GLDA.DE vs. CD91.DE
GLDA.DE (Amundi Physical Gold ETC (C)) and CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) are both Gold funds from Amundi - GLDA.DE tracks the Gold while CD91.DE tracks the NYSE Arca Gold BUGS. Both are passively managed. Over the past 5 years, GLDA.DE returned 18.68%/yr vs 20.74%/yr for CD91.DE. A 0.70 correlation means they provide meaningful diversification when combined. GLDA.DE charges 0.12%/yr vs 0.65%/yr for CD91.DE.
Performance
GLDA.DE vs. CD91.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GLDA.DE achieves a -5.73% return, which is significantly higher than CD91.DE's -8.09% return.
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
- 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 vs. CD91.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | -5.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 12.92% | 6.37% |
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% |
Correlation
The correlation between GLDA.DE and CD91.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 GLDA.DE and CD91.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
GLDA.DE vs. CD91.DE — Risk / Return Rank
GLDA.DE
CD91.DE
GLDA.DE vs. CD91.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.DE) and Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.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.
| GLDA.DE | CD91.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 | 1.20 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.75 | -0.68 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.51 | -1.56 |
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Drawdowns
GLDA.DE vs. CD91.DE - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.00%, smaller than the maximum CD91.DE drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and CD91.DE.
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Drawdown Indicators
| GLDA.DE | CD91.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -83.13% | +61.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -33.29% | +11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -33.29% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -39.55% | +17.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.41% | — |
Current DrawdownCurrent decline from peak | -22.00% | -31.05% | +9.05% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -53.47% | +47.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 12.91% | -4.97% |
Volatility
GLDA.DE vs. CD91.DE - Volatility Comparison
The current volatility for Amundi Physical Gold ETC (C) (GLDA.DE) is 7.96%, while Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a volatility of 17.14%. This indicates that GLDA.DE experiences smaller price fluctuations and is considered to be less risky than CD91.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.DE | CD91.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 17.14% | -9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 36.98% | -15.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 44.98% | -20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 34.94% | -18.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 34.55% | -18.47% |
GLDA.DE vs. CD91.DE - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is lower than CD91.DE's 0.65% expense ratio.
Dividends
GLDA.DE vs. CD91.DE - Dividend Comparison
GLDA.DE has not paid dividends to shareholders, while CD91.DE's dividend yield for the trailing twelve months is around 0.17%.
| 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
GLDA.DE and CD91.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.
GLDA.DE tracks Gold, while CD91.DE tracks NYSE Arca Gold BUGS. Their fees differ too: 0.12% for GLDA.DE and 0.65% for CD91.DE.
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