8PSG.DE vs. RM8U.DE
8PSG.DE (Invesco Physical Gold ETC) and RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while RM8U.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 19.57%/yr for RM8U.DE. With a 1.00 correlation, they move nearly in lockstep. 8PSG.DE charges 0.12%/yr vs 0.22%/yr for RM8U.DE.
Performance
8PSG.DE vs. RM8U.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 8PSG.DE having a 2.72% return and RM8U.DE slightly lower at 2.70%.
8PSG.DE
- 1D
- 0.59%
- 1M
- -1.59%
- YTD
- 2.72%
- 6M
- 6.38%
- 1Y
- 30.20%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
RM8U.DE
- 1D
- 0.59%
- 1M
- -1.56%
- YTD
- 2.70%
- 6M
- 6.33%
- 1Y
- 30.06%
- 3Y*
- 27.86%
- 5Y*
- 19.57%
- 10Y*
- —
8PSG.DE vs. RM8U.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% | 6.88% |
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 2.70% | 48.89% | 34.03% | 9.20% | 6.98% | 3.69% | 5.61% |
Correlation
The correlation between 8PSG.DE and RM8U.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 1.00 |
The correlation between 8PSG.DE and RM8U.DE has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. RM8U.DE — Risk / Return Rank
8PSG.DE
RM8U.DE
8PSG.DE vs. RM8U.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.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.
| 8PSG.DE | RM8U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.81 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.58 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 8PSG.DE | RM8U.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.30 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.21 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.01 | +0.04 |
Drawdowns
8PSG.DE vs. RM8U.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, roughly equal to the maximum RM8U.DE drawdown of -18.51%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and RM8U.DE.
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Drawdown Indicators
| 8PSG.DE | RM8U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -18.51% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -16.54% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -16.54% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -16.54% | -0.01% |
Current DrawdownCurrent decline from peak | -15.00% | -15.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -6.13% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.55% | -0.01% |
Volatility
8PSG.DE vs. RM8U.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) have volatilities of 5.09% and 5.04%, 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 | RM8U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.04% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 20.04% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 23.03% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 15.99% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 16.17% | -0.04% |
8PSG.DE vs. RM8U.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than RM8U.DE's 0.22% 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. RM8U.DE - Dividend Comparison
Neither 8PSG.DE nor RM8U.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, 8PSG.DE and RM8U.DE 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.
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 0.22% for RM8U.DE.
8PSG.DE is categorized as Gold, while RM8U.DE is Precious Metals. 8PSG.DE tracks LBMA Gold Price PM, while RM8U.DE tracks Gold. They also come from different issuers: Invesco and HANetf. Their fees differ too: 0.12% for 8PSG.DE and 0.22% for RM8U.DE.
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