CD91.DE vs. M9SD.DE
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) are both exchange-traded funds - CD91.DE is a Gold fund tracking the NYSE Arca Gold BUGS, while M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS. Both are passively managed. Over the past 10 years, CD91.DE returned 12.49%/yr vs 12.24%/yr for M9SD.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.65% expense ratio.
Performance
CD91.DE vs. M9SD.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 lower than M9SD.DE's 3.74% return. Both investments have delivered pretty close results over the past 10 years, with CD91.DE having a 12.49% annualized return and M9SD.DE not far behind at 12.24%.
CD91.DE
- 1D
- 0.92%
- 1M
- -5.91%
- YTD
- 2.09%
- 6M
- 9.63%
- 1Y
- 66.70%
- 3Y*
- 40.18%
- 5Y*
- 20.17%
- 10Y*
- 12.49%
M9SD.DE
- 1D
- 1.07%
- 1M
- -4.44%
- YTD
- 3.74%
- 6M
- 11.23%
- 1Y
- 69.16%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
CD91.DE vs. M9SD.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% |
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | 3.74% | 130.74% | 20.64% | 2.95% | -2.13% | -8.52% | 14.07% | 50.51% | -13.27% | -11.82% |
Correlation
The correlation between CD91.DE and M9SD.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 18, 2010 | 0.96 |
The correlation between CD91.DE and M9SD.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
CD91.DE vs. M9SD.DE — Risk / Return Rank
CD91.DE
M9SD.DE
CD91.DE vs. M9SD.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 Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.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 | M9SD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.56 | -0.07 |
| Martin ratioReturn relative to average drawdown | 6.17 | 6.47 | -0.30 |
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 | M9SD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.65 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.58 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.35 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.12 | -0.04 |
Drawdowns
CD91.DE vs. M9SD.DE - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -80.32%, roughly equal to the maximum M9SD.DE drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for CD91.DE and M9SD.DE.
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Drawdown Indicators
| CD91.DE | M9SD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.32% | -80.12% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -27.16% | -27.35% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -27.16% | -27.35% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -39.56% | -39.62% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -55.46% | -55.80% | +0.34% |
Current DrawdownCurrent decline from peak | -23.41% | -22.37% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -46.60% | -42.59% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 10.84% | +0.11% |
Volatility
CD91.DE vs. M9SD.DE - Volatility Comparison
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) and Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) have volatilities of 13.40% and 13.40%, 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 | M9SD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 13.40% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 33.89% | 33.87% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.29% | 42.57% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.31% | 34.36% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.40% | 34.73% | -0.33% |
CD91.DE vs. M9SD.DE - Expense Ratio Comparison
Both CD91.DE and M9SD.DE have an expense ratio of 0.65%.
Dividends
CD91.DE vs. M9SD.DE - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.13%, while M9SD.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% |
M9SD.DE Market Access NYSE Arca Gold Bugs 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 0.97, CD91.DE and M9SD.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.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CD91.DE and M9SD.DE have the same expense ratio: 0.65% per year.
CD91.DE is categorized as Gold, while M9SD.DE is Precious Metals. Both ETFs track NYSE Arca Gold BUGS. They also come from different issuers: Amundi and China Post Global.
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