CD91.DE vs. GLDA.L
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and GLDA.L (Amundi Physical Gold ETC (C)) are both Gold funds from Amundi - CD91.DE tracks the NYSE Arca Gold BUGS while GLDA.L tracks the Gold. Both are passively managed. Over the past 5 years, CD91.DE returned 20.74%/yr vs 18.69%/yr for GLDA.L. A 0.60 correlation means they provide meaningful diversification when combined. CD91.DE charges 0.65%/yr vs 0.12%/yr for GLDA.L.
Performance
CD91.DE vs. GLDA.L - Performance Comparison
Loading charts...
Different Trading Currencies
CD91.DE is traded in EUR, while GLDA.L is traded in GBp. To make them comparable, the GLDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CD91.DE achieves a -8.09% return, which is significantly lower than GLDA.L's -3.83% 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.L
- 1D
- -0.18%
- 1M
- -8.96%
- YTD
- -3.83%
- 6M
- -7.50%
- 1Y
- 23.25%
- 3Y*
- 25.79%
- 5Y*
- 18.69%
- 10Y*
- —
CD91.DE vs. GLDA.L - 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% | 58.65% |
GLDA.L Amundi Physical Gold ETC (C) | -3.83% | 45.55% | 34.37% | 9.54% | 6.07% | 7,486.96% | 17.24% | 23.74% |
Correlation
The correlation between CD91.DE and GLDA.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.60 |
The correlation between CD91.DE and GLDA.L shifts across timeframes, from 0.60 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CD91.DE vs. GLDA.L — Risk / Return Rank
CD91.DE
GLDA.L
CD91.DE vs. GLDA.L - 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.L). 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.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.04 | +0.71 |
| Martin ratioReturn relative to average drawdown | 4.51 | 2.87 | +1.63 |
Loading charts...
Drawdowns
CD91.DE vs. GLDA.L - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -83.13%, which is greater than GLDA.L's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for CD91.DE and GLDA.L.
Loading charts...
Drawdown Indicators
| CD91.DE | GLDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -22.35% | -60.78% |
Max Drawdown (1Y)Largest decline over 1 year | -33.29% | -22.35% | -10.94% |
Max Drawdown (3Y)Largest decline over 3 years | -33.29% | -22.35% | -10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -39.55% | -22.35% | -17.20% |
Max Drawdown (10Y)Largest decline over 10 years | -55.41% | — | — |
Current DrawdownCurrent decline from peak | -31.05% | -22.35% | -8.70% |
Average DrawdownAverage peak-to-trough decline | -53.47% | -5.31% | -48.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 8.07% | +4.84% |
Volatility
CD91.DE vs. GLDA.L - 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.L) at 8.02%. This indicates that CD91.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CD91.DE | GLDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.14% | 8.02% | +9.12% |
Volatility (6M)Calculated over the trailing 6-month period | 36.98% | 21.61% | +15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 24.39% | +20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.94% | 21.97% | +12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 2,644.75% | -2,610.20% |
CD91.DE vs. GLDA.L - Expense Ratio Comparison
CD91.DE has a 0.65% expense ratio, which is higher than GLDA.L's 0.12% expense ratio.
Dividends
CD91.DE vs. GLDA.L - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.17%, while GLDA.L 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.L 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.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.65% for CD91.DE.
CD91.DE tracks NYSE Arca Gold BUGS, while GLDA.L tracks Gold. Their fees differ too: 0.65% for CD91.DE and 0.12% for GLDA.L.
Find the right allocation for CD91.DE and GLDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer