8PSG.DE vs. ESGP.DE
8PSG.DE (Invesco Physical Gold ETC) and ESGP.DE (Gold Miners Screened UCITS ETF) are both Gold funds - 8PSG.DE tracks the LBMA Gold Price PM while ESGP.DE tracks the VettaFi Gold Miners Screened Index. Both are passively managed. Over the past 3 years, 8PSG.DE returned 26.40%/yr vs 11.10%/yr for ESGP.DE. At a 0.17 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.60%/yr for ESGP.DE.
Performance
8PSG.DE vs. ESGP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSG.DE achieves a -6.36% return, which is significantly lower than ESGP.DE's 11.42% return.
8PSG.DE
- 1D
- 0.00%
- 1M
- -6.67%
- 6M
- -11.46%
- YTD
- -6.36%
- 1Y
- 21.76%
- 3Y*
- 26.40%
- 5Y*
- 17.85%
- 10Y*
- 11.03%
ESGP.DE
- 1D
- 0.00%
- 1M
- 2.80%
- 6M
- 8.35%
- YTD
- 11.42%
- 1Y
- 15.05%
- 3Y*
- 11.10%
- 5Y*
- —
- 10Y*
- —
8PSG.DE vs. ESGP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -6.36% | 48.98% | 44.76% | 0.00% | 8.62% | 4.18% |
ESGP.DE Gold Miners Screened UCITS ETF | 11.42% | 5.79% | 12.94% | 2.10% | -2.36% | 2.90% |
Correlation
The correlation between 8PSG.DE and ESGP.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.17 |
Over the past year, 8PSG.DE and ESGP.DE have become more correlated (0.39) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
8PSG.DE vs. ESGP.DE — Risk / Return Rank
8PSG.DE
ESGP.DE
8PSG.DE vs. ESGP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Gold Miners Screened UCITS ETF (ESGP.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.
| 8PSG.DE | ESGP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.39 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.00 | 6.77 | -4.78 |
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Drawdowns
8PSG.DE vs. ESGP.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than ESGP.DE's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and ESGP.DE.
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Drawdown Indicators
| 8PSG.DE | ESGP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -20.50% | -33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.52% | -6.31% | -16.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.52% | -20.50% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.52% | — | — |
Current DrawdownCurrent decline from peak | -22.52% | -0.06% | -22.46% |
Average DrawdownAverage peak-to-trough decline | -23.96% | -5.22% | -18.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.88% | 2.23% | +8.65% |
Volatility
8PSG.DE vs. ESGP.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 6.26% compared to Gold Miners Screened UCITS ETF (ESGP.DE) at 2.11%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than ESGP.DE 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 | ESGP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.11% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.14% | 8.96% | +12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 11.56% | +21.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 14.43% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 14.43% | +7.44% |
8PSG.DE vs. ESGP.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than ESGP.DE's 0.60% expense ratio.
Dividends
8PSG.DE vs. ESGP.DE - Dividend Comparison
Neither 8PSG.DE nor ESGP.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and ESGP.DE have a correlation of 0.39, 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 0.60% for ESGP.DE.
8PSG.DE tracks LBMA Gold Price PM, while ESGP.DE tracks VettaFi Gold Miners Screened Index. They also come from different issuers: Invesco and HANetf. Their fees differ too: 0.12% for 8PSG.DE and 0.60% for ESGP.DE.
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