BATE.DE vs. 8PSG.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 18.68%/yr for 8PSG.DE. At a 0.04 correlation, their price movements are largely independent. BATE.DE charges 0.49%/yr vs 0.12%/yr for 8PSG.DE.
Performance
BATE.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly higher than 8PSG.DE's -5.74% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
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%
BATE.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 3.41% |
Correlation
The correlation between BATE.DE and 8PSG.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.04 |
Over the past year, BATE.DE and 8PSG.DE have become more correlated (0.36) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
BATE.DE vs. 8PSG.DE — Risk / Return Rank
BATE.DE
8PSG.DE
BATE.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) 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.
| BATE.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 1.06 | +5.61 |
| Martin ratioReturn relative to average drawdown | 22.65 | 2.46 | +20.19 |
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Drawdowns
BATE.DE vs. 8PSG.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, smaller than the maximum 8PSG.DE drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for BATE.DE and 8PSG.DE.
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Drawdown Indicators
| BATE.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -54.21% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -22.00% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -22.00% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -22.00% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -13.66% | -22.00% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -23.97% | +15.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 9.48% | -5.02% |
Volatility
BATE.DE vs. 8PSG.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to Invesco Physical Gold ETC (8PSG.DE) at 7.99%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATE.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 7.99% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 21.34% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 33.08% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 18.49% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 21.84% | +1.73% |
BATE.DE vs. 8PSG.DE - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
BATE.DE vs. 8PSG.DE - Dividend Comparison
Neither BATE.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and 8PSG.DE have a correlation of 0.36, 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 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while 8PSG.DE is Gold. BATE.DE tracks Solactive Battery Value-Chain Index, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for BATE.DE and 0.12% for 8PSG.DE.
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