8PSG.DE vs. QQQM
8PSG.DE (Invesco Physical Gold ETC) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, 8PSG.DE returned 18.68%/yr vs 17.18%/yr for QQQM. At a 0.03 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.15%/yr for QQQM.
Performance
8PSG.DE vs. QQQM - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM 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 QQQM's 19.95% return.
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%
QQQM
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- 19.95%
- 6M
- 18.42%
- 1Y
- 35.49%
- 3Y*
- 24.81%
- 5Y*
- 17.18%
- 10Y*
- —
8PSG.DE vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | -6.01% |
QQQM Invesco NASDAQ 100 ETF | 20.80% | 6.51% | 33.98% | 50.36% | -28.34% | 36.98% | 2.51% |
Correlation
The correlation between 8PSG.DE and QQQM 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.03 |
The correlation between 8PSG.DE and QQQM shifts across timeframes, from 0.01 (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. QQQM — Risk / Return Rank
8PSG.DE
QQQM
8PSG.DE vs. QQQM - 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 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.24 | -2.18 |
| Martin ratioReturn relative to average drawdown | 2.46 | 9.96 | -7.50 |
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Drawdowns
8PSG.DE vs. QQQM - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than QQQM's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and QQQM.
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Drawdown Indicators
| 8PSG.DE | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -30.95% | -23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -10.99% | -11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -27.16% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -30.95% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -22.00% | -3.15% | -18.85% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -7.29% | -16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 3.57% | +5.91% |
Volatility
8PSG.DE vs. QQQM - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 7.99% and 8.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSG.DE | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 8.08% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 13.39% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 17.64% | +15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 22.14% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 21.84% | 0.00% |
8PSG.DE vs. QQQM - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than QQQM's 0.15% 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. QQQM - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.44% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
8PSG.DE and QQQM 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, 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 0.15% for QQQM.
8PSG.DE is categorized as Gold, while QQQM is Nasdaq-100. 8PSG.DE tracks LBMA Gold Price PM, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.12% for 8PSG.DE and 0.15% for QQQM.
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