8PSG.DE vs. GDE
8PSG.DE (Invesco Physical Gold ETC) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both Gold funds. 8PSG.DE is passively managed, while GDE is actively managed. Over the past 3 years, 8PSG.DE returned 28.02%/yr vs 40.38%/yr for GDE. A 0.53 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.20%/yr for GDE.
Performance
8PSG.DE vs. GDE - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while GDE is traded in USD. To make them comparable, the GDE 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 GDE's 6.81% 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*
- —
GDE
- 1D
- -5.09%
- 1M
- -5.47%
- YTD
- 6.81%
- 6M
- 7.22%
- 1Y
- 45.82%
- 3Y*
- 40.38%
- 5Y*
- —
- 10Y*
- —
8PSG.DE vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | -2.59% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 6.81% | 53.14% | 54.35% | 29.84% | -15.73% |
Correlation
The correlation between 8PSG.DE and GDE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.53 |
Over the past year, 8PSG.DE and GDE have become more correlated (0.74) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
8PSG.DE vs. GDE — Risk / Return Rank
8PSG.DE
GDE
8PSG.DE vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.32 | -0.50 |
| Martin ratioReturn relative to average drawdown | 4.60 | 7.44 | -2.84 |
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 | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.68 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.13 | -0.09 |
Drawdowns
8PSG.DE vs. GDE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum GDE drawdown of -22.89%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and GDE.
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Drawdown Indicators
| 8PSG.DE | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -22.89% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -19.85% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -20.49% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | — | — |
Current DrawdownCurrent decline from peak | -15.00% | -12.05% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -6.50% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.18% | +0.36% |
Volatility
8PSG.DE vs. GDE - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 7.11%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than GDE 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 | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 7.11% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 23.36% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 27.38% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 24.29% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 24.29% | -8.16% |
8PSG.DE vs. GDE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than GDE's 0.20% expense ratio. Despite the difference, 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. GDE - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.12% | 4.32% | 7.14% | 2.22% | 0.81% |
Frequently Asked Questions
8PSG.DE and GDE have a correlation of 0.74, 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 0.20% for GDE.
They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.12% for 8PSG.DE and 0.20% for GDE.
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