8PSG.DE vs. QQC.TO

Last updated Jun 5, 2026

8PSG.DE (Invesco Physical Gold ETC) and QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 19.18%/yr for QQC.TO. At a correlation of -0.02, they often move in opposite directions. 8PSG.DE charges 0.12%/yr vs 0.20%/yr for QQC.TO.

Performance

8PSG.DE vs. QQC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Physical Gold ETC (8PSG.DE) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

8PSG.DE is traded in EUR, while QQC.TO is traded in CAD. To make them comparable, the QQC.TO 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 QQC.TO's 21.90% 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*: —

QQC.TO

• 1D: -0.68%
• 1M: 9.26%
• YTD: 21.90%
• 6M: 19.38%
• 1Y: 37.94%
• 3Y*: 24.85%
• 5Y*: 19.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

8PSG.DE vs. QQC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
8PSG.DE Invesco Physical Gold ETC	2.72%	48.98%	34.29%	9.43%	7.00%	2.32%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	21.90%	6.56%	33.26%	50.53%	-28.72%	28.04%

Correlation

The correlation between 8PSG.DE and QQC.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 31, 2021	-0.02

The correlation between 8PSG.DE and QQC.TO shifts across timeframes, from -0.02 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

8PSG.DE vs. QQC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

8PSG.DE

8PSG.DE Risk / Return Rank: 36
8PSG.DE Sharpe Ratio Rank: 37
8PSG.DE Sortino Ratio Rank: 34
8PSG.DE Omega Ratio Rank: 40
8PSG.DE Calmar Ratio Rank: 37
8PSG.DE Martin Ratio Rank: 32

QQC.TO

QQC.TO Risk / Return Rank: 77
QQC.TO Sharpe Ratio Rank: 86
QQC.TO Sortino Ratio Rank: 82
QQC.TO Omega Ratio Rank: 83
QQC.TO Calmar Ratio Rank: 72
QQC.TO Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

8PSG.DE vs. QQC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). 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	QQC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.40	-1.11
Sortino ratio: Return per unit of downside risk	1.75	3.07	-1.32
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.82	3.52	-1.71
Martin ratio: Return relative to average drawdown	4.60	10.92	-6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

8PSG.DE vs. QQC.TO - Sharpe Ratio Comparison

The current 8PSG.DE Sharpe Ratio is 1.30, which is lower than the QQC.TO Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of 8PSG.DE and QQC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	8PSG.DE	QQC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.40	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	0.87	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.85	+0.19

Drawdowns

8PSG.DE vs. QQC.TO - Drawdown Comparison

The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum QQC.TO drawdown of -31.67%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and QQC.TO.

Drawdown Indicators

	8PSG.DE	QQC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.33%	-31.67%	+13.34%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-10.82%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-27.25%	+10.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.55%	-31.67%	+15.12%
Current Drawdown Current decline from peak	-15.00%	-0.68%	-14.32%
Average Drawdown Average peak-to-trough decline	-6.04%	-8.28%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	3.48%	+3.06%

Volatility

8PSG.DE vs. QQC.TO - Volatility Comparison

Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 3.75%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	8PSG.DE	QQC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	3.75%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	20.17%	11.31%	+8.86%
Volatility (1Y) Calculated over the trailing 1-year period	23.14%	15.85%	+7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	22.27%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	22.24%	-6.11%

8PSG.DE vs. QQC.TO - Expense Ratio Comparison

8PSG.DE has a 0.12% expense ratio, which is lower than QQC.TO's 0.20% expense ratio. Despite the difference, 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. QQC.TO - Dividend Comparison

8PSG.DE has not paid dividends to shareholders, while QQC.TO's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023	2022	2021
8PSG.DE Invesco Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.32%	0.39%	0.45%	0.54%	0.91%	0.56%

Frequently Asked Questions

Can I hold both 8PSG.DE and QQC.TO in my portfolio?

8PSG.DE and QQC.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 8PSG.DE or QQC.TO?

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.

Which ETF is cheaper, 8PSG.DE or QQC.TO?

8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for QQC.TO.

What is the main difference between 8PSG.DE and QQC.TO?

8PSG.DE is categorized as Gold, while QQC.TO is Nasdaq-100. 8PSG.DE tracks LBMA Gold Price PM, while QQC.TO tracks NASDAQ-100 Index. Their fees differ too: 0.12% for 8PSG.DE and 0.20% for QQC.TO.