HGGG.TO vs. 8PSG.DE

Last updated Jun 4, 2026

HGGG.TO (Harvest Global Gold Giants Index ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both Gold funds - HGGG.TO tracks the Solactive Global Gold Giants Index TR while 8PSG.DE tracks the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, HGGG.TO returned 25.53%/yr vs 21.84%/yr for 8PSG.DE. At a 0.46 correlation, their price movements are largely independent. HGGG.TO charges 0.40%/yr vs 0.12%/yr for 8PSG.DE.

Performance

HGGG.TO vs. 8PSG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Global Gold Giants Index ETF (HGGG.TO) and Invesco Physical Gold ETC (8PSG.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HGGG.TO is traded in CAD, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HGGG.TO achieves a 0.08% return, which is significantly lower than 8PSG.DE's 2.36% return.

HGGG.TO

• 1D: -2.10%
• 1M: 2.94%
• YTD: 0.08%
• 6M: 7.32%
• 1Y: 75.09%
• 3Y*: 48.72%
• 5Y*: 25.53%
• 10Y*: —

8PSG.DE

• 1D: -1.08%
• 1M: -0.07%
• YTD: 2.36%
• 6M: 4.61%
• 1Y: 34.12%
• 3Y*: 32.74%
• 5Y*: 21.84%
• 10Y*: —

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

HGGG.TO vs. 8PSG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HGGG.TO Harvest Global Gold Giants Index ETF	0.08%	170.60%	26.04%	4.17%	-4.68%	-14.34%	33.03%
8PSG.DE Invesco Physical Gold ETC	2.36%	60.47%	37.23%	10.40%	7.48%	-4.49%	12.97%

Correlation

The correlation between HGGG.TO and 8PSG.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020	0.46

The correlation between HGGG.TO and 8PSG.DE shifts across timeframes, from 0.43 (5 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HGGG.TO vs. 8PSG.DE — Risk / Return Rank

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

HGGG.TO

HGGG.TO Risk / Return Rank: 45
HGGG.TO Sharpe Ratio Rank: 49
HGGG.TO Sortino Ratio Rank: 42
HGGG.TO Omega Ratio Rank: 47
HGGG.TO Calmar Ratio Rank: 48
HGGG.TO Martin Ratio Rank: 39

8PSG.DE

8PSG.DE Risk / Return Rank: 34
8PSG.DE Sharpe Ratio Rank: 35
8PSG.DE Sortino Ratio Rank: 32
8PSG.DE Omega Ratio Rank: 38
8PSG.DE Calmar Ratio Rank: 36
8PSG.DE Martin Ratio Rank: 31

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.

HGGG.TO vs. 8PSG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Global Gold Giants Index ETF (HGGG.TO) 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.

	HGGG.TO	8PSG.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.47	+0.22
Sortino ratio: Return per unit of downside risk	2.13	1.94	+0.18
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.36	2.02	+0.33
Martin ratio: Return relative to average drawdown	6.11	5.31	+0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGGG.TO vs. 8PSG.DE - Sharpe Ratio Comparison

The current HGGG.TO Sharpe Ratio is 1.69, which is comparable to the 8PSG.DE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of HGGG.TO 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.

Sharpe Ratios by Period

	HGGG.TO	8PSG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.47	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	1.32	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.09	-0.36

Drawdowns

HGGG.TO vs. 8PSG.DE - Drawdown Comparison

The maximum HGGG.TO drawdown since its inception was -51.54%, which is greater than 8PSG.DE's maximum drawdown of -22.51%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and 8PSG.DE.

Drawdown Indicators

	HGGG.TO	8PSG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-22.51%	-29.03%
Max Drawdown (1Y) Largest decline over 1 year	-31.16%	-16.80%	-14.36%
Max Drawdown (3Y) Largest decline over 3 years	-31.16%	-16.80%	-14.36%
Max Drawdown (5Y) Largest decline over 5 years	-39.14%	-17.55%	-21.59%
Current Drawdown Current decline from peak	-24.96%	-14.74%	-10.22%
Average Drawdown Average peak-to-trough decline	-20.17%	-7.94%	-12.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.00%	6.41%	+5.59%

Volatility

HGGG.TO vs. 8PSG.DE - Volatility Comparison

Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 13.86% compared to Invesco Physical Gold ETC (8PSG.DE) at 5.92%. This indicates that HGGG.TO'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.

Volatility by Period

	HGGG.TO	8PSG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.86%	5.92%	+7.94%
Volatility (6M) Calculated over the trailing 6-month period	34.80%	19.84%	+14.96%
Volatility (1Y) Calculated over the trailing 1-year period	43.96%	23.17%	+20.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.54%	16.34%	+16.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.64%	16.74%	+15.90%

HGGG.TO vs. 8PSG.DE - Expense Ratio Comparison

HGGG.TO has a 0.40% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.

Dividends

HGGG.TO vs. 8PSG.DE - Dividend Comparison

Neither HGGG.TO nor 8PSG.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
8PSG.DE Invesco Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HGGG.TO Harvest Global Gold Giants Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.54%	2.65%	0.54%

Frequently Asked Questions

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

HGGG.TO and 8PSG.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HGGG.TO 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, HGGG.TO or 8PSG.DE?

8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for HGGG.TO.

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

HGGG.TO tracks Solactive Global Gold Giants Index TR, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: Harvest and Invesco. Their fees differ too: 0.40% for HGGG.TO and 0.12% for 8PSG.DE.