8PSG.DE vs. IAUM
8PSG.DE (Invesco Physical Gold ETC) and IAUM (iShares Gold Trust Micro) are both Gold funds tracking the LBMA Gold Price PM, from Invesco and iShares respectively. Both are passively managed. Over the past 3 years, 8PSG.DE returned 26.68%/yr vs 26.08%/yr for IAUM. A 0.67 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.09%/yr for IAUM.
Performance
8PSG.DE vs. IAUM - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while IAUM is traded in USD. To make them comparable, the IAUM 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 IAUM's -3.53% 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%
IAUM
- 1D
- 0.94%
- 1M
- -8.58%
- YTD
- -3.53%
- 6M
- -6.88%
- 1Y
- 23.77%
- 3Y*
- 26.08%
- 5Y*
- —
- 10Y*
- —
8PSG.DE vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 6.59% |
IAUM iShares Gold Trust Micro | -3.53% | 44.78% | 35.42% | 9.73% | 5.68% | 8.70% |
Correlation
The correlation between 8PSG.DE and IAUM 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 (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.67 |
The correlation between 8PSG.DE and IAUM shifts across timeframes, from 0.67 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. IAUM — Risk / Return Rank
8PSG.DE
IAUM
8PSG.DE vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.03 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.46 | 2.83 | -0.37 |
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Drawdowns
8PSG.DE vs. IAUM - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than IAUM's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and IAUM.
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Drawdown Indicators
| 8PSG.DE | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -23.08% | -31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -23.08% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -23.08% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -22.00% | -22.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -4.46% | -19.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 8.43% | +1.05% |
Volatility
8PSG.DE vs. IAUM - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) and iShares Gold Trust Micro (IAUM) have volatilities of 7.99% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSG.DE | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 7.74% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 22.65% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 25.75% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 16.85% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 16.85% | +4.99% |
8PSG.DE vs. IAUM - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is higher than IAUM's 0.09% 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. IAUM - Dividend Comparison
Neither 8PSG.DE nor IAUM has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and IAUM 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.
On fees, IAUM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.12% for 8PSG.DE.
Both ETFs track LBMA Gold Price PM. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for 8PSG.DE and 0.09% for IAUM.
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