8PSG.DE vs. IBTM
8PSG.DE (Invesco Physical Gold ETC) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while IBTM is a Intermediate Core Bond fund tracking the ICE 2032 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, 8PSG.DE returned 28.02%/yr vs 0.01%/yr for IBTM. At a 0.14 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.07%/yr for IBTM.
Performance
8PSG.DE vs. IBTM - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while IBTM is traded in USD. To make them comparable, the IBTM 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 higher than IBTM's 0.77% 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*
- —
IBTM
- 1D
- -0.01%
- 1M
- 0.56%
- YTD
- 0.77%
- 6M
- -0.12%
- 1Y
- 1.69%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
8PSG.DE vs. IBTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | -0.57% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 0.77% | -4.76% | 6.45% | 0.38% | -9.29% |
Correlation
The correlation between 8PSG.DE and IBTM is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.14 |
The correlation between 8PSG.DE and IBTM shifts across timeframes, from -0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. IBTM — Risk / Return Rank
8PSG.DE
IBTM
8PSG.DE vs. IBTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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 | IBTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.06 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.35 | +1.47 |
| Martin ratioReturn relative to average drawdown | 4.60 | 1.00 | +3.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 8PSG.DE | IBTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.29 | +1.01 |
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 | -0.21 | +1.25 |
Drawdowns
8PSG.DE vs. IBTM - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, which is greater than IBTM's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and IBTM.
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Drawdown Indicators
| 8PSG.DE | IBTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -16.25% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -4.88% | -11.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -10.66% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | — | — |
Current DrawdownCurrent decline from peak | -15.00% | -10.28% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -10.29% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 1.74% | +4.80% |
Volatility
8PSG.DE vs. IBTM - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to iShares iBonds Dec 2032 Term Treasury ETF (IBTM) at 0.81%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than IBTM 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 | IBTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.81% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 4.30% | +15.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 5.82% | +17.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 8.72% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 8.72% | +7.41% |
8PSG.DE vs. IBTM - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is higher than IBTM's 0.07% 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. IBTM - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while IBTM's dividend yield for the trailing twelve months is around 3.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
Frequently Asked Questions
8PSG.DE and IBTM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.12% for 8PSG.DE.
8PSG.DE is categorized as Gold, while IBTM is Intermediate Core Bond. 8PSG.DE tracks LBMA Gold Price PM, while IBTM tracks ICE 2032 Maturity US Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for 8PSG.DE and 0.07% for IBTM.
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