M9SA.DE vs. M9SD.DE
M9SA.DE (Market Access Rogers International Commodity UCITS ETF) and M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) are both exchange-traded funds - M9SA.DE is a Commodities fund tracking the Rogers International Commodity (RICI), while M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS. Both are passively managed. Over the past 10 years, M9SA.DE returned 7.64%/yr vs 12.24%/yr for M9SD.DE. At a 0.23 correlation, their price movements are largely independent. M9SA.DE charges 0.60%/yr vs 0.65%/yr for M9SD.DE.
Performance
M9SA.DE vs. M9SD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SA.DE achieves a 32.08% return, which is significantly higher than M9SD.DE's 3.74% return. Over the past 10 years, M9SA.DE has underperformed M9SD.DE with an annualized return of 7.64%, while M9SD.DE has yielded a comparatively higher 12.24% annualized return.
M9SA.DE
- 1D
- -1.46%
- 1M
- -3.15%
- YTD
- 32.08%
- 6M
- 32.39%
- 1Y
- 39.29%
- 3Y*
- 12.05%
- 5Y*
- 13.63%
- 10Y*
- 7.64%
M9SD.DE
- 1D
- 1.07%
- 1M
- 1.31%
- YTD
- 3.74%
- 6M
- 11.49%
- 1Y
- 70.45%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
M9SA.DE vs. M9SD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M9SA.DE Market Access Rogers International Commodity UCITS ETF | 32.08% | -4.38% | 10.96% | -8.16% | 23.00% | 52.58% | -18.26% | 13.66% | -5.52% | -10.12% |
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 M9SA.DE and M9SD.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 9, 2007 | 0.23 |
The correlation between M9SA.DE and M9SD.DE shifts across timeframes, from -0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
M9SA.DE vs. M9SD.DE — Risk / Return Rank
M9SA.DE
M9SD.DE
M9SA.DE vs. M9SD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access Rogers International Commodity UCITS ETF (M9SA.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.
| M9SA.DE | M9SD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 2.56 | +1.79 |
| Martin ratioReturn relative to average drawdown | 8.24 | 6.47 | +1.77 |
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
| M9SA.DE | M9SD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.65 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.58 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.35 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.12 | -0.06 |
Drawdowns
M9SA.DE vs. M9SD.DE - Drawdown Comparison
The maximum M9SA.DE drawdown since its inception was -68.53%, smaller than the maximum M9SD.DE drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for M9SA.DE and M9SD.DE.
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Drawdown Indicators
| M9SA.DE | M9SD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -80.12% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -27.35% | +18.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.75% | -27.35% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -39.62% | +12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.54% | -55.80% | +13.26% |
Current DrawdownCurrent decline from peak | -5.62% | -22.37% | +16.75% |
Average DrawdownAverage peak-to-trough decline | -33.68% | -42.59% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 10.84% | -6.08% |
Volatility
M9SA.DE vs. M9SD.DE - Volatility Comparison
The current volatility for Market Access Rogers International Commodity UCITS ETF (M9SA.DE) is 6.09%, while Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a volatility of 13.40%. This indicates that M9SA.DE experiences smaller price fluctuations and is considered to be less risky than M9SD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M9SA.DE | M9SD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 13.40% | -7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 33.87% | -14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 42.57% | -20.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.25% | 34.36% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 34.73% | -16.62% |
M9SA.DE vs. M9SD.DE - Expense Ratio Comparison
M9SA.DE has a 0.60% expense ratio, which is lower than M9SD.DE's 0.65% expense ratio.
Dividends
M9SA.DE vs. M9SD.DE - Dividend Comparison
Neither M9SA.DE nor M9SD.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SA.DE and M9SD.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SA.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SA.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for M9SD.DE.
M9SA.DE is categorized as Commodities, while M9SD.DE is Precious Metals. M9SA.DE tracks Rogers International Commodity (RICI), while M9SD.DE tracks NYSE Arca Gold BUGS. Their fees differ too: 0.60% for M9SA.DE and 0.65% for M9SD.DE.
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