UBUD.DE vs. 8PSE.DE
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - UBUD.DE is a Precious Metals fund tracking the Solactive Global Pure Gold Miners, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, UBUD.DE returned 24.10%/yr vs 15.46%/yr for 8PSE.DE. A 0.75 correlation means they provide meaningful diversification when combined. UBUD.DE charges 0.43%/yr vs 0.34%/yr for 8PSE.DE.
Performance
UBUD.DE vs. 8PSE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UBUD.DE achieves a -6.38% return, which is significantly lower than 8PSE.DE's 0.15% return.
UBUD.DE
- 1D
- -0.04%
- 1M
- -3.95%
- YTD
- -6.38%
- 6M
- 0.94%
- 1Y
- 47.84%
- 3Y*
- 42.44%
- 5Y*
- 24.10%
- 10Y*
- 14.59%
8PSE.DE
- 1D
- 0.72%
- 1M
- -2.51%
- YTD
- 0.15%
- 6M
- 4.45%
- 1Y
- 28.47%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
UBUD.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.38% | 144.52% | 34.69% | 6.34% | 0.11% | -8.41% | -15.24% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -2.18% | -5.81% | 2.14% |
Correlation
The correlation between UBUD.DE and 8PSE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.75 |
The correlation between UBUD.DE and 8PSE.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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
UBUD.DE vs. 8PSE.DE — Risk / Return Rank
UBUD.DE
8PSE.DE
UBUD.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) 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.
| UBUD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.60 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.56 | +1.09 |
| Martin ratioReturn relative to average drawdown | 4.06 | 2.31 | +1.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UBUD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.16 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.17 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.16 | +0.10 |
Drawdowns
UBUD.DE vs. 8PSE.DE - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -57.79%, which is greater than 8PSE.DE's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and 8PSE.DE.
Loading charts...
Drawdown Indicators
| UBUD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.79% | -50.81% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | -50.81% | +21.87% |
Max Drawdown (3Y)Largest decline over 3 years | -28.94% | -50.81% | +21.87% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -50.81% | +12.60% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | — | — |
Current DrawdownCurrent decline from peak | -27.15% | -16.31% | -10.84% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -10.13% | -17.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 12.27% | -0.52% |
Volatility
UBUD.DE vs. 8PSE.DE - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 13.71% compared to Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) at 5.95%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UBUD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 5.95% | +7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 35.92% | 71.01% | -35.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.63% | 181.73% | -136.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 87.63% | -51.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.58% | 81.06% | -45.48% |
UBUD.DE vs. 8PSE.DE - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
UBUD.DE vs. 8PSE.DE - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, while 8PSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | 0.59% | 0.40% | 0.56% | 1.74% | 1.12% | 1.15% | 0.44% | 0.42% | 0.48% | 0.46% | 0.43% | 1.38% |
Frequently Asked Questions
UBUD.DE and 8PSE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.43% for UBUD.DE.
UBUD.DE is categorized as Precious Metals, while 8PSE.DE is Gold. UBUD.DE tracks Solactive Global Pure Gold Miners, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: UBS and Invesco. Their fees differ too: 0.43% for UBUD.DE and 0.34% for 8PSE.DE.
Find the right allocation for UBUD.DE 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