WGLD.DE vs. 8PSG.DE
WGLD.DE (WisdomTree Core Physical Gold) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - WGLD.DE is a Precious Metals fund tracking the Gold, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 19.71%/yr for 8PSG.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
WGLD.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WGLD.DE having a 2.75% return and 8PSG.DE slightly lower at 2.72%.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
8PSG.DE
- 1D
- 0.59%
- 1M
- -1.59%
- YTD
- 2.72%
- 6M
- 6.38%
- 1Y
- 30.20%
- 3Y*
- 28.02%
- 5Y*
- 19.71%
- 10Y*
- —
WGLD.DE vs. 8PSG.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% | 9.65% |
8PSG.DE Invesco Physical Gold ETC | 2.72% | 48.98% | 34.29% | 9.43% | 7.00% | 9.67% |
Correlation
The correlation between WGLD.DE and 8PSG.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.99 |
The correlation between WGLD.DE and 8PSG.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. 8PSG.DE — Risk / Return Rank
WGLD.DE
8PSG.DE
WGLD.DE vs. 8PSG.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 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.
| WGLD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.82 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.60 | 0.00 |
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
| WGLD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.30 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.21 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.04 | +0.23 |
Drawdowns
WGLD.DE vs. 8PSG.DE - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum 8PSG.DE drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and 8PSG.DE.
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Drawdown Indicators
| WGLD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -18.33% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -16.55% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -16.55% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -16.55% | -0.03% |
Current DrawdownCurrent decline from peak | -14.99% | -15.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -6.04% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.54% | 0.00% |
Volatility
WGLD.DE vs. 8PSG.DE - Volatility Comparison
WisdomTree Core Physical Gold (WGLD.DE) and Invesco Physical Gold ETC (8PSG.DE) have volatilities of 5.05% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGLD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.09% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 20.17% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 23.14% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 16.04% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 16.13% | -0.25% |
WGLD.DE vs. 8PSG.DE - Expense Ratio Comparison
Both WGLD.DE and 8PSG.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WGLD.DE vs. 8PSG.DE - Dividend Comparison
Neither WGLD.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, WGLD.DE and 8PSG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE and 8PSG.DE have the same expense ratio: 0.12% per year.
WGLD.DE is categorized as Precious Metals, while 8PSG.DE is Gold. WGLD.DE tracks Gold, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: WisdomTree and Invesco.
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