8PSG.DE vs. SPMO
8PSG.DE (Invesco Physical Gold ETC) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, 8PSG.DE returned 11.21%/yr vs 21.07%/yr for SPMO. At a 0.06 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.13%/yr for SPMO.
Performance
8PSG.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO 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 SPMO's 38.88% return. Over the past 10 years, 8PSG.DE has underperformed SPMO with an annualized return of 11.21%, while SPMO has yielded a comparatively higher 21.07% annualized 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%
SPMO
- 1D
- 3.73%
- 1M
- 9.22%
- YTD
- 38.88%
- 6M
- 36.81%
- 1Y
- 50.15%
- 3Y*
- 41.97%
- 5Y*
- 24.96%
- 10Y*
- 21.07%
8PSG.DE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
SPMO Invesco S&P 500 Momentum ETF | 38.88% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between 8PSG.DE and SPMO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.06 |
The correlation between 8PSG.DE and SPMO shifts across timeframes, from 0.02 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. SPMO — Risk / Return Rank
8PSG.DE
SPMO
8PSG.DE vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 4.33 | -3.27 |
| Martin ratioReturn relative to average drawdown | 2.46 | 13.79 | -11.33 |
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Drawdowns
8PSG.DE vs. SPMO - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than SPMO's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SPMO.
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Drawdown Indicators
| 8PSG.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -32.02% | -22.19% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -11.63% | -10.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -25.02% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -25.02% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | -32.02% | +10.02% |
Current DrawdownCurrent decline from peak | -22.00% | -0.73% | -21.27% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -4.50% | -19.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 3.65% | +5.83% |
Volatility
8PSG.DE vs. SPMO - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 7.99%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.32%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 11.32% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 17.04% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 20.51% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 20.04% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 21.14% | +0.70% |
8PSG.DE vs. SPMO - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than SPMO's 0.13% 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. SPMO - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.
| 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
8PSG.DE and SPMO have a correlation of 0.18, 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 0.13% for SPMO.
8PSG.DE is categorized as Gold, while SPMO is Momentum. 8PSG.DE tracks LBMA Gold Price PM, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.12% for 8PSG.DE and 0.13% for SPMO.
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