WGLD.DE vs. 8PSE.DE
WGLD.DE (WisdomTree Core Physical Gold) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both Gold funds - WGLD.DE tracks the Gold while 8PSE.DE tracks the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 12.89%/yr for 8PSE.DE. At a 0.33 correlation, their price movements are largely independent. WGLD.DE charges 0.12%/yr vs 0.34%/yr for 8PSE.DE.
Performance
WGLD.DE vs. 8PSE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly lower than 8PSE.DE's 83.34% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -0.75%
- YTD
- 2.75%
- 6M
- 1.52%
- 1Y
- 34.44%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
8PSE.DE
- 1D
- -3.05%
- 1M
- -11.31%
- YTD
- 83.34%
- 6M
- 83.34%
- 1Y
- 83.34%
- 3Y*
- 22.39%
- 5Y*
- 12.89%
- 10Y*
- —
WGLD.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.60% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 83.34% | 0.00% | 0.00% | 0.00% | 0.00% | -1.85% |
Correlation
The correlation between WGLD.DE and 8PSE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021 | 0.33 |
Over the past year, WGLD.DE and 8PSE.DE have become more correlated (0.66) than their long-term average of 0.33, meaning their price movements have been converging.
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
WGLD.DE vs. 8PSE.DE — Risk / Return Rank
WGLD.DE
8PSE.DE
WGLD.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.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.
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.
| WGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.97 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.73 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.60 | 3.70 | +0.90 |
Loading charts...
Drawdowns
WGLD.DE vs. 8PSE.DE - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum 8PSE.DE drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and 8PSE.DE.
Loading charts...
Drawdown Indicators
| WGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -47.85% | +31.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -47.85% | +31.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -47.85% | +31.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -47.85% | +31.27% |
Current DrawdownCurrent decline from peak | -14.99% | -25.16% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -9.84% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 22.43% | -15.89% |
Volatility
WGLD.DE vs. 8PSE.DE - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 9.10%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 9.10% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 76.34% | -56.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 150.14% | -127.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 67.03% | -50.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 61.70% | -45.83% |
WGLD.DE vs. 8PSE.DE - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than 8PSE.DE's 0.34% expense ratio.
Dividends
WGLD.DE vs. 8PSE.DE - Dividend Comparison
Neither WGLD.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
WGLD.DE and 8PSE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.34% for 8PSE.DE.
WGLD.DE tracks Gold, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.12% for WGLD.DE and 0.34% for 8PSE.DE.
Find the right allocation for WGLD.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