8PSG.DE vs. SGLD.L
8PSG.DE (Invesco Physical Gold ETC) and SGLD.L (Invesco Physical Gold ETC) are both Gold funds from Invesco tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 19.70%/yr for SGLD.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
8PSG.DE vs. SGLD.L - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while SGLD.L is traded in USD. To make them comparable, the SGLD.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 SGLD.L's 4.91% 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*
- —
SGLD.L
- 1D
- 0.55%
- 1M
- -1.68%
- YTD
- 4.91%
- 6M
- 6.34%
- 1Y
- 30.21%
- 3Y*
- 28.04%
- 5Y*
- 19.70%
- 10Y*
- 13.16%
8PSG.DE vs. SGLD.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% | 6.88% |
SGLD.L Invesco Physical Gold ETC | 4.91% | 45.31% | 34.56% | 9.96% | 6.11% | 3.10% | 8.00% |
Correlation
The correlation between 8PSG.DE and SGLD.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.92 |
The correlation between 8PSG.DE and SGLD.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. SGLD.L — Risk / Return Rank
8PSG.DE
SGLD.L
8PSG.DE vs. SGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Invesco Physical Gold ETC (SGLD.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.
| 8PSG.DE | SGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.79 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.60 | 0.00 |
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 | SGLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.25 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.18 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.66 | +0.38 |
Drawdowns
8PSG.DE vs. SGLD.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum SGLD.L drawdown of -36.98%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SGLD.L.
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Drawdown Indicators
| 8PSG.DE | SGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -36.98% | +18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -16.80% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -16.80% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -16.80% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.20% | — |
Current DrawdownCurrent decline from peak | -15.00% | -15.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -12.34% | +6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.55% | -0.01% |
Volatility
8PSG.DE vs. SGLD.L - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Invesco Physical Gold ETC (SGLD.L) has a volatility of 5.82%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than SGLD.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 | SGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.82% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 21.17% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 24.00% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.66% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.08% | +1.05% |
8PSG.DE vs. SGLD.L - Expense Ratio Comparison
Both 8PSG.DE and SGLD.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
8PSG.DE vs. SGLD.L - Dividend Comparison
Neither 8PSG.DE nor SGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 8PSG.DE and SGLD.L 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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE and SGLD.L have the same expense ratio: 0.12% per year.
Both ETFs track LBMA Gold Price PM.
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