8PSG.DE vs. VWCE.DE
8PSG.DE (Invesco Physical Gold ETC) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 11.89%/yr for VWCE.DE. At a 0.08 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.19%/yr for VWCE.DE.
Performance
8PSG.DE vs. VWCE.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 lower than VWCE.DE's 11.72% 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*
- —
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
8PSG.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 15.59% |
Correlation
The correlation between 8PSG.DE and VWCE.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.08 |
The correlation between 8PSG.DE and VWCE.DE shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. VWCE.DE — Risk / Return Rank
8PSG.DE
VWCE.DE
8PSG.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.92 | -2.10 |
| Martin ratioReturn relative to average drawdown | 4.60 | 16.07 | -11.47 |
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Drawdowns
8PSG.DE vs. VWCE.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and VWCE.DE.
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Drawdown Indicators
| 8PSG.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -33.43% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -6.55% | -10.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -21.07% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -21.07% | +4.52% |
Current DrawdownCurrent decline from peak | -15.00% | -1.47% | -13.53% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -4.68% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 1.60% | +4.94% |
Volatility
8PSG.DE vs. VWCE.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 5.09% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.40%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.40% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 8.51% | +11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 11.63% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 13.79% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 16.16% | -0.03% |
8PSG.DE vs. VWCE.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than VWCE.DE'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. VWCE.DE - Dividend Comparison
Neither 8PSG.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and VWCE.DE have a correlation of 0.23, 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 VWCE.DE.
8PSG.DE is categorized as Gold, while VWCE.DE is Global Equities. 8PSG.DE tracks LBMA Gold Price PM, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.12% for 8PSG.DE and 0.19% for VWCE.DE.
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