8PSG.DE vs. SXRP.DE
8PSG.DE (Invesco Physical Gold ETC) and SXRP.DE (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while SXRP.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 3-7. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs -0.69%/yr for SXRP.DE. At a 0.26 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.15%/yr for SXRP.DE.
Performance
8PSG.DE vs. SXRP.DE - 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 higher than SXRP.DE's 0.13% 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*
- —
SXRP.DE
- 1D
- 0.28%
- 1M
- 0.33%
- YTD
- 0.13%
- 6M
- 0.44%
- 1Y
- 0.80%
- 3Y*
- 2.95%
- 5Y*
- -0.69%
- 10Y*
- 0.10%
8PSG.DE vs. SXRP.DE - 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% |
SXRP.DE iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | 0.13% | 2.47% | 2.09% | 5.92% | -12.11% | -1.58% | 0.92% |
Correlation
The correlation between 8PSG.DE and SXRP.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.26 |
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Return for Risk
8PSG.DE vs. SXRP.DE — Risk / Return Rank
8PSG.DE
SXRP.DE
8PSG.DE vs. SXRP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.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.
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 | SXRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.03 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.18 | +1.64 |
| Martin ratioReturn relative to average drawdown | 4.60 | 0.49 | +4.11 |
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Drawdowns
8PSG.DE vs. SXRP.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, which is greater than SXRP.DE's maximum drawdown of -14.50%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and SXRP.DE.
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Drawdown Indicators
| 8PSG.DE | SXRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -14.50% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -2.85% | -13.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -2.85% | -13.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -14.37% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.50% | — |
Current DrawdownCurrent decline from peak | -15.00% | -4.26% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -2.86% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 1.04% | +5.50% |
Volatility
8PSG.DE vs. SXRP.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.DE) at 1.22%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than SXRP.DE 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 | SXRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.22% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 2.72% | +17.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 3.07% | +20.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 4.35% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 3.54% | +12.59% |
8PSG.DE vs. SXRP.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than SXRP.DE's 0.15% 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. SXRP.DE - Dividend Comparison
Neither 8PSG.DE nor SXRP.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and SXRP.DE have a correlation of 0.32, 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 0.15% for SXRP.DE.
8PSG.DE is categorized as Gold, while SXRP.DE is European Government Bonds. 8PSG.DE tracks LBMA Gold Price PM, while SXRP.DE tracks Bloomberg Euro Government Bond 3-7. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for 8PSG.DE and 0.15% for SXRP.DE.
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