ACWI vs. 8PSG.DE
ACWI (iShares MSCI ACWI ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - ACWI is a Global Equities fund tracking the MSCI All Country World Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, ACWI returned 10.88%/yr vs 18.60%/yr for 8PSG.DE. At a 0.19 correlation, their price movements are largely independent. ACWI charges 0.32%/yr vs 0.12%/yr for 8PSG.DE.
Performance
ACWI vs. 8PSG.DE - Performance Comparison
Loading charts...
Different Trading Currencies
ACWI is traded in USD, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWI achieves a 10.59% return, which is significantly higher than 8PSG.DE's 1.53% return.
ACWI
- 1D
- 0.41%
- 1M
- -0.11%
- YTD
- 10.59%
- 6M
- 11.34%
- 1Y
- 26.86%
- 3Y*
- 19.78%
- 5Y*
- 10.88%
- 10Y*
- 13.02%
8PSG.DE
- 1D
- 0.69%
- 1M
- -4.84%
- YTD
- 1.53%
- 6M
- 4.30%
- 1Y
- 31.64%
- 3Y*
- 31.51%
- 5Y*
- 18.60%
- 10Y*
- —
ACWI vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 10.59% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 27.59% |
8PSG.DE Invesco Physical Gold ETC | 1.53% | 68.18% | 26.61% | 12.89% | 1.11% | -4.38% | 16.65% |
Correlation
The correlation between ACWI and 8PSG.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.19 |
The correlation between ACWI and 8PSG.DE shifts across timeframes, from 0.19 (5 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ACWI vs. 8PSG.DE — Risk / Return Rank
ACWI
8PSG.DE
ACWI vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Invesco Physical Gold ETC (8PSG.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.
| ACWI | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.88 | +0.74 |
| Martin ratioReturn relative to average drawdown | 11.46 | 4.79 | +6.67 |
Loading charts...
Drawdowns
ACWI vs. 8PSG.DE - Drawdown Comparison
The maximum ACWI drawdown since its inception was -56.00%, which is greater than 8PSG.DE's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for ACWI and 8PSG.DE.
Loading charts...
Drawdown Indicators
| ACWI | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.00% | -21.38% | -34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -17.16% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -17.16% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -21.38% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -15.62% | +13.43% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -6.92% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 6.75% | -4.53% |
Volatility
ACWI vs. 8PSG.DE - Volatility Comparison
The current volatility for iShares MSCI ACWI ETF (ACWI) is 5.17%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 5.66%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ACWI | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 5.66% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 21.07% | -9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.42% | 24.33% | -10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 17.32% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 17.49% | -0.35% |
ACWI vs. 8PSG.DE - Expense Ratio Comparison
ACWI has a 0.32% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
ACWI vs. 8PSG.DE - Dividend Comparison
ACWI's dividend yield for the trailing twelve months is around 1.40%, while 8PSG.DE has not paid dividends to shareholders.
| 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% |
ACWI iShares MSCI ACWI ETF | 1.40% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
Frequently Asked Questions
ACWI and 8PSG.DE have a correlation of 0.29, 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 0.32% for ACWI.
ACWI is categorized as Global Equities, while 8PSG.DE is Gold. ACWI tracks MSCI All Country World Index, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.32% for ACWI and 0.12% for 8PSG.DE.
Find the right allocation for ACWI and 8PSG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer