ISX5.L vs. 8PSE.DE
ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, ISX5.L returned 10.63%/yr vs 14.39%/yr for 8PSE.DE. At a 0.34 correlation, their price movements are largely independent. ISX5.L charges 0.00%/yr vs 0.34%/yr for 8PSE.DE.
Performance
ISX5.L vs. 8PSE.DE - Performance Comparison
Loading charts...
Different Trading Currencies
ISX5.L is traded in USD, while 8PSE.DE is traded in EUR. To make them comparable, the 8PSE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISX5.L achieves a 7.24% return, which is significantly higher than 8PSE.DE's -1.02% return.
ISX5.L
- 1D
- 2.46%
- 1M
- 3.59%
- YTD
- 7.24%
- 6M
- 8.56%
- 1Y
- 19.84%
- 3Y*
- 18.31%
- 5Y*
- 10.63%
- 10Y*
- 13.05%
8PSE.DE
- 1D
- 0.83%
- 1M
- -5.21%
- YTD
- -1.02%
- 6M
- 1.82%
- 1Y
- 27.37%
- 3Y*
- 31.57%
- 5Y*
- 14.39%
- 10Y*
- —
ISX5.L vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 7.24% | 37.35% | 4.59% | 26.91% | -13.63% | 13.94% | 16.29% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | -1.02% | 83.76% | 17.01% | 13.47% | -7.57% | -13.24% | 10.03% |
Correlation
The correlation between ISX5.L and 8PSE.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISX5.L vs. 8PSE.DE — Risk / Return Rank
ISX5.L
8PSE.DE
ISX5.L vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) 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.
| ISX5.L | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.57 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.59 | +0.80 |
| Martin ratioReturn relative to average drawdown | 4.69 | 2.35 | +2.33 |
Loading charts...
Drawdowns
ISX5.L vs. 8PSE.DE - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum 8PSE.DE drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for ISX5.L and 8PSE.DE.
Loading charts...
Drawdown Indicators
| ISX5.L | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -51.35% | +12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -51.35% | +38.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -51.35% | +35.99% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -51.35% | +16.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -18.71% | +18.52% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -13.96% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 12.99% | -9.14% |
Volatility
ISX5.L vs. 8PSE.DE - Volatility Comparison
The current volatility for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) is 5.29%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 6.62%. This indicates that ISX5.L experiences smaller price fluctuations and is considered to be less risky than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISX5.L | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 6.62% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 71.84% | -56.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 182.13% | -163.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 88.55% | -66.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 81.99% | -60.02% |
ISX5.L vs. 8PSE.DE - Expense Ratio Comparison
ISX5.L has a 0.00% expense ratio, which is lower than 8PSE.DE's 0.34% expense ratio.
Dividends
ISX5.L vs. 8PSE.DE - Dividend Comparison
Neither ISX5.L nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
ISX5.L and 8PSE.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.34% for 8PSE.DE.
ISX5.L is categorized as Europe Equities, while 8PSE.DE is Gold. ISX5.L tracks MSCI EMU NR EUR, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.00% for ISX5.L and 0.34% for 8PSE.DE.
Find the right allocation for ISX5.L and 8PSE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer