8PSG.DE vs. WGLD.DE
8PSG.DE (Invesco Physical Gold ETC) and WGLD.DE (WisdomTree Core Physical Gold) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while WGLD.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 19.71%/yr for WGLD.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
8PSG.DE vs. WGLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 8PSG.DE having a 2.72% return and WGLD.DE slightly higher at 2.75%.
8PSG.DE
- 1D
- 0.59%
- 1M
- -3.62%
- YTD
- 2.72%
- 6M
- 6.15%
- 1Y
- 31.10%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
WGLD.DE
- 1D
- 0.59%
- 1M
- -3.62%
- YTD
- 2.75%
- 6M
- 6.18%
- 1Y
- 31.13%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
8PSG.DE vs. WGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 9.67% |
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.65% |
Correlation
The correlation between 8PSG.DE and WGLD.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.99 |
The correlation between 8PSG.DE and WGLD.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. WGLD.DE — Risk / Return Rank
8PSG.DE
WGLD.DE
8PSG.DE vs. WGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and WisdomTree Core Physical Gold (WGLD.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.
| 8PSG.DE | WGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.81 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.60 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 8PSG.DE | WGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.30 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.21 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.27 | -0.23 |
Drawdowns
8PSG.DE vs. WGLD.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, which is greater than WGLD.DE's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and WGLD.DE.
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Drawdown Indicators
| 8PSG.DE | WGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -16.58% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -16.58% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -16.58% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -16.58% | +0.03% |
Current DrawdownCurrent decline from peak | -15.00% | -14.99% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -4.27% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.54% | 0.00% |
Volatility
8PSG.DE vs. WGLD.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) and WisdomTree Core Physical Gold (WGLD.DE) have volatilities of 5.09% and 5.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 8PSG.DE | WGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.05% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 20.18% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 23.13% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.05% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.88% | +0.25% |
8PSG.DE vs. WGLD.DE - Expense Ratio Comparison
Both 8PSG.DE and WGLD.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
8PSG.DE vs. WGLD.DE - Dividend Comparison
Neither 8PSG.DE nor WGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, 8PSG.DE and WGLD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE and WGLD.DE have the same expense ratio: 0.12% per year.
8PSG.DE is categorized as Gold, while WGLD.DE is Precious Metals. 8PSG.DE tracks LBMA Gold Price PM, while WGLD.DE tracks Gold. They also come from different issuers: Invesco and WisdomTree.
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