RM8U.DE vs. VZLE.DE
RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) and VZLE.DE (WisdomTree Physical Precious Metals) are both Precious Metals funds - RM8U.DE tracks the Gold while VZLE.DE tracks the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. Both are passively managed. Over the past 5 years, RM8U.DE returned 19.57%/yr vs 13.65%/yr for VZLE.DE. A 0.72 correlation means they provide meaningful diversification when combined. RM8U.DE charges 0.22%/yr vs 0.44%/yr for VZLE.DE.
Performance
RM8U.DE vs. VZLE.DE - Performance Comparison
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Different Trading Currencies
RM8U.DE is traded in EUR, while VZLE.DE is traded in USD. To make them comparable, the VZLE.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, RM8U.DE achieves a 2.70% return, which is significantly higher than VZLE.DE's -1.12% return.
RM8U.DE
- 1D
- 0.59%
- 1M
- -1.56%
- YTD
- 2.70%
- 6M
- 6.33%
- 1Y
- 30.06%
- 3Y*
- 27.86%
- 5Y*
- 19.57%
- 10Y*
- —
VZLE.DE
- 1D
- -0.44%
- 1M
- -1.27%
- YTD
- -1.12%
- 6M
- 10.90%
- 1Y
- 45.87%
- 3Y*
- 21.82%
- 5Y*
- 13.65%
- 10Y*
- 12.20%
RM8U.DE vs. VZLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 2.70% | 48.89% | 34.03% | 9.20% | 6.98% | 3.69% | 4.48% |
VZLE.DE WisdomTree Physical Precious Metals | -1.12% | 50.99% | 30.82% | -9.42% | 10.88% | 6.60% | -8.90% |
Correlation
The correlation between RM8U.DE and VZLE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.72 |
The correlation between RM8U.DE and VZLE.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
RM8U.DE vs. VZLE.DE — Risk / Return Rank
RM8U.DE
VZLE.DE
RM8U.DE vs. VZLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) and WisdomTree Physical Precious Metals (VZLE.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.
| RM8U.DE | VZLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.02 | -0.21 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.73 | -0.16 |
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
| RM8U.DE | VZLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.42 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.58 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.46 | +0.54 |
Drawdowns
RM8U.DE vs. VZLE.DE - Drawdown Comparison
The maximum RM8U.DE drawdown since its inception was -18.51%, smaller than the maximum VZLE.DE drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for RM8U.DE and VZLE.DE.
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Drawdown Indicators
| RM8U.DE | VZLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.51% | -39.29% | +20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -22.56% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -22.56% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -28.94% | +12.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.94% | — |
Current DrawdownCurrent decline from peak | -15.01% | -20.66% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -13.88% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 9.66% | -3.11% |
Volatility
RM8U.DE vs. VZLE.DE - Volatility Comparison
The current volatility for HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) is 5.04%, while WisdomTree Physical Precious Metals (VZLE.DE) has a volatility of 6.89%. This indicates that RM8U.DE experiences smaller price fluctuations and is considered to be less risky than VZLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RM8U.DE | VZLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 6.89% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 28.75% | -8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 32.12% | -9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 23.25% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 20.78% | -4.61% |
RM8U.DE vs. VZLE.DE - Expense Ratio Comparison
RM8U.DE has a 0.22% expense ratio, which is lower than VZLE.DE's 0.44% expense ratio.
Dividends
RM8U.DE vs. VZLE.DE - Dividend Comparison
Neither RM8U.DE nor VZLE.DE has paid dividends to shareholders.
Frequently Asked Questions
RM8U.DE and VZLE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RM8U.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RM8U.DE is cheaper with a 0.22% expense ratio, compared with 0.44% for VZLE.DE.
RM8U.DE tracks Gold, while VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. They also come from different issuers: HANetf and WisdomTree. Their fees differ too: 0.22% for RM8U.DE and 0.44% for VZLE.DE.
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