IGLD.DE vs. 8PSE.DE
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both Gold funds - IGLD.DE tracks the Gold (EUR Hedged) while 8PSE.DE tracks the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 3 years, IGLD.DE returned 24.45%/yr vs 22.39%/yr for 8PSE.DE. At a 0.42 correlation, their price movements are largely independent. IGLD.DE charges 0.25%/yr vs 0.34%/yr for 8PSE.DE.
Performance
IGLD.DE vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD.DE achieves a -10.31% return, which is significantly lower than 8PSE.DE's 83.34% return.
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
8PSE.DE
- 1D
- -3.05%
- 1M
- -11.31%
- YTD
- 83.34%
- 6M
- 83.34%
- 1Y
- 83.34%
- 3Y*
- 22.39%
- 5Y*
- 12.89%
- 10Y*
- —
IGLD.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -10.31% | 63.04% | 24.54% | 10.49% | -0.31% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 83.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Correlation
The correlation between IGLD.DE and 8PSE.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.42 |
Over the past year, IGLD.DE and 8PSE.DE have become more correlated (0.75) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
IGLD.DE vs. 8PSE.DE — Risk / Return Rank
IGLD.DE
8PSE.DE
IGLD.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.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.
| IGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.97 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.73 | -1.06 |
| Martin ratioReturn relative to average drawdown | 1.95 | 3.70 | -1.76 |
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Drawdowns
IGLD.DE vs. 8PSE.DE - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -25.14%, smaller than the maximum 8PSE.DE drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and 8PSE.DE.
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Drawdown Indicators
| IGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -47.85% | +22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -47.85% | +22.71% |
Max Drawdown (3Y)Largest decline over 3 years | -25.14% | -47.85% | +22.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.85% | — |
Current DrawdownCurrent decline from peak | -25.14% | -25.16% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -9.84% | +5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.71% | 22.43% | -13.72% |
Volatility
IGLD.DE vs. 8PSE.DE - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) have volatilities of 9.09% and 9.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 9.10% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 76.34% | -53.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 150.14% | -124.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 67.03% | -48.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 61.70% | -43.44% |
IGLD.DE vs. 8PSE.DE - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than 8PSE.DE's 0.34% expense ratio.
Dividends
IGLD.DE vs. 8PSE.DE - Dividend Comparison
Neither IGLD.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IGLD.DE and 8PSE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLD.DE is cheaper with a 0.25% expense ratio, compared with 0.34% for 8PSE.DE.
IGLD.DE tracks Gold (EUR Hedged), while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IGLD.DE and 0.34% for 8PSE.DE.
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