ESGP.DE vs. 8PSE.DE
ESGP.DE (Gold Miners Screened UCITS ETF) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both Gold funds - ESGP.DE tracks the VettaFi Gold Miners Screened Index while 8PSE.DE tracks the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 3 years, ESGP.DE returned 10.79%/yr vs 23.05%/yr for 8PSE.DE. At a 0.14 correlation, their price movements are largely independent. ESGP.DE charges 0.60%/yr vs 0.34%/yr for 8PSE.DE.
Performance
ESGP.DE vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGP.DE achieves a 11.07% return, which is significantly lower than 8PSE.DE's 86.30% return.
ESGP.DE
- 1D
- 0.00%
- 1M
- 3.62%
- 6M
- 9.14%
- YTD
- 11.07%
- 1Y
- 15.42%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
8PSE.DE
- 1D
- 1.56%
- 1M
- -6.56%
- 6M
- -13.20%
- YTD
- 86.30%
- 1Y
- 86.30%
- 3Y*
- 23.05%
- 5Y*
- 13.25%
- 10Y*
- —
ESGP.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGP.DE Gold Miners Screened UCITS ETF | 11.07% | 5.79% | 12.94% | 2.10% | -2.36% | 2.90% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 86.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Correlation
The correlation between ESGP.DE and 8PSE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.14 |
Over the past year, ESGP.DE and 8PSE.DE have become more correlated (0.35) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
ESGP.DE vs. 8PSE.DE — Risk / Return Rank
ESGP.DE
8PSE.DE
ESGP.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Miners Screened UCITS ETF (ESGP.DE) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.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.
| ESGP.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.93 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.79 | +0.66 |
| Martin ratioReturn relative to average drawdown | 6.94 | 3.72 | +3.22 |
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Drawdowns
ESGP.DE vs. 8PSE.DE - Drawdown Comparison
The maximum ESGP.DE drawdown since its inception was -20.50%, smaller than the maximum 8PSE.DE drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for ESGP.DE and 8PSE.DE.
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Drawdown Indicators
| ESGP.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -47.85% | +27.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -47.85% | +41.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.50% | -47.85% | +27.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.85% | — |
Current DrawdownCurrent decline from peak | 0.00% | -23.96% | +23.96% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -9.97% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 23.12% | -20.89% |
Volatility
ESGP.DE vs. 8PSE.DE - Volatility Comparison
The current volatility for Gold Miners Screened UCITS ETF (ESGP.DE) is 2.19%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 7.46%. This indicates that ESGP.DE experiences smaller price fluctuations and is considered to be less risky than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGP.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 7.46% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 22.87% | -13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 150.23% | -138.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 67.07% | -52.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 61.45% | -47.01% |
ESGP.DE vs. 8PSE.DE - Expense Ratio Comparison
ESGP.DE has a 0.60% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
ESGP.DE vs. 8PSE.DE - Dividend Comparison
Neither ESGP.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGP.DE and 8PSE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.60% for ESGP.DE.
ESGP.DE tracks VettaFi Gold Miners Screened Index, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: HANetf and Invesco. Their fees differ too: 0.60% for ESGP.DE and 0.34% for 8PSE.DE.
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