8PSG.DE vs. DTLA.L
8PSG.DE (Invesco Physical Gold ETC) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs -5.51%/yr for DTLA.L. At a 0.17 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.07%/yr for DTLA.L.
Performance
8PSG.DE vs. DTLA.L - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while DTLA.L is traded in USD. To make them comparable, the DTLA.L 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 DTLA.L's 0.67% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -4.00%
- YTD
- 2.72%
- 6M
- 5.46%
- 1Y
- 31.30%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
DTLA.L
- 1D
- 0.52%
- 1M
- 1.99%
- YTD
- 0.67%
- 6M
- 2.37%
- 1Y
- 4.14%
- 3Y*
- -3.47%
- 5Y*
- -5.51%
- 10Y*
- —
8PSG.DE vs. DTLA.L - 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% | 5.65% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.67% | -7.91% | -0.76% | -1.36% | -25.97% | 2.68% | -7.36% |
Correlation
The correlation between 8PSG.DE and DTLA.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.17 |
The correlation between 8PSG.DE and DTLA.L shifts across timeframes, from 0.05 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. DTLA.L — Risk / Return Rank
8PSG.DE
DTLA.L
8PSG.DE vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L). 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.
| 8PSG.DE | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.48 | +1.33 |
| Martin ratioReturn relative to average drawdown | 4.60 | 1.03 | +3.57 |
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Drawdowns
8PSG.DE vs. DTLA.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum DTLA.L drawdown of -46.97%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and DTLA.L.
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Drawdown Indicators
| 8PSG.DE | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -46.97% | +28.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -7.33% | -9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -18.22% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -39.80% | +23.25% |
Current DrawdownCurrent decline from peak | -15.00% | -43.20% | +28.20% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -24.85% | +18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.44% | +3.10% |
Volatility
8PSG.DE vs. DTLA.L - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) at 2.95%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than DTLA.L 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 | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 2.95% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 7.07% | +13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 10.15% | +12.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 15.52% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.57% | +0.56% |
8PSG.DE vs. DTLA.L - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is higher than DTLA.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
8PSG.DE vs. DTLA.L - Dividend Comparison
Neither 8PSG.DE nor DTLA.L has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and DTLA.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for 8PSG.DE.
8PSG.DE is categorized as Gold, while DTLA.L is Government Bonds. 8PSG.DE tracks LBMA Gold Price PM, while DTLA.L tracks ICE US Treasury 20+ Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for 8PSG.DE and 0.07% for DTLA.L.
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