SXRP.DE vs. 8PSG.DE
SXRP.DE (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - SXRP.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 3-7, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SXRP.DE returned -0.69%/yr vs 19.71%/yr for 8PSG.DE. At a 0.26 correlation, their price movements are largely independent. SXRP.DE charges 0.15%/yr vs 0.12%/yr for 8PSG.DE.
Performance
SXRP.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRP.DE achieves a -0.09% return, which is significantly lower than 8PSG.DE's 2.72% return.
SXRP.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- -0.09%
- 6M
- -0.01%
- 1Y
- 0.74%
- 3Y*
- 2.82%
- 5Y*
- -0.69%
- 10Y*
- 0.07%
8PSG.DE
- 1D
- 0.59%
- 1M
- -3.62%
- YTD
- 2.72%
- 6M
- 6.15%
- 1Y
- 31.10%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
SXRP.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SXRP.DE iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -0.09% | 2.47% | 2.09% | 5.92% | -12.11% | -1.59% | 0.90% |
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 3.81% | 6.88% |
Correlation
The correlation between SXRP.DE and 8PSG.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.26 |
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Return for Risk
SXRP.DE vs. 8PSG.DE — Risk / Return Rank
SXRP.DE
8PSG.DE
SXRP.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.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.
| SXRP.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.82 | -1.67 |
| Martin ratioReturn relative to average drawdown | 0.41 | 4.60 | -4.20 |
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
| SXRP.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.30 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 1.21 | -1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.04 | -0.56 |
Drawdowns
SXRP.DE vs. 8PSG.DE - Drawdown Comparison
The maximum SXRP.DE drawdown since its inception was -14.50%, smaller than the maximum 8PSG.DE drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for SXRP.DE and 8PSG.DE.
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Drawdown Indicators
| SXRP.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.50% | -18.33% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -16.55% | +13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -16.55% | +13.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -16.55% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -14.50% | — | — |
Current DrawdownCurrent decline from peak | -4.47% | -15.00% | +10.53% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -6.04% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 6.54% | -5.54% |
Volatility
SXRP.DE vs. 8PSG.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.DE) is 1.31%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 5.09%. This indicates that SXRP.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.
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Volatility by Period
| SXRP.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 5.09% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 20.17% | -17.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 23.14% | -20.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 16.04% | -11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.55% | 16.13% | -12.58% |
SXRP.DE vs. 8PSG.DE - Expense Ratio Comparison
SXRP.DE has a 0.15% 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%.
Dividends
SXRP.DE vs. 8PSG.DE - Dividend Comparison
Neither SXRP.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRP.DE and 8PSG.DE have a correlation of 0.32, 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 0.15% for SXRP.DE.
SXRP.DE is categorized as European Government Bonds, while 8PSG.DE is Gold. SXRP.DE tracks Bloomberg Euro Government Bond 3-7, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for SXRP.DE and 0.12% for 8PSG.DE.
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