8PSG.DE vs. GOLB.L
8PSG.DE (Invesco Physical Gold ETC) and GOLB.L (Market Access NYSE Arca Gold Bugs UCITS ETF) are both Gold funds - 8PSG.DE tracks the LBMA Gold Price PM while GOLB.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 5 years, 8PSG.DE returned 18.68%/yr vs 20.45%/yr for GOLB.L. A 0.57 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.65%/yr for GOLB.L.
Performance
8PSG.DE vs. GOLB.L - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while GOLB.L is traded in GBP. To make them comparable, the GOLB.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 -5.74% return, which is significantly lower than GOLB.L's -4.86% return.
8PSG.DE
- 1D
- 0.00%
- 1M
- -8.94%
- YTD
- -5.74%
- 6M
- -6.86%
- 1Y
- 23.34%
- 3Y*
- 26.68%
- 5Y*
- 18.68%
- 10Y*
- 11.21%
GOLB.L
- 1D
- 1.40%
- 1M
- -11.52%
- YTD
- -4.86%
- 6M
- -10.10%
- 1Y
- 58.21%
- 3Y*
- 38.53%
- 5Y*
- 20.45%
- 10Y*
- —
8PSG.DE vs. GOLB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 4.64% |
GOLB.L Market Access NYSE Arca Gold Bugs UCITS ETF | -4.86% | 126.00% | 19.56% | 2.46% | -3.88% | -9.10% | 71.64% |
Correlation
The correlation between 8PSG.DE and GOLB.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | 0.57 |
The correlation between 8PSG.DE and GOLB.L shifts across timeframes, from 0.56 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. GOLB.L — Risk / Return Rank
8PSG.DE
GOLB.L
8PSG.DE vs. GOLB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.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 | GOLB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.74 | -0.68 |
| Martin ratioReturn relative to average drawdown | 2.46 | 4.50 | -2.04 |
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Drawdowns
8PSG.DE vs. GOLB.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than GOLB.L's maximum drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and GOLB.L.
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Drawdown Indicators
| 8PSG.DE | GOLB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -41.27% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -33.20% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -33.20% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -39.87% | +17.87% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -22.00% | -31.34% | +9.34% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -18.97% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 12.90% | -3.42% |
Volatility
8PSG.DE vs. GOLB.L - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 7.99%, while Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) has a volatility of 16.89%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than GOLB.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 | GOLB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 16.89% | -8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 36.35% | -15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 44.62% | -11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 34.95% | -16.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 43.94% | -22.10% |
8PSG.DE vs. GOLB.L - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than GOLB.L's 0.65% expense ratio.
Dividends
8PSG.DE vs. GOLB.L - Dividend Comparison
Neither 8PSG.DE nor GOLB.L has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and GOLB.L have a correlation of 0.76, 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 0.65% for GOLB.L.
8PSG.DE tracks LBMA Gold Price PM, while GOLB.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: Invesco and China Post Global. Their fees differ too: 0.12% for 8PSG.DE and 0.65% for GOLB.L.
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