(8PSE) Physical Gold ETC EUR Hedged - Overview

Exchange: XETRA • Country: Germany • Currency: EUR • Type: Etf • ISIN: XS2183935274

Etf: Gold, Bullion, EUR-Hedged, ETC

Total Rating 64
Risk 85
Buy Signal 0.64
Risk 5d forecast
Volatility 93.2%
Relative Tail Risk -65.7%
Reward TTM
Sharpe Ratio 1.19
Alpha 121.37
Character TTM
Beta 0.268
Beta Downside -0.448
Drawdowns 3y
Max DD 50.81%
CAGR/Max DD 0.71

Description: 8PSE Physical Gold ETC EUR Hedged December 30, 2025

Invesco Physical Gold ETC EUR Hedged (XETRA: 8PSE) is a German-domiciled exchange-traded commodity fund that provides investors with exposure to the price of physical gold while hedging currency risk back to the euro.

Key metrics (as of Q3 2024) include an expense ratio of 0.20 % p.a., total assets under management of roughly €1.2 billion, and a 30-day tracking error of 0.12 % versus the underlying gold spot price. The fund’s performance is primarily driven by (1) global real-interest-rate trends, (2) USD/EUR exchange dynamics (despite the built-in hedge), and (3) macro-level inflation expectations that boost safe-haven demand for gold.

For a deeper quantitative breakdown, you may want to explore ValueRay’s analytics platform for up-to-date performance charts and risk metrics.

What is the price of 8PSE shares?

As of February 09, 2026, the stock is trading at EUR 112.43 with a total of 5,762 shares traded.
Over the past week, the price has changed by +5.62%, over one month by +10.27%, over three months by +19.82% and over the past year by +128.56%.

Is 8PSE a buy, sell or hold?

Physical Gold ETC EUR Hedged has no consensus analysts rating.

What are the forecasts/targets for the 8PSE price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 148.3 31.9%

8PSE Fundamental Data Overview February 04, 2026

Market Cap USD = 1.13b (951.7m EUR * 1.1827 EUR.USD)
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 951.7m EUR (951.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 951.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 951.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.90% (E(951.7m)/V(951.7m) * Re(6.90%) + (debt-free company))
Discount Rate = 6.90% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for 8PSE ETF

Fund Manager Positions: Dataroma | Stockcircle