8PSG.DE vs. SPYI.DE
Compare and contrast key facts about Invesco Physical Gold A (8PSG.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE).
8PSG.DE and SPYI.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 8PSG.DE is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. SPYI.DE is a passively managed fund by State Street that tracks the performance of the MSCI All Country World Investable Market (ACWI IMI). It was launched on May 13, 2011. Both 8PSG.DE and SPYI.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 8PSG.DE or SPYI.DE.
Key characteristics
| 8PSG.DE | SPYI.DE | |
|---|---|---|
| YTD Return | 33.95% | 22.24% |
| 1Y Return | 36.45% | 30.32% |
| 3Y Return (Ann) | 16.22% | 8.31% |
| 5Y Return (Ann) | 13.16% | 11.61% |
| 10Y Return (Ann) | 10.06% | 11.59% |
| Sharpe Ratio | 2.91 | 2.70 |
| Sortino Ratio | 3.86 | 3.59 |
| Omega Ratio | 1.52 | 1.55 |
| Calmar Ratio | 6.87 | 3.49 |
| Martin Ratio | 17.75 | 16.58 |
| Ulcer Index | 2.15% | 1.74% |
| Daily Std Dev | 13.11% | 10.64% |
| Max Drawdown | -36.96% | -34.60% |
| Current Drawdown | -2.37% | 0.00% |
Correlation
The correlation between 8PSG.DE and SPYI.DE is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
8PSG.DE vs. SPYI.DE - Performance Comparison
In the year-to-date period, 8PSG.DE achieves a 33.95% return, which is significantly higher than SPYI.DE's 22.24% return. Over the past 10 years, 8PSG.DE has underperformed SPYI.DE with an annualized return of 10.06%, while SPYI.DE has yielded a comparatively higher 11.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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8PSG.DE vs. SPYI.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than SPYI.DE's 0.17% 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%.
Risk-Adjusted Performance
8PSG.DE vs. SPYI.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (8PSG.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
Dividends
8PSG.DE vs. SPYI.DE - Dividend Comparison
Neither 8PSG.DE nor SPYI.DE has paid dividends to shareholders.
Drawdowns
8PSG.DE vs. SPYI.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -36.96%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SPYI.DE. For additional features, visit the drawdowns tool.
Volatility
8PSG.DE vs. SPYI.DE - Volatility Comparison
Invesco Physical Gold A (8PSG.DE) has a higher volatility of 4.18% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 2.94%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.