VGWD.DE vs. 8PSG.DE
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, VGWD.DE returned 11.74%/yr vs 19.71%/yr for 8PSG.DE. At a 0.10 correlation, their price movements are largely independent. VGWD.DE charges 0.29%/yr vs 0.12%/yr for 8PSG.DE.
Performance
VGWD.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWD.DE achieves a 13.99% return, which is significantly higher than 8PSG.DE's 2.72% return.
VGWD.DE
- 1D
- 1.59%
- 1M
- 3.94%
- YTD
- 13.99%
- 6M
- 15.47%
- 1Y
- 26.89%
- 3Y*
- 15.88%
- 5Y*
- 11.74%
- 10Y*
- —
8PSG.DE
- 1D
- 0.59%
- 1M
- -4.15%
- YTD
- 2.72%
- 6M
- 5.46%
- 1Y
- 29.89%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
VGWD.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.99% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | 2.79% |
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 3.81% | 5.65% |
Correlation
The correlation between VGWD.DE and 8PSG.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.10 |
The correlation between VGWD.DE and 8PSG.DE shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGWD.DE vs. 8PSG.DE — Risk / Return Rank
VGWD.DE
8PSG.DE
VGWD.DE vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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.
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.
| VGWD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.26 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 1.82 | +2.79 |
| Martin ratioReturn relative to average drawdown | 17.98 | 4.60 | +13.38 |
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Drawdowns
VGWD.DE vs. 8PSG.DE - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, which is greater than 8PSG.DE's maximum drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and 8PSG.DE.
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Drawdown Indicators
| VGWD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -18.33% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -16.55% | +10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -16.55% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -16.55% | -0.31% |
Current DrawdownCurrent decline from peak | 0.00% | -15.00% | +15.00% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -6.03% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 6.54% | -5.05% |
Volatility
VGWD.DE vs. 8PSG.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) is 2.55%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 5.09%. This indicates that VGWD.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
| VGWD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.09% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 20.17% | -12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.40% | 23.14% | -13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 16.04% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 16.13% | -1.91% |
VGWD.DE vs. 8PSG.DE - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
VGWD.DE vs. 8PSG.DE - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.46%, while 8PSG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.46% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
VGWD.DE and 8PSG.DE have a correlation of 0.26, 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 0.29% for VGWD.DE.
VGWD.DE is categorized as Dividend, while 8PSG.DE is Gold. VGWD.DE tracks FTSE All-World High Dividend Yield Index, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.29% for VGWD.DE and 0.12% for 8PSG.DE.
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