CD91.DE vs. GLDA.DE
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and GLDA.DE (Amundi Physical Gold ETC (C)) are both Gold funds from Amundi - CD91.DE tracks the NYSE Arca Gold BUGS while GLDA.DE tracks the Gold. Both are passively managed. Over the past 5 years, CD91.DE returned 20.74%/yr vs 18.68%/yr for GLDA.DE. A 0.70 correlation means they provide meaningful diversification when combined. CD91.DE charges 0.65%/yr vs 0.12%/yr for GLDA.DE.
Performance
CD91.DE vs. GLDA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CD91.DE achieves a -8.09% return, which is significantly lower than GLDA.DE's -5.73% return.
CD91.DE
- 1D
- 1.23%
- 1M
- -10.88%
- YTD
- -8.09%
- 6M
- -10.48%
- 1Y
- 58.41%
- 3Y*
- 38.73%
- 5Y*
- 20.74%
- 10Y*
- 10.60%
GLDA.DE
- 1D
- 0.00%
- 1M
- -8.94%
- YTD
- -5.73%
- 6M
- -6.84%
- 1Y
- 23.36%
- 3Y*
- 25.84%
- 5Y*
- 18.68%
- 10Y*
- —
CD91.DE vs. GLDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist | -8.09% | 132.46% | 20.72% | 2.57% | -1.60% | -7.98% | 15.46% | 13.60% |
GLDA.DE Amundi Physical Gold ETC (C) | -5.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 12.92% | 6.37% |
Correlation
The correlation between CD91.DE and GLDA.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2019 | 0.70 |
The correlation between CD91.DE and GLDA.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
CD91.DE vs. GLDA.DE — Risk / Return Rank
CD91.DE
GLDA.DE
CD91.DE vs. GLDA.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 Amundi Physical Gold ETC (C) (GLDA.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.
| CD91.DE | GLDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.07 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.51 | 2.95 | +1.56 |
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Drawdowns
CD91.DE vs. GLDA.DE - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -83.13%, which is greater than GLDA.DE's maximum drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for CD91.DE and GLDA.DE.
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Drawdown Indicators
| CD91.DE | GLDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -22.00% | -61.13% |
Max Drawdown (1Y)Largest decline over 1 year | -33.29% | -22.00% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.29% | -22.00% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -39.55% | -22.00% | -17.55% |
Max Drawdown (10Y)Largest decline over 10 years | -55.41% | — | — |
Current DrawdownCurrent decline from peak | -31.05% | -22.00% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -53.47% | -5.89% | -47.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 7.94% | +4.97% |
Volatility
CD91.DE vs. GLDA.DE - Volatility Comparison
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a higher volatility of 17.14% compared to Amundi Physical Gold ETC (C) (GLDA.DE) at 7.96%. This indicates that CD91.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CD91.DE | GLDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.14% | 7.96% | +9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 36.98% | 21.33% | +15.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 24.15% | +20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.94% | 16.33% | +18.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 16.08% | +18.47% |
CD91.DE vs. GLDA.DE - Expense Ratio Comparison
CD91.DE has a 0.65% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio.
Dividends
CD91.DE vs. GLDA.DE - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.17%, while GLDA.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 | 0.17% | 0.16% | 0.33% | 2.50% | 1.04% | 0.54% | 0.17% | 0.33% | 0.00% | 0.69% |
GLDA.DE Amundi Physical Gold ETC (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CD91.DE and GLDA.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for CD91.DE.
CD91.DE tracks NYSE Arca Gold BUGS, while GLDA.DE tracks Gold. Their fees differ too: 0.65% for CD91.DE and 0.12% for GLDA.DE.
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