8PSG.DE vs. XMMO

Last updated Jun 26, 2026

8PSG.DE (Invesco Physical Gold ETC) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, 8PSG.DE returned 11.21%/yr vs 20.24%/yr for XMMO. At a 0.04 correlation, their price movements are largely independent. 8PSG.DE charges 0.12%/yr vs 0.35%/yr for XMMO.

Performance

8PSG.DE vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Physical Gold ETC (8PSG.DE) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

8PSG.DE is traded in EUR, while XMMO is traded in USD. To make them comparable, the XMMO 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 -5.74% return, which is significantly lower than XMMO's 28.14% return. Over the past 10 years, 8PSG.DE has underperformed XMMO with an annualized return of 11.21%, while XMMO has yielded a comparatively higher 20.24% annualized return.

8PSG.DE

• 1D: 0.00%
• 1M: -8.94%
• YTD: -5.74%
• 6M: -6.86%
• 1Y: 23.34%
• 3Y*: 26.68%
• 5Y*: 18.68%
• 10Y*: 11.21%

XMMO

• 1D: 1.21%
• 1M: 3.51%
• YTD: 28.14%
• 6M: 25.63%
• 1Y: 40.33%
• 3Y*: 29.48%
• 5Y*: 17.05%
• 10Y*: 20.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

8PSG.DE vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
8PSG.DE Invesco Physical Gold ETC	-5.74%	48.98%	44.76%	0.00%	8.62%	3.81%	12.94%	20.91%	2.90%	-1.90%
XMMO Invesco S&P MidCap Momentum ETF	28.14%	-0.37%	47.14%	16.78%	-10.81%	25.42%	18.52%	39.87%	11.10%	20.33%

Correlation

The correlation between 8PSG.DE and XMMO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009	0.04

The correlation between 8PSG.DE and XMMO shifts across timeframes, from 0.02 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

8PSG.DE vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

8PSG.DE

8PSG.DE Risk / Return Rank: 24
8PSG.DE Sharpe Ratio Rank: 22
8PSG.DE Sortino Ratio Rank: 21
8PSG.DE Omega Ratio Rank: 30
8PSG.DE Calmar Ratio Rank: 24
8PSG.DE Martin Ratio Rank: 22

XMMO

XMMO Risk / Return Rank: 74
XMMO Sharpe Ratio Rank: 66
XMMO Sortino Ratio Rank: 64
XMMO Omega Ratio Rank: 62
XMMO Calmar Ratio Rank: 88
XMMO Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

8PSG.DE vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Invesco S&P MidCap Momentum ETF (XMMO). 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	XMMO	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.08	-1.38
Sortino ratio: Return per unit of downside risk	1.11	2.78	-1.66
Omega ratio: Gain probability vs. loss probability	1.19	1.36	-0.17
Calmar ratio: Return relative to maximum drawdown	1.06	6.22	-5.16
Martin ratio: Return relative to average drawdown	2.46	19.07	-16.61

8PSG.DE vs. XMMO - Sharpe Ratio Comparison

The current 8PSG.DE Sharpe Ratio is 0.71, which is lower than the XMMO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of 8PSG.DE and XMMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

8PSG.DE vs. XMMO - Drawdown Comparison

The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than XMMO's maximum drawdown of -48.90%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and XMMO.

Drawdown Indicators

	8PSG.DE	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-54.21%	-48.90%	-5.31%
Max Drawdown (1Y) Largest decline over 1 year	-22.00%	-6.52%	-15.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-28.44%	+6.44%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-28.44%	+6.44%
Max Drawdown (10Y) Largest decline over 10 years	-22.00%	-36.28%	+14.28%
Current Drawdown Current decline from peak	-22.00%	-1.04%	-20.96%
Average Drawdown Average peak-to-trough decline	-23.97%	-9.80%	-14.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.48%	2.12%	+7.36%

Volatility

8PSG.DE vs. XMMO - Volatility Comparison

Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 7.99% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 7.48%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	8PSG.DE	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	7.48%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	21.34%	15.77%	+5.57%
Volatility (1Y) Calculated over the trailing 1-year period	33.08%	19.48%	+13.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.49%	21.20%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	22.59%	-0.75%

8PSG.DE vs. XMMO - Expense Ratio Comparison

8PSG.DE has a 0.12% expense ratio, which is lower than XMMO's 0.35% expense ratio.

Dividends

8PSG.DE vs. XMMO - Dividend Comparison

8PSG.DE has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
8PSG.DE Invesco Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMMO Invesco S&P MidCap Momentum ETF	0.56%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both 8PSG.DE and XMMO in my portfolio?

8PSG.DE and XMMO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 8PSG.DE or XMMO?

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.

Which ETF is cheaper, 8PSG.DE or XMMO?

8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for XMMO.

What is the main difference between 8PSG.DE and XMMO?

8PSG.DE is categorized as Gold, while XMMO is Momentum. 8PSG.DE tracks LBMA Gold Price PM, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.12% for 8PSG.DE and 0.35% for XMMO.