XGDU.DE vs. 8PSE.DE
XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both Gold funds - XGDU.DE tracks the Gold while 8PSE.DE tracks the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, XGDU.DE returned 18.72%/yr vs 12.89%/yr for 8PSE.DE. At a 0.35 correlation, their price movements are largely independent. XGDU.DE charges 0.12%/yr vs 0.34%/yr for 8PSE.DE.
Performance
XGDU.DE vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGDU.DE achieves a -5.61% return, which is significantly lower than 8PSE.DE's 83.34% return.
XGDU.DE
- 1D
- 0.13%
- 1M
- -8.80%
- YTD
- -5.61%
- 6M
- -6.76%
- 1Y
- 23.53%
- 3Y*
- 25.91%
- 5Y*
- 18.72%
- 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*
- —
XGDU.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -5.61% | 49.09% | 34.21% | 9.43% | 6.99% | 3.80% | -5.28% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 83.34% | 0.00% | 0.00% | 0.00% | 0.00% | -1.85% | 4.42% |
Correlation
The correlation between XGDU.DE and 8PSE.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.35 |
Over the past year, XGDU.DE and 8PSE.DE have become more correlated (0.75) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
XGDU.DE vs. 8PSE.DE — Risk / Return Rank
XGDU.DE
8PSE.DE
XGDU.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.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.
| XGDU.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.97 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.73 | -0.67 |
| Martin ratioReturn relative to average drawdown | 2.47 | 3.70 | -1.23 |
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Drawdowns
XGDU.DE vs. 8PSE.DE - Drawdown Comparison
The maximum XGDU.DE drawdown since its inception was -22.01%, smaller than the maximum 8PSE.DE drawdown of -47.85%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and 8PSE.DE.
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Drawdown Indicators
| XGDU.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -47.85% | +25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -22.01% | -47.85% | +25.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.01% | -47.85% | +25.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -47.85% | +25.84% |
Current DrawdownCurrent decline from peak | -21.91% | -25.16% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -9.84% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 22.43% | -12.94% |
Volatility
XGDU.DE vs. 8PSE.DE - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) is 8.00%, while Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) has a volatility of 9.10%. This indicates that XGDU.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.
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Volatility by Period
| XGDU.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 9.10% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 76.34% | -54.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.53% | 150.14% | -117.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 67.03% | -48.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 61.70% | -42.94% |
XGDU.DE vs. 8PSE.DE - Expense Ratio Comparison
XGDU.DE has a 0.12% expense ratio, which is lower than 8PSE.DE's 0.34% expense ratio.
Dividends
XGDU.DE vs. 8PSE.DE - Dividend Comparison
Neither XGDU.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
XGDU.DE and 8PSE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.34% for 8PSE.DE.
XGDU.DE tracks Gold, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XGDU.DE and 0.34% for 8PSE.DE.
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