IS0E.DE vs. 8PSE.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, IS0E.DE returned 19.77%/yr vs 15.46%/yr for 8PSE.DE. A 0.75 correlation means they provide meaningful diversification when combined. IS0E.DE charges 0.55%/yr vs 0.34%/yr for 8PSE.DE.
Performance
IS0E.DE vs. 8PSE.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 lower than 8PSE.DE's 0.15% 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%
8PSE.DE
- 1D
- 0.72%
- 1M
- -4.91%
- YTD
- 0.15%
- 6M
- 4.44%
- 1Y
- 29.12%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
IS0E.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | -11.80% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -2.18% | -5.81% | 2.14% |
Correlation
The correlation between IS0E.DE and 8PSE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.75 |
The correlation between IS0E.DE and 8PSE.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. 8PSE.DE — Risk / Return Rank
IS0E.DE
8PSE.DE
IS0E.DE vs. 8PSE.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 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.
| IS0E.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.60 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.56 | +1.61 |
| Martin ratioReturn relative to average drawdown | 5.45 | 2.31 | +3.14 |
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 | 8PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.16 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.17 | +0.40 |
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 | 0.16 | +0.01 |
Drawdowns
IS0E.DE vs. 8PSE.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, which is greater than 8PSE.DE's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and 8PSE.DE.
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Drawdown Indicators
| IS0E.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -50.81% | -20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -50.81% | +23.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -50.81% | +23.55% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -50.81% | +12.78% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | — | — |
Current DrawdownCurrent decline from peak | -22.93% | -16.31% | -6.62% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -10.13% | -23.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 12.27% | -1.42% |
Volatility
IS0E.DE vs. 8PSE.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) at 5.95%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier than 8PSE.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 | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 5.95% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 71.01% | -37.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 181.73% | -134.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 87.63% | -53.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 81.06% | -48.53% |
IS0E.DE vs. 8PSE.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
IS0E.DE vs. 8PSE.DE - Dividend Comparison
Neither IS0E.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and 8PSE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while 8PSE.DE is Gold. IS0E.DE tracks S&P Commodity Producers Gold, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IS0E.DE and 0.34% for 8PSE.DE.
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