8PSG.DE vs. MSED.L
8PSG.DE (Invesco Physical Gold ETC) and MSED.L (Lyxor Euro Stoxx 50 DR UCITS C) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while MSED.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs -4.46%/yr for MSED.L. At a 0.02 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.07%/yr for MSED.L.
Performance
8PSG.DE vs. MSED.L - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while MSED.L is traded in GBp. To make them comparable, the MSED.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 2.72% return, which is significantly lower than MSED.L's 8.77% 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*
- —
MSED.L
- 1D
- 1.85%
- 1M
- 5.23%
- YTD
- 8.77%
- 6M
- 9.81%
- 1Y
- 20.06%
- 3Y*
- -10.90%
- 5Y*
- -4.46%
- 10Y*
- 3.09%
8PSG.DE vs. MSED.L - 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% |
MSED.L Lyxor Euro Stoxx 50 DR UCITS C | 8.77% | 21.22% | 11.52% | -43.84% | -8.25% | 22.99% | 9.97% |
Correlation
The correlation between 8PSG.DE and MSED.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.02 |
The correlation between 8PSG.DE and MSED.L shifts across timeframes, from 0.00 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. MSED.L — Risk / Return Rank
8PSG.DE
MSED.L
8PSG.DE vs. MSED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Lyxor Euro Stoxx 50 DR UCITS C (MSED.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 | MSED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.65 | +0.16 |
| Martin ratioReturn relative to average drawdown | 4.60 | 5.66 | -1.06 |
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Drawdowns
8PSG.DE vs. MSED.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum MSED.L drawdown of -58.77%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and MSED.L.
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Drawdown Indicators
| 8PSG.DE | MSED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -58.77% | +40.44% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -10.93% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -58.77% | +42.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -58.77% | +42.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.77% | — |
Current DrawdownCurrent decline from peak | -15.00% | -31.40% | +16.40% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -16.72% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.20% | +3.34% |
Volatility
8PSG.DE vs. MSED.L - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to Lyxor Euro Stoxx 50 DR UCITS C (MSED.L) at 3.79%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than MSED.L 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 | MSED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.79% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 12.42% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 15.58% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 34.10% | -18.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 30.10% | -13.97% |
8PSG.DE vs. MSED.L - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is higher than MSED.L'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. MSED.L - Dividend Comparison
Neither 8PSG.DE nor MSED.L has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and MSED.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSED.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSED.L is cheaper with a 0.07% expense ratio, compared with 0.12% for 8PSG.DE.
8PSG.DE is categorized as Gold, while MSED.L is Europe Equities. 8PSG.DE tracks LBMA Gold Price PM, while MSED.L tracks MSCI EMU NR EUR. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.12% for 8PSG.DE and 0.07% for MSED.L.
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