8PSG.DE vs. XSLE.DE
8PSG.DE (Invesco Physical Gold ETC) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while XSLE.DE is a Silver fund tracking the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 16.90%/yr for XSLE.DE. A 0.62 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.73%/yr for XSLE.DE.
Performance
8PSG.DE vs. XSLE.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 XSLE.DE's -5.59% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -3.62%
- YTD
- 2.72%
- 6M
- 6.15%
- 1Y
- 31.10%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
XSLE.DE
- 1D
- 0.53%
- 1M
- -4.78%
- YTD
- -5.59%
- 6M
- 23.30%
- 1Y
- 97.31%
- 3Y*
- 40.82%
- 5Y*
- 16.90%
- 10Y*
- —
8PSG.DE vs. XSLE.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% | -4.15% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -5.59% | 149.28% | 20.14% | -4.86% | 0.29% | -15.30% | 51.17% |
Correlation
The correlation between 8PSG.DE and XSLE.DE 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.62 |
The correlation between 8PSG.DE and XSLE.DE shifts across timeframes, from 0.61 (5 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
8PSG.DE vs. XSLE.DE — Risk / Return Rank
8PSG.DE
XSLE.DE
8PSG.DE vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.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 | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.51 | -0.69 |
| Martin ratioReturn relative to average drawdown | 4.60 | 5.40 | -0.80 |
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 | XSLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.84 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.48 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.64 | +0.40 |
Drawdowns
8PSG.DE vs. XSLE.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum XSLE.DE drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and XSLE.DE.
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Drawdown Indicators
| 8PSG.DE | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -42.43% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -41.35% | +24.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -41.35% | +24.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -41.35% | +24.80% |
Current DrawdownCurrent decline from peak | -15.00% | -36.50% | +21.50% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -18.29% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 19.25% | -12.71% |
Volatility
8PSG.DE vs. XSLE.DE - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a volatility of 17.13%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than XSLE.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 | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 17.13% | -12.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 53.94% | -33.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 56.40% | -33.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 35.13% | -19.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 35.05% | -18.92% |
8PSG.DE vs. XSLE.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
8PSG.DE vs. XSLE.DE - Dividend Comparison
Neither 8PSG.DE nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and XSLE.DE 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 0.73% for XSLE.DE.
8PSG.DE is categorized as Gold, while XSLE.DE is Silver. 8PSG.DE tracks LBMA Gold Price PM, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.12% for 8PSG.DE and 0.73% for XSLE.DE.
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