IBTM vs. 8PSG.DE
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - IBTM is a Intermediate Core Bond fund tracking the ICE 2032 Maturity US Treasury Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, IBTM returned 2.74%/yr vs 31.51%/yr for 8PSG.DE. At a 0.29 correlation, their price movements are largely independent. IBTM charges 0.07%/yr vs 0.12%/yr for 8PSG.DE.
Performance
IBTM vs. 8PSG.DE - Performance Comparison
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Different Trading Currencies
IBTM is traded in USD, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTM achieves a -0.36% return, which is significantly lower than 8PSG.DE's 1.54% return.
IBTM
- 1D
- 0.13%
- 1M
- -0.11%
- YTD
- -0.36%
- 6M
- -0.38%
- 1Y
- 3.43%
- 3Y*
- 2.74%
- 5Y*
- —
- 10Y*
- —
8PSG.DE
- 1D
- 0.71%
- 1M
- -2.26%
- YTD
- 1.54%
- 6M
- 6.08%
- 1Y
- 32.43%
- 3Y*
- 31.51%
- 5Y*
- 18.60%
- 10Y*
- —
IBTM vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.36% | 8.06% | -0.14% | 3.48% | -4.63% |
8PSG.DE Invesco Physical Gold ETC | 1.54% | 68.18% | 26.61% | 12.89% | 4.44% |
Correlation
The correlation between IBTM and 8PSG.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.29 |
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Return for Risk
IBTM vs. 8PSG.DE — Risk / Return Rank
IBTM
8PSG.DE
IBTM vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) 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.
| IBTM | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.88 | -0.83 |
| Martin ratioReturn relative to average drawdown | 3.04 | 4.79 | -1.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTM | 8PSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.33 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.01 | -0.80 |
Drawdowns
IBTM vs. 8PSG.DE - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, smaller than the maximum 8PSG.DE drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for IBTM and 8PSG.DE.
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Drawdown Indicators
| IBTM | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -21.38% | +7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -17.16% | +13.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -17.16% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Current DrawdownCurrent decline from peak | -2.25% | -15.61% | +13.36% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -6.92% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 6.75% | -5.62% |
Volatility
IBTM vs. 8PSG.DE - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is 1.20%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 5.66%. This indicates that IBTM 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
| IBTM | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 5.66% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 21.07% | -18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 24.33% | -20.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 17.32% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 17.49% | -9.94% |
IBTM vs. 8PSG.DE - Expense Ratio Comparison
IBTM has a 0.07% expense ratio, which is lower than 8PSG.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTM vs. 8PSG.DE - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.95%, while 8PSG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
Frequently Asked Questions
IBTM and 8PSG.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.12% for 8PSG.DE.
IBTM is categorized as Intermediate Core Bond, while 8PSG.DE is Gold. IBTM tracks ICE 2032 Maturity US Treasury Index, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IBTM and 0.12% for 8PSG.DE.
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