8PSG.DE vs. SSLV.L
8PSG.DE (Invesco Physical Gold ETC) and SSLV.L (Invesco Physical Silver ETC) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while SSLV.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 20.14%/yr for SSLV.L. A 0.65 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.19%/yr for SSLV.L.
Performance
8PSG.DE vs. SSLV.L - Performance Comparison
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Different Trading Currencies
8PSG.DE is traded in EUR, while SSLV.L is traded in USD. To make them comparable, the SSLV.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 higher than SSLV.L's -4.20% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -4.00%
- YTD
- 2.72%
- 6M
- 5.46%
- 1Y
- 31.30%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
SSLV.L
- 1D
- 5.85%
- 1M
- -19.97%
- YTD
- -4.20%
- 6M
- 11.31%
- 1Y
- 86.12%
- 3Y*
- 38.11%
- 5Y*
- 20.14%
- 10Y*
- 13.89%
8PSG.DE vs. SSLV.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% | 5.65% |
SSLV.L Invesco Physical Silver ETC | -4.20% | 118.29% | 29.08% | -3.89% | 10.00% | -6.44% | 42.52% |
Correlation
The correlation between 8PSG.DE and SSLV.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.65 |
The correlation between 8PSG.DE and SSLV.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. SSLV.L — Risk / Return Rank
8PSG.DE
SSLV.L
8PSG.DE vs. SSLV.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 Silver ETC (SSLV.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.
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 | SSLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.03 | -0.22 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.57 | +0.03 |
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Drawdowns
8PSG.DE vs. SSLV.L - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum SSLV.L drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SSLV.L.
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Drawdown Indicators
| 8PSG.DE | SSLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -68.22% | +49.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -42.07% | +25.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -42.07% | +25.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -42.07% | +25.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.07% | — |
Current DrawdownCurrent decline from peak | -15.00% | -38.68% | +23.68% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -42.65% | +36.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 18.76% | -12.22% |
Volatility
8PSG.DE vs. SSLV.L - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Invesco Physical Silver ETC (SSLV.L) has a volatility of 14.96%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than SSLV.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 | SSLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 14.96% | -9.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 53.56% | -33.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 56.45% | -33.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 34.49% | -18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 29.92% | -13.79% |
8PSG.DE vs. SSLV.L - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than SSLV.L's 0.19% 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. SSLV.L - Dividend Comparison
Neither 8PSG.DE nor SSLV.L has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and SSLV.L have a correlation of 0.71, 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 0.19% for SSLV.L.
8PSG.DE is categorized as Gold, while SSLV.L is Silver. 8PSG.DE tracks LBMA Gold Price PM, while SSLV.L tracks LBMA Silver Price. Their fees differ too: 0.12% for 8PSG.DE and 0.19% for SSLV.L.
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