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M9SD.DE vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

M9SD.DE vs. ^GSPC

Last updated Jun 5, 2026

M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) is Precious Metals fund tracking the NYSE Arca Gold BUGS, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, M9SD.DE returned 12.24%/yr vs 13.40%/yr for ^GSPC. At a 0.01 correlation, their price movements are largely independent.

Performance

M9SD.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

M9SD.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, M9SD.DE achieves a 3.74% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, M9SD.DE has underperformed ^GSPC with an annualized return of 12.24%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.

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%

^GSPC

1D
0.27%
1M
5.17%
YTD
12.06%
6M
10.90%
1Y
24.89%
3Y*
17.85%
5Y*
13.43%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

M9SD.DE vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
^GSPC
S&P 500 Index		12.06%2.58%31.45%20.51%-14.45%36.38%6.68%31.79%-1.84%4.74%

Correlation

The correlation between M9SD.DE and ^GSPC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2007

0.01

The correlation between M9SD.DE and ^GSPC shifts across timeframes, from 0.00 (10 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Market Access NYSE Arca Gold Bugs UCITS ETF

S&P 500 Index

Often compared with M9SD.DE:
M9SD.DE vs. AUCP.LM9SD.DE vs. SPMOM9SD.DE vs. WSLV.DEM9SD.DE vs. G2X.DEM9SD.DE vs. CD91.DEM9SD.DE vs. RM8U.DEM9SD.DE vs. ETLX.DE
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

M9SD.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
M9SD.DE
M9SD.DE Risk / Return Rank: 4646
Overall Rank
M9SD.DE Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
M9SD.DE Sortino Ratio Rank: 4242
Sortino Ratio Rank
M9SD.DE Omega Ratio Rank: 4444
Omega Ratio Rank
M9SD.DE Calmar Ratio Rank: 5252
Calmar Ratio Rank
M9SD.DE Martin Ratio Rank: 4141
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 8080
Overall Rank
^GSPC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7979
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7979
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7676
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

M9SD.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and S&P 500 Index (^GSPC). 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.

M9SD.DE^GSPCDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.04

-0.39

Sortino ratioReturn per unit of downside risk
2.09
2.65

-0.57

Omega ratioGain probability vs. loss probability

1.27

1.37

-0.10

Calmar ratioReturn relative to maximum drawdown

2.56

3.30

-0.74

Martin ratioReturn relative to average drawdown

6.47

12.34

-5.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

M9SD.DE vs. ^GSPC - Sharpe Ratio Comparison

The current M9SD.DE Sharpe Ratio is 1.65, which is comparable to the ^GSPC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of M9SD.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

M9SD.DE^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

2.04

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.80

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.72

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.51

-0.38

Drawdowns

M9SD.DE vs. ^GSPC - Drawdown Comparison

The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and ^GSPC.

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Drawdown Indicators

M9SD.DE^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-80.12%

-51.62%

-28.50%

Max Drawdown (1Y)

Largest decline over 1 year

-27.35%

-7.57%

-19.78%

Max Drawdown (3Y)

Largest decline over 3 years

-27.35%

-23.99%

-3.36%

Max Drawdown (5Y)

Largest decline over 5 years

-39.62%

-23.99%

-15.63%

Max Drawdown (10Y)

Largest decline over 10 years

-55.80%

-33.42%

-22.38%

Current Drawdown

Current decline from peak

-22.37%

-0.20%

-22.17%

Average Drawdown

Average peak-to-trough decline

-42.59%

-9.08%

-33.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.84%

2.02%

+8.82%

Volatility

M9SD.DE vs. ^GSPC - Volatility Comparison

Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 13.40% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

M9SD.DE^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.40%

2.24%

+11.16%

Volatility (6M)

Calculated over the trailing 6-month period

33.87%

8.62%

+25.25%

Volatility (1Y)

Calculated over the trailing 1-year period

42.57%

12.29%

+30.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.36%

16.79%

+17.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.73%

18.59%

+16.14%

Frequently Asked Questions

M9SD.DE and ^GSPC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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