SPYI.DE vs. 8PSG.DE
Compare and contrast key facts about SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and Invesco Physical Gold A (8PSG.DE).
SPYI.DE and 8PSG.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYI.DE is a passively managed fund by State Street that tracks the performance of the MSCI All Country World Investable Market (ACWI IMI). It was launched on May 13, 2011. 8PSG.DE is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both SPYI.DE and 8PSG.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI.DE or 8PSG.DE.
Key characteristics
| SPYI.DE | 8PSG.DE | |
|---|---|---|
| YTD Return | 22.92% | 31.14% |
| 1Y Return | 30.57% | 34.66% |
| 3Y Return (Ann) | 8.16% | 14.27% |
| 5Y Return (Ann) | 11.79% | 12.62% |
| 10Y Return (Ann) | 11.70% | 9.95% |
| Sharpe Ratio | 2.79 | 2.55 |
| Sortino Ratio | 3.72 | 3.40 |
| Omega Ratio | 1.57 | 1.45 |
| Calmar Ratio | 3.61 | 6.08 |
| Martin Ratio | 17.17 | 15.47 |
| Ulcer Index | 1.74% | 2.19% |
| Daily Std Dev | 10.69% | 13.23% |
| Max Drawdown | -34.60% | -36.96% |
| Current Drawdown | -0.50% | -4.43% |
Correlation
The correlation between SPYI.DE and 8PSG.DE is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPYI.DE vs. 8PSG.DE - Performance Comparison
In the year-to-date period, SPYI.DE achieves a 22.92% return, which is significantly lower than 8PSG.DE's 31.14% return. Over the past 10 years, SPYI.DE has outperformed 8PSG.DE with an annualized return of 11.70%, while 8PSG.DE has yielded a comparatively lower 9.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYI.DE vs. 8PSG.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPYI.DE vs. 8PSG.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and Invesco Physical Gold A (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.
Dividends
SPYI.DE vs. 8PSG.DE - Dividend Comparison
Neither SPYI.DE nor 8PSG.DE has paid dividends to shareholders.
Drawdowns
SPYI.DE vs. 8PSG.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, smaller than the maximum 8PSG.DE drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and 8PSG.DE. For additional features, visit the drawdowns tool.
Volatility
SPYI.DE vs. 8PSG.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.03%, while Invesco Physical Gold A (8PSG.DE) has a volatility of 4.77%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.