CD91.DE vs. VZLE.DE
CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) and VZLE.DE (WisdomTree Physical Precious Metals) are both exchange-traded funds - CD91.DE is a Gold fund tracking the NYSE Arca Gold BUGS, while VZLE.DE is a Precious Metals fund tracking the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. Both are passively managed. Over the past 10 years, CD91.DE returned 12.49%/yr vs 12.20%/yr for VZLE.DE. A 0.54 correlation means they provide meaningful diversification when combined. CD91.DE charges 0.65%/yr vs 0.44%/yr for VZLE.DE.
Performance
CD91.DE vs. VZLE.DE - Performance Comparison
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Different Trading Currencies
CD91.DE is traded in EUR, while VZLE.DE is traded in USD. To make them comparable, the VZLE.DE 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 2.09% return, which is significantly higher than VZLE.DE's -1.12% return. Both investments have delivered pretty close results over the past 10 years, with CD91.DE having a 12.49% annualized return and VZLE.DE not far behind at 12.20%.
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%
VZLE.DE
- 1D
- -0.44%
- 1M
- -1.27%
- YTD
- -1.12%
- 6M
- 10.90%
- 1Y
- 45.87%
- 3Y*
- 21.82%
- 5Y*
- 13.65%
- 10Y*
- 12.20%
CD91.DE vs. VZLE.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% |
VZLE.DE WisdomTree Physical Precious Metals | -1.12% | 50.99% | 30.82% | -9.42% | 10.88% | 6.60% | 4.47% | 31.26% | 9.47% | -10.88% |
Correlation
The correlation between CD91.DE and VZLE.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 18, 2010 | 0.54 |
The correlation between CD91.DE and VZLE.DE shifts across timeframes, from 0.51 (10 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CD91.DE vs. VZLE.DE — Risk / Return Rank
CD91.DE
VZLE.DE
CD91.DE vs. VZLE.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 WisdomTree Physical Precious Metals (VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.02 | +0.47 |
| Martin ratioReturn relative to average drawdown | 6.17 | 4.73 | +1.44 |
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 | VZLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.42 | +0.18 |
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 | 0.58 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.46 | -0.38 |
Drawdowns
CD91.DE vs. VZLE.DE - Drawdown Comparison
The maximum CD91.DE drawdown since its inception was -80.32%, which is greater than VZLE.DE's maximum drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for CD91.DE and VZLE.DE.
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Drawdown Indicators
| CD91.DE | VZLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.32% | -39.29% | -41.03% |
Max Drawdown (1Y)Largest decline over 1 year | -27.16% | -22.56% | -4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -27.16% | -22.56% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -39.56% | -28.94% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -55.46% | -28.94% | -26.52% |
Current DrawdownCurrent decline from peak | -23.41% | -20.66% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -46.60% | -13.88% | -32.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 9.66% | +1.29% |
Volatility
CD91.DE vs. VZLE.DE - Volatility Comparison
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a higher volatility of 13.40% compared to WisdomTree Physical Precious Metals (VZLE.DE) at 6.89%. This indicates that CD91.DE's price experiences larger fluctuations and is considered to be riskier than VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 6.89% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 33.89% | 28.75% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.29% | 32.12% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.31% | 23.25% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.40% | 20.78% | +13.62% |
CD91.DE vs. VZLE.DE - Expense Ratio Comparison
CD91.DE has a 0.65% expense ratio, which is higher than VZLE.DE's 0.44% expense ratio.
Dividends
CD91.DE vs. VZLE.DE - Dividend Comparison
CD91.DE's dividend yield for the trailing twelve months is around 0.13%, while VZLE.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% |
VZLE.DE WisdomTree Physical Precious Metals | 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 VZLE.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VZLE.DE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VZLE.DE is cheaper with a 0.44% expense ratio, compared with 0.65% for CD91.DE.
CD91.DE is categorized as Gold, while VZLE.DE is Precious Metals. CD91.DE tracks NYSE Arca Gold BUGS, while VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.65% for CD91.DE and 0.44% for VZLE.DE.
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