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8PSG.DE vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between 8PSG.DE and ^GSPC is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

8PSG.DE vs. ^GSPC

Last updated Jun 1, 2025

Compare and contrast key facts about Invesco Physical Gold A (8PSG.DE) and S&P 500 (^GSPC).

8PSG.DE is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 8PSG.DE or ^GSPC.

Performance

8PSG.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Physical Gold A (8PSG.DE) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

8PSG.DE:

2.10

^GSPC:

0.66

Sortino Ratio

8PSG.DE:

2.88

^GSPC:

0.94

Omega Ratio

8PSG.DE:

1.38

^GSPC:

1.14

Calmar Ratio

8PSG.DE:

6.22

^GSPC:

0.60

Martin Ratio

8PSG.DE:

16.61

^GSPC:

2.28

Ulcer Index

8PSG.DE:

2.10%

^GSPC:

5.01%

Daily Std Dev

8PSG.DE:

16.07%

^GSPC:

19.77%

Max Drawdown

8PSG.DE:

-18.33%

^GSPC:

-56.78%

Current Drawdown

8PSG.DE:

-3.19%

^GSPC:

-3.78%

Returns By Period

In the year-to-date period, 8PSG.DE achieves a 15.47% return, which is significantly higher than ^GSPC's 0.51% return.

8PSG.DE

YTD

15.47%

1M

-0.61%

6M

14.89%

1Y

34.91%

3Y*

18.94%

5Y*

13.07%

10Y*

N/A

^GSPC

YTD

0.51%

1M

5.49%

6M

-2.00%

1Y

12.02%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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Invesco Physical Gold A

S&P 500

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

8PSG.DE vs. ^GSPC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
8PSG.DE
The Risk-Adjusted Performance Rank of 8PSG.DE is 9595
Overall Rank
The Sharpe Ratio Rank of 8PSG.DE is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of 8PSG.DE is 9494
Sortino Ratio Rank
The Omega Ratio Rank of 8PSG.DE is 9393
Omega Ratio Rank
The Calmar Ratio Rank of 8PSG.DE is 9898
Calmar Ratio Rank
The Martin Ratio Rank of 8PSG.DE is 9797
Martin Ratio Rank
^GSPC
The Risk-Adjusted Performance Rank of ^GSPC is 6363
Overall Rank
The Sharpe Ratio Rank of ^GSPC is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of ^GSPC is 5959
Sortino Ratio Rank
The Omega Ratio Rank of ^GSPC is 6262
Omega Ratio Rank
The Calmar Ratio Rank of ^GSPC is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ^GSPC is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

8PSG.DE vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (8PSG.DE) and S&P 500 (^GSPC). 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.

The current 8PSG.DE Sharpe Ratio is 2.10, which is higher than the ^GSPC Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of 8PSG.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

8PSG.DE vs. ^GSPC - Drawdown Comparison

The maximum 8PSG.DE drawdown since its inception was -18.33%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 8PSG.DE and ^GSPC.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

8PSG.DE vs. ^GSPC - Volatility Comparison

Invesco Physical Gold A (8PSG.DE) has a higher volatility of 5.88% compared to S&P 500 (^GSPC) at 4.77%. This indicates that 8PSG.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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