8PSG.DE vs. IGLN.L
8PSG.DE (Invesco Physical Gold ETC) and IGLN.L (iShares Physical Gold ETC) are both Gold funds - 8PSG.DE tracks the LBMA Gold Price PM while IGLN.L tracks the LBMA Gold Price. Both are passively managed. Over the past 10 years, 8PSG.DE returned 11.21%/yr vs 11.20%/yr for IGLN.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.
Performance
8PSG.DE vs. IGLN.L - Performance Comparison
Loading charts...
Different Trading Currencies
8PSG.DE is traded in EUR, while IGLN.L is traded in USD. To make them comparable, the IGLN.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 IGLN.L's -3.87% return. Both investments have delivered pretty close results over the past 10 years, with 8PSG.DE having a 11.21% annualized return and IGLN.L not far behind at 11.20%.
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%
IGLN.L
- 1D
- 0.00%
- 1M
- -8.92%
- YTD
- -3.87%
- 6M
- -7.56%
- 1Y
- 23.59%
- 3Y*
- 25.77%
- 5Y*
- 18.64%
- 10Y*
- 11.20%
8PSG.DE vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
IGLN.L iShares Physical Gold ETC | -3.59% | 45.35% | 34.46% | 10.04% | 6.10% | 3.15% | 13.92% | 20.97% | 3.30% | -2.04% |
Correlation
The correlation between 8PSG.DE and IGLN.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.78 |
The correlation between 8PSG.DE and IGLN.L shifts across timeframes, from 0.77 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
8PSG.DE vs. IGLN.L — Risk / Return Rank
8PSG.DE
IGLN.L
8PSG.DE vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares Physical Gold ETC (IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.05 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.46 | 2.95 | -0.49 |
Loading charts...
Drawdowns
8PSG.DE vs. IGLN.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than IGLN.L's maximum drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and IGLN.L.
Loading charts...
Drawdown Indicators
| 8PSG.DE | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -36.94% | -17.27% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -22.28% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -22.28% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -22.28% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | -22.28% | +0.28% |
Current DrawdownCurrent decline from peak | -22.00% | -22.19% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -13.19% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 7.96% | +1.52% |
Volatility
8PSG.DE vs. IGLN.L - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 7.99%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 8.81%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 8PSG.DE | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 8.81% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 22.46% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 25.17% | +7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 17.00% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 15.13% | +6.71% |
8PSG.DE vs. IGLN.L - Expense Ratio Comparison
Both 8PSG.DE and IGLN.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
8PSG.DE vs. IGLN.L - Dividend Comparison
Neither 8PSG.DE nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, 8PSG.DE and IGLN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE and IGLN.L have the same expense ratio: 0.12% per year.
8PSG.DE tracks LBMA Gold Price PM, while IGLN.L tracks LBMA Gold Price. They also come from different issuers: Invesco and iShares.
Find the right allocation for 8PSG.DE and IGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer