M9SD.DE vs. CD91.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE).

M9SD.DE and CD91.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. M9SD.DE is a passively managed fund by China Post Global that tracks the performance of the NYSE Arca Gold BUGS. It was launched on Jan 11, 2007. CD91.DE is a passively managed fund by Amundi that tracks the performance of the NYSE Arca Gold BUGS. It was launched on Dec 7, 2023. Both M9SD.DE and CD91.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

M9SD.DE vs. CD91.DE - 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 Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE). The values are adjusted to include any dividend payments, if applicable.

M9SD.DE vs. CD91.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	15.79%	130.74%	20.64%	2.95%	-2.13%	-8.52%	14.07%	50.51%	-13.27%	-11.82%
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	15.48%	132.40%	20.73%	2.42%	-1.60%	-8.06%	15.38%	49.81%	-12.27%	-11.24%

Returns By Period

The year-to-date returns for both stocks are quite close, with M9SD.DE having a 15.79% return and CD91.DE slightly lower at 15.48%. Both investments have delivered pretty close results over the past 10 years, with M9SD.DE having a 16.46% annualized return and CD91.DE not far ahead at 16.87%.

M9SD.DE

• 1D: 7.55%
• 1M: -13.35%
• YTD: 15.79%
• 6M: 34.45%
• 1Y: 111.18%
• 3Y*: 44.59%
• 5Y*: 25.54%
• 10Y*: 16.46%

CD91.DE

• 1D: 7.27%
• 1M: -13.37%
• YTD: 15.48%
• 6M: 34.55%
• 1Y: 112.52%
• 3Y*: 44.76%
• 5Y*: 25.82%
• 10Y*: 16.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

M9SD.DE vs. CD91.DE - Expense Ratio Comparison

Both M9SD.DE and CD91.DE have an expense ratio of 0.65%.

M9SD.DE

Market Access NYSE Arca Gold Bugs UCITS ETF

CD91.DE

Amundi NYSE Arca Gold Bugs UCITS ETF Dist

Return for Risk

M9SD.DE vs. CD91.DE — 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: 93
M9SD.DE Sharpe Ratio Rank: 96
M9SD.DE Sortino Ratio Rank: 92
M9SD.DE Omega Ratio Rank: 90
M9SD.DE Calmar Ratio Rank: 94
M9SD.DE Martin Ratio Rank: 93

CD91.DE

CD91.DE Risk / Return Rank: 93
CD91.DE Sharpe Ratio Rank: 96
CD91.DE Sortino Ratio Rank: 93
CD91.DE Omega Ratio Rank: 90
CD91.DE Calmar Ratio Rank: 95
CD91.DE Martin Ratio Rank: 93

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. CD91.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 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.

	M9SD.DE	CD91.DE	Difference
Sharpe ratio Return per unit of total volatility	2.61	2.67	-0.06
Sortino ratio Return per unit of downside risk	2.82	2.90	-0.08
Omega ratio Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio Return relative to maximum drawdown	4.17	4.21	-0.04
Martin ratio Return relative to average drawdown	14.66	14.68	-0.02
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. CD91.DE - Sharpe Ratio Comparison

The current M9SD.DE Sharpe Ratio is 2.61, which is comparable to the CD91.DE Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of M9SD.DE and CD91.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	M9SD.DE	CD91.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.67	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.75	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.48	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.11	+0.03

Correlation

The correlation between M9SD.DE and CD91.DE is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

M9SD.DE vs. CD91.DE - Dividend Comparison

M9SD.DE has not paid dividends to shareholders, while CD91.DE's dividend yield for the trailing twelve months is around 0.12%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	0.12%	0.14%	0.31%	2.37%	1.05%	0.46%	0.14%	0.30%	0.00%	0.57%

Drawdowns

M9SD.DE vs. CD91.DE - Drawdown Comparison

The maximum M9SD.DE drawdown since its inception was -80.12%, roughly equal to the maximum CD91.DE drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and CD91.DE.

Drawdown Indicators

	M9SD.DE	CD91.DE	Difference
Max Drawdown Largest peak-to-trough decline	-80.12%	-80.32%	+0.20%
Max Drawdown (1Y) Largest decline over 1 year	-27.35%	-27.16%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-39.62%	-39.56%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-55.80%	-55.46%	-0.34%
Current Drawdown Current decline from peak	-13.35%	-13.37%	+0.02%
Average Drawdown Average peak-to-trough decline	-42.81%	-46.89%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.78%	7.79%	-0.01%

Volatility

M9SD.DE vs. CD91.DE - Volatility Comparison

Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) have volatilities of 17.77% and 17.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	M9SD.DE	CD91.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.77%	17.63%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	35.75%	35.39%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	42.38%	41.98%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.90%	33.84%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.88%	34.57%	+0.31%