CD91.DE vs. G2X.DE
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - CD91.DE is a Gold fund tracking the NYSE Arca Gold BUGS, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. Both are passively managed. Over the past 10 years, CD91.DE returned 12.49%/yr vs 13.83%/yr for G2X.DE. With a 0.96 correlation, they move nearly in lockstep. CD91.DE charges 0.65%/yr vs 0.53%/yr for G2X.DE.
Performance
CD91.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CD91.DE achieves a 2.09% return, which is significantly higher than G2X.DE's -1.03% return. Over the past 10 years, CD91.DE has underperformed G2X.DE with an annualized return of 12.49%, while G2X.DE has yielded a comparatively higher 13.83% annualized return.
CD91.DE
- 1D
- 0.92%
- 1M
- -0.47%
- YTD
- 2.09%
- 6M
- 9.79%
- 1Y
- 67.95%
- 3Y*
- 40.18%
- 5Y*
- 20.17%
- 10Y*
- 12.49%
G2X.DE
- 1D
- 1.09%
- 1M
- 0.55%
- YTD
- -1.03%
- 6M
- 7.50%
- 1Y
- 61.05%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
CD91.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist | 2.09% | 132.40% | 20.73% | 2.42% | -1.60% | -8.06% | 15.38% | 49.81% | -12.27% | -11.24% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
Correlation
The correlation between CD91.DE and G2X.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.96 |
The correlation between CD91.DE and G2X.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
CD91.DE vs. G2X.DE — Risk / Return Rank
CD91.DE
G2X.DE
CD91.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) and VanEck Gold Miners UCITS ETF (G2X.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.
| CD91.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.18 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.17 | 5.49 | +0.69 |
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
| CD91.DE | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.42 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.60 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.43 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.44 | -0.35 |
Drawdowns
CD91.DE vs. G2X.DE - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -80.32%, which is greater than G2X.DE's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for CD91.DE and G2X.DE.
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Drawdown Indicators
| CD91.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.32% | -46.04% | -34.28% |
Max Drawdown (1Y)Largest decline over 1 year | -27.16% | -27.90% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.16% | -27.90% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -39.56% | -38.55% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -55.46% | -46.04% | -9.42% |
Current DrawdownCurrent decline from peak | -23.41% | -23.34% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -46.60% | -19.92% | -26.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 11.09% | -0.14% |
Volatility
CD91.DE vs. G2X.DE - Volatility Comparison
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) and VanEck Gold Miners UCITS ETF (G2X.DE) have volatilities of 13.40% and 13.57%, 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
| CD91.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 13.57% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 33.89% | 34.36% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.29% | 42.64% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.31% | 33.16% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.40% | 32.33% | +2.07% |
CD91.DE vs. G2X.DE - Expense Ratio Comparison
CD91.DE has a 0.65% expense ratio, which is higher than G2X.DE's 0.53% expense ratio.
Dividends
CD91.DE vs. G2X.DE - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.13%, while G2X.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist | 0.13% | 0.14% | 0.31% | 2.37% | 1.05% | 0.46% | 0.14% | 0.30% | 0.00% | 0.57% |
G2X.DE VanEck Gold Miners UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, CD91.DE and G2X.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.
On fees, G2X.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2X.DE is cheaper with a 0.53% expense ratio, compared with 0.65% for CD91.DE.
CD91.DE is categorized as Gold, while G2X.DE is Precious Metals. CD91.DE tracks NYSE Arca Gold BUGS, while G2X.DE tracks NYSE Arca Gold Miners. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.65% for CD91.DE and 0.53% for G2X.DE.
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