8PSG.DE vs. SAF.PA
8PSG.DE (Invesco Physical Gold ETC) is Gold fund tracking the LBMA Gold Price PM, while SAF.PA (Safran SA) is a stock. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 21.02%/yr for SAF.PA. At a 0.03 correlation, their price movements are largely independent.
Performance
8PSG.DE vs. SAF.PA - 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 SAF.PA's 4.08% 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*
- —
SAF.PA
- 1D
- 3.66%
- 1M
- 9.30%
- YTD
- 4.08%
- 6M
- 6.26%
- 1Y
- 22.25%
- 3Y*
- 31.43%
- 5Y*
- 21.02%
- 10Y*
- 19.52%
8PSG.DE vs. SAF.PA - 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% |
SAF.PA Safran SA | 4.08% | 41.80% | 34.36% | 37.72% | 9.15% | -6.83% | -6.57% |
Correlation
The correlation between 8PSG.DE and SAF.PA 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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.03 |
The correlation between 8PSG.DE and SAF.PA shifts across timeframes, from 0.02 (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. SAF.PA — Risk / Return Rank
8PSG.DE
SAF.PA
8PSG.DE vs. SAF.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Safran SA (SAF.PA). 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 | SAF.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.83 | +0.98 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.22 | +2.38 |
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Drawdowns
8PSG.DE vs. SAF.PA - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum SAF.PA drawdown of -64.89%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SAF.PA.
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Drawdown Indicators
| 8PSG.DE | SAF.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -64.89% | +46.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -23.62% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -23.62% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -29.84% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.63% | — |
Current DrawdownCurrent decline from peak | -15.00% | -10.85% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -13.50% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 8.90% | -2.36% |
Volatility
8PSG.DE vs. SAF.PA - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Safran SA (SAF.PA) has a volatility of 10.23%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than SAF.PA 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 | SAF.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 10.23% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 27.80% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 31.51% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 28.37% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 33.13% | -17.00% |
Dividends
8PSG.DE vs. SAF.PA - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while SAF.PA's dividend yield for the trailing twelve months is around 1.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAF.PA Safran SA | 1.09% | 0.98% | 1.04% | 0.85% | 0.43% | 0.40% | 0.00% | 1.32% | 1.52% | 0.97% | 2.15% | 1.96% |
Frequently Asked Questions
8PSG.DE and SAF.PA 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.
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