IS0E.DE vs. 8PSG.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both Gold funds - IS0E.DE tracks the S&P Commodity Producers Gold while 8PSG.DE tracks the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, IS0E.DE returned 11.57%/yr vs 11.15%/yr for 8PSG.DE. Their 0.62 correlation means they have sometimes moved together and sometimes differently. IS0E.DE charges 0.55%/yr vs 0.12%/yr for 8PSG.DE.
Performance
IS0E.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -1.57% return, which is significantly higher than 8PSG.DE's -5.50% return. Both investments have delivered pretty close results over the past 10 years, with IS0E.DE having a 11.57% annualized return and 8PSG.DE not far behind at 11.15%.
IS0E.DE
- 1D
- 8.14%
- 1M
- 6.43%
- 6M
- -9.97%
- YTD
- -1.57%
- 1Y
- 52.55%
- 3Y*
- 42.04%
- 5Y*
- 22.20%
- 10Y*
- 11.57%
- ALL TIME*
- 1.98%
8PSG.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.21%
- YTD
- -5.50%
- 1Y
- 21.03%
- 3Y*
- 26.78%
- 5Y*
- 18.64%
- 10Y*
- 11.15%
- ALL TIME*
- 7.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | €4.87M | €4.72M | €4.73M |
| €2.49M | €3.53M | €5.52M |
IS0E.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -1.57% | 129.59% | 18.76% | 6.25% | -3.74% | -3.07% | 13.51% | 44.07% | -4.43% | -6.02% |
8PSG.DE Invesco Physical Gold ETC | -5.50% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
Correlation
The correlation between IS0E.DE and 8PSG.DE is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.62 |
The correlation between IS0E.DE and 8PSG.DE shifts across timeframes, from 0.60 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0E.DE vs. 8PSG.DE — Risk / Return Rank
IS0E.DE
8PSG.DE
IS0E.DE vs. 8PSG.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 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.
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.
| IS0E.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.93 | +0.54 |
| Martin ratioReturn relative to average drawdown | 3.18 | 1.76 | +1.42 |
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Drawdowns
IS0E.DE vs. 8PSG.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -82.14%, which is greater than 8PSG.DE's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and 8PSG.DE.
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Drawdown Indicators
| IS0E.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.14% | -54.21% | -27.93% |
Max Drawdown (1Y)Largest decline over 1 year | -35.48% | -22.56% | -12.92% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | -22.56% | -12.92% |
Max Drawdown (5Y)Largest decline over 5 years | -38.05% | -22.56% | -15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | -22.56% | -22.91% |
Current DrawdownCurrent decline from peak | -24.10% | -21.81% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -53.84% | -23.95% | -29.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 11.93% | +4.53% |
Volatility
IS0E.DE vs. 8PSG.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 14.56% compared to Invesco Physical Gold ETC (8PSG.DE) at 5.97%. This indicates that IS0E.DE'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.
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Volatility by Period
| IS0E.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 5.97% | +8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 35.02% | 18.11% | +16.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.87% | 33.51% | +12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.49% | 18.68% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 21.90% | +10.56% |
IS0E.DE vs. 8PSG.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
IS0E.DE vs. 8PSG.DE - Dividend Comparison
Neither IS0E.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and 8PSG.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE tracks S&P Commodity Producers Gold, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IS0E.DE and 0.12% for 8PSG.DE.
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