8PSG.DE vs. XSLR.DE
8PSG.DE (Invesco Physical Gold ETC) and XSLR.DE (Xtrackers IE Physical Silver ETC Securities) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while XSLR.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, 8PSG.DE returned 19.71%/yr vs 22.38%/yr for XSLR.DE. A 0.69 correlation means they provide meaningful diversification when combined. 8PSG.DE charges 0.12%/yr vs 0.20%/yr for XSLR.DE.
Performance
8PSG.DE vs. XSLR.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 XSLR.DE's -2.22% return.
8PSG.DE
- 1D
- 0.59%
- 1M
- -1.59%
- YTD
- 2.72%
- 6M
- 6.38%
- 1Y
- 30.20%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
XSLR.DE
- 1D
- 0.40%
- 1M
- 0.98%
- YTD
- -2.22%
- 6M
- 29.60%
- 1Y
- 110.52%
- 3Y*
- 42.16%
- 5Y*
- 22.38%
- 10Y*
- —
8PSG.DE vs. XSLR.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% | -1.96% |
XSLR.DE Xtrackers IE Physical Silver ETC Securities | -2.22% | 129.87% | 30.90% | -4.25% | 10.74% | -6.08% | 32.02% |
Correlation
The correlation between 8PSG.DE and XSLR.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020 | 0.69 |
The correlation between 8PSG.DE and XSLR.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. XSLR.DE — Risk / Return Rank
8PSG.DE
XSLR.DE
8PSG.DE vs. XSLR.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 ETC Securities (XSLR.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 | XSLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.85 | -1.03 |
| Martin ratioReturn relative to average drawdown | 4.60 | 6.15 | -1.55 |
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 | XSLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.02 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.66 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.75 | +0.29 |
Drawdowns
8PSG.DE vs. XSLR.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum XSLR.DE drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and XSLR.DE.
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Drawdown Indicators
| 8PSG.DE | XSLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -38.56% | +20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -38.56% | +22.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -38.56% | +22.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -38.56% | +22.01% |
Current DrawdownCurrent decline from peak | -15.00% | -33.47% | +18.47% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -12.27% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 17.90% | -11.36% |
Volatility
8PSG.DE vs. XSLR.DE - Volatility Comparison
The current volatility for Invesco Physical Gold ETC (8PSG.DE) is 5.09%, while Xtrackers IE Physical Silver ETC Securities (XSLR.DE) has a volatility of 16.38%. This indicates that 8PSG.DE experiences smaller price fluctuations and is considered to be less risky than XSLR.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 | XSLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 16.38% | -11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 51.92% | -31.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 54.45% | -31.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 33.34% | -17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 33.14% | -17.01% |
8PSG.DE vs. XSLR.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than XSLR.DE's 0.20% 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. XSLR.DE - Dividend Comparison
Neither 8PSG.DE nor XSLR.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSG.DE and XSLR.DE have a correlation of 0.72, 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 0.20% for XSLR.DE.
8PSG.DE is categorized as Gold, while XSLR.DE is Silver. 8PSG.DE tracks LBMA Gold Price PM, while XSLR.DE tracks LBMA Silver Price. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.12% for 8PSG.DE and 0.20% for XSLR.DE.
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