M9SD.DE vs. ^GSPC
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) is Gold fund tracking the NYSE Arca Gold BUGS, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, M9SD.DE returned 9.28%/yr vs 13.00%/yr for ^GSPC. Their 0.01 correlation means their historical movements had little consistent relationship.
Performance
M9SD.DE vs. ^GSPC - Performance Comparison
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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 -0.79% return, which is significantly lower than ^GSPC's 14.68% return. Over the past 10 years, M9SD.DE has underperformed ^GSPC with an annualized return of 9.28%, while ^GSPC has yielded a comparatively higher 13.00% annualized return.
M9SD.DE
- 1D
- 8.13%
- 1M
- 5.09%
- 6M
- -9.95%
- YTD
- -0.79%
- 1Y
- 54.06%
- 3Y*
- 43.47%
- 5Y*
- 23.00%
- 10Y*
- 9.28%
- ALL TIME*
- 4.70%
^GSPC
- 1D
- -0.41%
- 1M
- 1.47%
- 6M
- 14.63%
- YTD
- 14.68%
- 1Y
- 22.78%
- 3Y*
- 18.01%
- 5Y*
- 12.12%
- 10Y*
- 13.00%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | €34.03T | €33.19T | €35.94T |
| €131.89K | €202.57K | €181.22K |
M9SD.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | -0.79% | 130.74% | 20.64% | 2.95% | -2.13% | -8.52% | 14.07% | 50.51% | -13.27% | -11.82% |
^GSPC S&P 500 Index | 14.68% | 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 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2007 | 0.01 |
Over the past year, M9SD.DE and ^GSPC have become more correlated (0.23) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
M9SD.DE vs. ^GSPC — Risk / Return Rank
M9SD.DE
^GSPC
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.
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.
| M9SD.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.02 | -1.57 |
| Martin ratioReturn relative to average drawdown | 3.19 | 11.21 | -8.02 |
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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 -48.34%. 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 | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -48.34% | -31.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.98% | -7.57% | -29.41% |
Max Drawdown (3Y)Largest decline over 3 years | -36.98% | -23.99% | -12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -23.99% | -15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -55.30% | -33.42% | -21.88% |
Current DrawdownCurrent decline from peak | -25.76% | -0.41% | -25.35% |
Average DrawdownAverage peak-to-trough decline | -42.47% | -7.83% | -34.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.90% | 2.04% | +14.86% |
Volatility
M9SD.DE vs. ^GSPC - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 16.00% compared to S&P 500 Index (^GSPC) at 4.07%. 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 | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.00% | 4.07% | +11.93% |
Volatility (6M)Calculated over the trailing 6-month period | 36.36% | 9.00% | +27.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.27% | 12.50% | +34.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.63% | 16.89% | +18.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.15% | 18.62% | +16.53% |
Frequently Asked Questions
M9SD.DE and ^GSPC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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