8PSG.DE vs. IAUI

Last updated Jun 5, 2026

8PSG.DE (Invesco Physical Gold ETC) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while IAUI is a Derivative Income fund actively managed by Neos. 8PSG.DE is passively managed, while IAUI is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.78%/yr for IAUI.

Performance

8PSG.DE vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Physical Gold ETC (8PSG.DE) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

8PSG.DE is traded in EUR, while IAUI is traded in USD. To make them comparable, the IAUI 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 IAUI's 3.43% return.

8PSG.DE

• 1D: 0.59%
• 1M: -1.59%
• YTD: 2.72%
• 6M: 6.38%
• 1Y: 30.20%
• 3Y*: 28.02%
• 5Y*: 19.71%
• 10Y*: —

IAUI

• 1D: 0.47%
• 1M: -0.56%
• YTD: 3.43%
• 6M: 4.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

8PSG.DE vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
8PSG.DE Invesco Physical Gold ETC	2.72%	27.62%
IAUI NEOS Gold High Income ETF	3.43%	17.45%

Correlation

The correlation between 8PSG.DE and IAUI is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.77

Return for Risk

8PSG.DE vs. IAUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

8PSG.DE

8PSG.DE Risk / Return Rank: 36
8PSG.DE Sharpe Ratio Rank: 37
8PSG.DE Sortino Ratio Rank: 34
8PSG.DE Omega Ratio Rank: 40
8PSG.DE Calmar Ratio Rank: 37
8PSG.DE Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

8PSG.DE vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and NEOS Gold High Income ETF (IAUI). 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	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	4.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	8PSG.DE	IAUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
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	1.12	-0.08

Drawdowns

8PSG.DE vs. IAUI - Drawdown Comparison

The maximum 8PSG.DE drawdown since its inception was -18.33%, which is greater than IAUI's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and IAUI.

Drawdown Indicators

	8PSG.DE	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-18.33%	-16.06%	-2.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.55%	—	—
Current Drawdown Current decline from peak	-15.00%	-12.70%	-2.30%
Average Drawdown Average peak-to-trough decline	-6.04%	-3.44%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	—	—

Volatility

Volatility by Period

	8PSG.DE	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.14%	19.35%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	19.35%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	19.35%	-3.22%

8PSG.DE vs. IAUI - Expense Ratio Comparison

8PSG.DE has a 0.12% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

8PSG.DE vs. IAUI - Dividend Comparison

8PSG.DE has not paid dividends to shareholders, while IAUI's dividend yield for the trailing twelve months is around 12.58%.

Position	TTM	2025
8PSG.DE Invesco Physical Gold ETC	0.00%	0.00%
IAUI NEOS Gold High Income ETF	12.58%	6.88%

Frequently Asked Questions

Can I hold both 8PSG.DE and IAUI in my portfolio?

8PSG.DE and IAUI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 8PSG.DE or IAUI?

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.

Which ETF is cheaper, 8PSG.DE or IAUI?

8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.78% for IAUI.

What is the main difference between 8PSG.DE and IAUI?

8PSG.DE is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.12% for 8PSG.DE and 0.78% for IAUI.