HDLV.DE vs. 8PSG.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - HDLV.DE is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Net Total Return Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, HDLV.DE returned 6.38%/yr vs 11.27%/yr for 8PSG.DE. Their 0.03 correlation means their historical movements had little consistent relationship. HDLV.DE charges 0.30%/yr vs 0.12%/yr for 8PSG.DE.
Performance
HDLV.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 16.59% return, which is significantly higher than 8PSG.DE's -4.51% return. Over the past 10 years, HDLV.DE has underperformed 8PSG.DE with an annualized return of 6.38%, while 8PSG.DE has yielded a comparatively higher 11.27% annualized return.
HDLV.DE
- 1D
- 0.63%
- 1M
- 3.21%
- 6M
- 14.46%
- YTD
- 16.59%
- 1Y
- 17.19%
- 3Y*
- 10.30%
- 5Y*
- 8.35%
- 10Y*
- 6.38%
- ALL TIME*
- 6.86%
8PSG.DE
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- -16.30%
- YTD
- -4.51%
- 1Y
- 25.83%
- 3Y*
- 27.23%
- 5Y*
- 18.46%
- 10Y*
- 11.27%
- ALL TIME*
- 7.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | €4.61M | €4.16M | €4.78M |
| €778.38K | €756.30K | €815.43K |
HDLV.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 16.59% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | -2.34% |
8PSG.DE Invesco Physical Gold ETC | -4.51% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
Correlation
The correlation between HDLV.DE and 8PSG.DE is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.03 |
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Return for Risk
HDLV.DE vs. 8PSG.DE — Risk / Return Rank
HDLV.DE
8PSG.DE
HDLV.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.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.
| HDLV.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.15 | +1.46 |
| Martin ratioReturn relative to average drawdown | 6.64 | 2.28 | +4.37 |
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Drawdowns
HDLV.DE vs. 8PSG.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, smaller than the maximum 8PSG.DE drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and 8PSG.DE.
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Drawdown Indicators
| HDLV.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -54.21% | +15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -22.56% | +16.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -22.56% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -22.56% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -22.56% | -16.65% |
Current DrawdownCurrent decline from peak | 0.00% | -20.99% | +20.99% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -23.95% | +15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 11.35% | -8.77% |
Volatility
HDLV.DE vs. 8PSG.DE - Volatility Comparison
The current volatility for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) is 3.85%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 6.14%. This indicates that HDLV.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.
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Volatility by Period
| HDLV.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 6.14% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 21.09% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 33.52% | -22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 18.66% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 21.90% | -4.78% |
HDLV.DE vs. 8PSG.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
HDLV.DE vs. 8PSG.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.36%, 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% |
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.36% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
Frequently Asked Questions
HDLV.DE and 8PSG.DE have a correlation of -0.05, 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 0.30% for HDLV.DE.
HDLV.DE is categorized as Dividend, while 8PSG.DE is Gold. HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while 8PSG.DE tracks LBMA Gold Price PM. Their fees differ too: 0.30% for HDLV.DE and 0.12% for 8PSG.DE.
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