YGLD.DE vs. 8PSE.DE
YGLD.DE (IncomeShares Gold + Yield ETP) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - YGLD.DE is a Derivative Income fund actively managed by Leverage Shares, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). YGLD.DE is actively managed, while 8PSE.DE is passively managed. Over the past year, YGLD.DE returned 16.88% vs 28.47% for 8PSE.DE. A 0.67 correlation means they provide meaningful diversification when combined. YGLD.DE charges 0.35%/yr vs 0.34%/yr for 8PSE.DE.
Performance
YGLD.DE vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, YGLD.DE achieves a -5.17% return, which is significantly lower than 8PSE.DE's 0.15% return.
YGLD.DE
- 1D
- -0.03%
- 1M
- -1.25%
- YTD
- -5.17%
- 6M
- -1.72%
- 1Y
- 16.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
8PSE.DE
- 1D
- 0.72%
- 1M
- -2.51%
- YTD
- 0.15%
- 6M
- 4.45%
- 1Y
- 28.47%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
YGLD.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YGLD.DE IncomeShares Gold + Yield ETP | -5.17% | 41.92% | -7.11% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | -0.09% |
Correlation
The correlation between YGLD.DE and 8PSE.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2024 | 0.67 |
The correlation between YGLD.DE and 8PSE.DE has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.
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Return for Risk
YGLD.DE vs. 8PSE.DE — Risk / Return Rank
YGLD.DE
8PSE.DE
YGLD.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP (YGLD.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.
| YGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.60 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.56 | +0.43 |
| Martin ratioReturn relative to average drawdown | 1.95 | 2.31 | -0.36 |
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
| YGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.16 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.16 | +0.42 |
Drawdowns
YGLD.DE vs. 8PSE.DE - Drawdown Comparison
The maximum YGLD.DE drawdown since its inception was -16.94%, smaller than the maximum 8PSE.DE drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for YGLD.DE and 8PSE.DE.
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Drawdown Indicators
| YGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -50.81% | +33.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -50.81% | +33.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.81% | — |
Current DrawdownCurrent decline from peak | -15.27% | -16.31% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -10.13% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.62% | 12.27% | -3.65% |
Volatility
YGLD.DE vs. 8PSE.DE - Volatility Comparison
IncomeShares Gold + Yield ETP (YGLD.DE) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) have volatilities of 6.19% and 5.95%, 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
| YGLD.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.95% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.41% | 71.01% | -53.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.80% | 181.73% | -151.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.34% | 87.63% | -61.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.34% | 81.06% | -54.72% |
YGLD.DE vs. 8PSE.DE - Expense Ratio Comparison
YGLD.DE has a 0.35% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
YGLD.DE vs. 8PSE.DE - Dividend Comparison
YGLD.DE's dividend yield for the trailing twelve months is around 6.24%, while 8PSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.24% | 6.36% |
Frequently Asked Questions
YGLD.DE and 8PSE.DE have a correlation of 0.68, 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 0.35% for YGLD.DE.
YGLD.DE is categorized as Derivative Income, while 8PSE.DE is Gold. They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.35% for YGLD.DE and 0.34% for 8PSE.DE.
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