO. Their correlation of 0.80 suggests significant overlap in exposure. 8PSG.DE charges 0.12%/yr vs 0.55%/yr for CGL-C.TO.
Performance
8PSG.DE vs. CGL-C.TO - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while CGL-C.TO is traded in CAD. To make them comparable, the CGL-C.TO 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 lower than CGL-C.TO's 4.79% 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*
- —
CGL-C.TO
- 1D
- 0.32%
- 1M
- -3.67%
- YTD
- 4.79%
- 6M
- 6.34%
- 1Y
- 30.49%
- 3Y*
- 27.41%
- 5Y*
- 19.16%
- 10Y*
- 12.73%
8PSG.DE vs. CGL-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 3.81% | 6.88% |
CGL-C.TO iShares Gold Bullion ETF | 4.79% | 43.66% | 34.91% | 9.26% | 5.14% | 3.02% | 8.39% |
Correlation
The correlation between 8PSG.DE and CGL-C.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.80 |
The correlation between 8PSG.DE and CGL-C.TO has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. CGL-C.TO — Risk / Return Rank
8PSG.DE
CGL-C.TO
8PSG.DE vs. CGL-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares Gold Bullion ETF (CGL-C.TO). 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 | CGL-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.71 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.08 | +0.52 |
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 | CGL-C.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.17 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.15 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.54 | +0.51 |
Drawdowns
8PSG.DE vs. CGL-C.TO - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum CGL-C.TO drawdown of -37.53%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and CGL-C.TO.
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Drawdown Indicators
| 8PSG.DE | CGL-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -37.53% | +19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -17.20% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -17.20% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -17.20% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.21% | — |
Current DrawdownCurrent decline from peak | -15.00% | -15.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -13.73% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 7.20% | -0.66% |
Volatility
8PSG.DE vs. CGL-C.TO - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to iShares Gold Bullion ETF (CGL-C.TO) at 4.71%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than CGL-C.TO 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 | CGL-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.71% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 21.59% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 25.20% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.83% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.26% | +0.87% |
8PSG.DE vs. CGL-C.TO - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than CGL-C.TO's 0.55% expense ratio.
Dividends
8PSG.DE vs. CGL-C.TO - Dividend Comparison
Neither 8PSG.DE nor CGL-C.TO has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and CGL-C.TO have a correlation of 0.81, 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 0.55% for CGL-C.TO.
8PSG.DE is categorized as Gold, while CGL-C.TO is Precious Metals. 8PSG.DE tracks LBMA Gold Price PM, while CGL-C.TO tracks Gold. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for 8PSG.DE and 0.55% for CGL-C.TO.
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