8PSG.DE vs. YGLD.DE
8PSG.DE (Invesco Physical Gold ETC) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. 8PSG.DE is passively managed, while YGLD.DE is actively managed. Over the past year, 8PSG.DE returned 23.34% vs 13.12% for YGLD.DE. Their correlation of 0.83 suggests significant overlap in exposure. 8PSG.DE charges 0.12%/yr vs 0.35%/yr for YGLD.DE.
Performance
8PSG.DE vs. YGLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSG.DE achieves a -5.74% return, which is significantly higher than YGLD.DE's -11.04% 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%
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
8PSG.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 0.25% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between 8PSG.DE and YGLD.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.83 |
The correlation between 8PSG.DE and YGLD.DE has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
8PSG.DE vs. YGLD.DE — Risk / Return Rank
8PSG.DE
YGLD.DE
8PSG.DE vs. YGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (8PSG.DE) and IncomeShares Gold + Yield ETP (YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.62 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.46 | 1.35 | +1.11 |
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Drawdowns
8PSG.DE vs. YGLD.DE - Drawdown Comparison
The maximum 8PSG.DE drawdown since its inception was -54.21%, which is greater than YGLD.DE's maximum drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and YGLD.DE.
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Drawdown Indicators
| 8PSG.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -21.11% | -33.10% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -21.11% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -22.00% | -20.51% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -6.04% | -17.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 9.70% | -0.22% |
Volatility
8PSG.DE vs. YGLD.DE - Volatility Comparison
Invesco Physical Gold ETC (8PSG.DE) has a higher volatility of 7.99% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 6.70% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 18.31% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 30.24% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 26.52% | -8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 26.52% | -4.68% |
8PSG.DE vs. YGLD.DE - Expense Ratio Comparison
8PSG.DE has a 0.12% expense ratio, which is lower than YGLD.DE's 0.35% expense ratio.
Dividends
8PSG.DE vs. YGLD.DE - Dividend Comparison
8PSG.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 |
|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% |
Frequently Asked Questions
8PSG.DE and YGLD.DE have a correlation of 0.82, 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 0.35% for YGLD.DE.
8PSG.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.12% for 8PSG.DE and 0.35% for YGLD.DE.
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