IS0E.DE vs. 8PSB.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and 8PSB.DE (Invesco Physical Silver ETC) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, while 8PSB.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, IS0E.DE returned 38.14%/yr vs 42.18%/yr for 8PSB.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS0E.DE charges 0.55%/yr vs 0.19%/yr for 8PSB.DE.
Performance
IS0E.DE vs. 8PSB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly higher than 8PSB.DE's -2.37% return.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
8PSB.DE
- 1D
- 0.37%
- 1M
- -3.45%
- YTD
- -2.37%
- 6M
- 26.56%
- 1Y
- 103.63%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
IS0E.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -2.32% |
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 10.64% | -7.65% |
Correlation
The correlation between IS0E.DE and 8PSB.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.72 |
The correlation between IS0E.DE and 8PSB.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. 8PSB.DE — Risk / Return Rank
IS0E.DE
8PSB.DE
IS0E.DE vs. 8PSB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and Invesco Physical Silver ETC (8PSB.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.
| IS0E.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.85 | -0.68 |
| Martin ratioReturn relative to average drawdown | 5.45 | 6.09 | -0.64 |
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
| IS0E.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.89 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.68 | -0.50 |
Drawdowns
IS0E.DE vs. 8PSB.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, which is greater than 8PSB.DE's maximum drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and 8PSB.DE.
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Drawdown Indicators
| IS0E.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -38.62% | -33.01% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -38.62% | +11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -38.62% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | — | — |
Current DrawdownCurrent decline from peak | -22.93% | -33.51% | +10.58% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -11.18% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 18.07% | -7.22% |
Volatility
IS0E.DE vs. 8PSB.DE - Volatility Comparison
The current volatility for iShares Gold Producers UCITS ETF (IS0E.DE) is 12.84%, while Invesco Physical Silver ETC (8PSB.DE) has a volatility of 16.36%. This indicates that IS0E.DE experiences smaller price fluctuations and is considered to be less risky than 8PSB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0E.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 16.36% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 51.95% | -18.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 58.17% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 34.63% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 34.63% | -2.10% |
IS0E.DE vs. 8PSB.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
IS0E.DE vs. 8PSB.DE - Dividend Comparison
Neither IS0E.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and 8PSB.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while 8PSB.DE is Silver. IS0E.DE tracks S&P Commodity Producers Gold, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IS0E.DE and 0.19% for 8PSB.DE.
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