8PSG.DE vs. LBRE.DE
8PSG.DE (Invesco Physical Gold ETC) and LBRE.DE (Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while LBRE.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Basic Resources. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 11.35%/yr for LBRE.DE. At a 0.19 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.30%/yr for LBRE.DE.
Performance
8PSG.DE vs. LBRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSG.DE achieves a 2.72% return, which is significantly lower than LBRE.DE's 29.03% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -4.15%
- YTD
- 2.72%
- 6M
- 5.46%
- 1Y
- 29.89%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
LBRE.DE
- 1D
- 3.78%
- 1M
- -1.65%
- YTD
- 29.03%
- 6M
- 38.72%
- 1Y
- 81.83%
- 3Y*
- 17.45%
- 5Y*
- 11.35%
- 10Y*
- 16.89%
8PSG.DE vs. LBRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 3.81% | 5.65% |
LBRE.DE Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc | 29.03% | 33.09% | -8.87% | -2.42% | 9.14% | 26.86% | 38.52% |
Correlation
The correlation between 8PSG.DE and LBRE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.19 |
Over the past year, 8PSG.DE and LBRE.DE have become more correlated (0.47) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
8PSG.DE vs. LBRE.DE — Risk / Return Rank
8PSG.DE
LBRE.DE
8PSG.DE vs. LBRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.DE). 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 | LBRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 4.70 | -2.89 |
| Martin ratioReturn relative to average drawdown | 4.60 | 18.55 | -13.95 |
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Drawdowns
8PSG.DE vs. LBRE.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum LBRE.DE drawdown of -74.48%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and LBRE.DE.
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Drawdown Indicators
| 8PSG.DE | LBRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -74.48% | +56.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -17.12% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -33.23% | +16.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -37.22% | +20.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -15.00% | -5.06% | -9.94% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -34.84% | +28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 4.35% | +2.19% |
Volatility
8PSG.DE vs. LBRE.DE - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.DE) has a volatility of 10.31%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than LBRE.DE 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 | LBRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 10.31% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 22.31% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 26.29% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 26.29% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 27.42% | -11.29% |
8PSG.DE vs. LBRE.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than LBRE.DE's 0.30% expense ratio.
Dividends
8PSG.DE vs. LBRE.DE - Dividend Comparison
Neither 8PSG.DE nor LBRE.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and LBRE.DE have a correlation of 0.47, 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 0.30% for LBRE.DE.
8PSG.DE is categorized as Gold, while LBRE.DE is Industrials Equities. 8PSG.DE tracks LBMA Gold Price PM, while LBRE.DE tracks STOXX® Europe 600 Basic Resources. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.12% for 8PSG.DE and 0.30% for LBRE.DE.
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