FWEA.DE vs. 8PSG.DE

Last updated Jul 25, 2026

FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, FWEA.DE returned 16.41%/yr vs 27.03%/yr for 8PSG.DE. Their 0.15 correlation means their historical movements had little consistent relationship. FWEA.DE charges 0.20%/yr vs 0.12%/yr for 8PSG.DE.

Performance

FWEA.DE vs. 8PSG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) and Invesco Physical Gold ETC (8PSG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWEA.DE achieves a 8.45% return, which is significantly higher than 8PSG.DE's -4.96% return.

FWEA.DE

• 1D: 0.00%
• 1M: -0.44%
• 6M: 6.99%
• YTD: 8.45%
• 1Y: 17.87%
• 3Y*: 16.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.68%

8PSG.DE

• 1D: 0.00%
• 1M: -0.57%
• 6M: -15.98%
• YTD: -4.96%
• 1Y: 25.24%
• 3Y*: 27.03%
• 5Y*: 18.25%
• 10Y*: 11.28%
• ALL TIME*: 7.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
8PSG.DE Invesco Physical Gold ETC	€4.61M	€4.22M	€4.86M
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	€57.66K	€54.90K	€103.47K

FWEA.DE vs. 8PSG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	8.45%	17.53%	19.21%	8.62%
8PSG.DE Invesco Physical Gold ETC	-4.96%	48.98%	44.76%	0.00%

Correlation

The correlation between FWEA.DE and 8PSG.DE is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.15

Over the past year, FWEA.DE and 8PSG.DE have become more correlated (0.35) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

FWEA.DE vs. 8PSG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWEA.DE

FWEA.DE Risk / Return Rank: 66
FWEA.DE Sharpe Ratio Rank: 64
FWEA.DE Sortino Ratio Rank: 68
FWEA.DE Omega Ratio Rank: 65
FWEA.DE Calmar Ratio Rank: 61
FWEA.DE Martin Ratio Rank: 70

8PSG.DE

8PSG.DE Risk / Return Rank: 32
8PSG.DE Sharpe Ratio Rank: 30
8PSG.DE Sortino Ratio Rank: 30
8PSG.DE Omega Ratio Rank: 40
8PSG.DE Calmar Ratio Rank: 32
8PSG.DE Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWEA.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.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.

	FWEA.DE	8PSG.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.72	+0.75
Sortino ratio: Return per unit of downside risk	2.22	1.13	+1.08
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	2.15	1.07	+1.08
Martin ratio: Return relative to average drawdown	8.63	2.14	+6.49

FWEA.DE vs. 8PSG.DE - Sharpe Ratio Comparison

The current FWEA.DE Sharpe Ratio is 1.47, which is higher than the 8PSG.DE Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FWEA.DE and 8PSG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FWEA.DE vs. 8PSG.DE - Drawdown Comparison

The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum 8PSG.DE drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and 8PSG.DE.

Drawdown Indicators

	FWEA.DE	8PSG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.48%	-54.21%	+36.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-22.56%	+14.28%
Max Drawdown (3Y) Largest decline over 3 years	-17.48%	-22.56%	+5.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.56%	—
Current Drawdown Current decline from peak	-2.77%	-21.36%	+18.59%
Average Drawdown Average peak-to-trough decline	-1.85%	-23.95%	+22.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	11.28%	-9.22%

Volatility

FWEA.DE vs. 8PSG.DE - Volatility Comparison

The current volatility for Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) is 3.25%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 6.25%. This indicates that FWEA.DE 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.

Volatility by Period

	FWEA.DE	8PSG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	6.25%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	21.10%	-11.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	33.51%	-21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.74%	18.65%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.74%	21.89%	-9.15%

FWEA.DE vs. 8PSG.DE - Expense Ratio Comparison

FWEA.DE has a 0.20% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FWEA.DE vs. 8PSG.DE - Dividend Comparison

Neither FWEA.DE nor 8PSG.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FWEA.DE and 8PSG.DE in my portfolio?

FWEA.DE and 8PSG.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.

Which ETF is better, FWEA.DE or 8PSG.DE?

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.

Which ETF is cheaper, FWEA.DE or 8PSG.DE?

8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for FWEA.DE.

What is the main difference between FWEA.DE and 8PSG.DE?

FWEA.DE is categorized as Global Equities, while 8PSG.DE is Gold. FWEA.DE tracks FTSE All-World Index, while 8PSG.DE tracks LBMA Gold Price PM. Their fees differ too: 0.20% for FWEA.DE and 0.12% for 8PSG.DE.