M9SD.DE vs. 8PSG.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both Gold funds - M9SD.DE tracks the NYSE Arca Gold BUGS while 8PSG.DE tracks the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, M9SD.DE returned 10.15%/yr vs 11.21%/yr for 8PSG.DE. A 0.60 correlation means they provide meaningful diversification when combined. M9SD.DE charges 0.65%/yr vs 0.12%/yr for 8PSG.DE.
Performance
M9SD.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SD.DE achieves a -7.80% return, which is significantly lower than 8PSG.DE's -5.74% return. Over the past 10 years, M9SD.DE has underperformed 8PSG.DE with an annualized return of 10.15%, while 8PSG.DE has yielded a comparatively higher 11.21% annualized return.
M9SD.DE
- 1D
- 1.41%
- 1M
- -11.61%
- YTD
- -7.80%
- 6M
- -9.35%
- 1Y
- 58.60%
- 3Y*
- 38.57%
- 5Y*
- 20.44%
- 10Y*
- 10.15%
8PSG.DE
- 1D
- 0.00%
- 1M
- -8.94%
- YTD
- -5.74%
- 6M
- -6.86%
- 1Y
- 23.34%
- 3Y*
- 26.68%
- 5Y*
- 18.68%
- 10Y*
- 11.21%
M9SD.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | -7.80% | 130.74% | 20.64% | 2.95% | -2.13% | -8.52% | 14.07% | 50.51% | -13.27% | -11.82% |
8PSG.DE Invesco Physical Gold ETC | -5.74% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
Correlation
The correlation between M9SD.DE and 8PSG.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 | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.60 |
The correlation between M9SD.DE and 8PSG.DE shifts across timeframes, from 0.57 (5 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
M9SD.DE vs. 8PSG.DE — Risk / Return Rank
M9SD.DE
8PSG.DE
M9SD.DE vs. 8PSG.DE - 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 Invesco Physical Gold ETC (8PSG.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.
| M9SD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.06 | +0.72 |
| Martin ratioReturn relative to average drawdown | 4.58 | 2.46 | +2.11 |
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Drawdowns
M9SD.DE vs. 8PSG.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than 8PSG.DE's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and 8PSG.DE.
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Drawdown Indicators
| M9SD.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -54.21% | -25.91% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -22.00% | -10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -32.80% | -22.00% | -10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -22.00% | -17.62% |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | -22.00% | -33.80% |
Current DrawdownCurrent decline from peak | -31.00% | -22.00% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -23.97% | -18.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 9.48% | +3.29% |
Volatility
M9SD.DE vs. 8PSG.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 16.68% compared to Invesco Physical Gold ETC (8PSG.DE) at 7.99%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than 8PSG.DE 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 | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 7.99% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 36.69% | 21.34% | +15.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 33.08% | +11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.93% | 18.49% | +16.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.88% | 21.84% | +13.04% |
M9SD.DE vs. 8PSG.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
M9SD.DE vs. 8PSG.DE - Dividend Comparison
Neither M9SD.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SD.DE and 8PSG.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, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE tracks NYSE Arca Gold BUGS, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: China Post Global and Invesco. Their fees differ too: 0.65% for M9SD.DE and 0.12% for 8PSG.DE.
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