M9SD.DE vs. IS0E.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and IS0E.DE (iShares Gold Producers UCITS ETF) are both Precious Metals funds - M9SD.DE tracks the NYSE Arca Gold BUGS while IS0E.DE tracks the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, M9SD.DE returned 12.24%/yr vs 13.92%/yr for IS0E.DE. Their correlation of 0.95 suggests significant overlap in exposure. M9SD.DE charges 0.65%/yr vs 0.55%/yr for IS0E.DE.
Performance
M9SD.DE vs. IS0E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SD.DE achieves a 3.74% return, which is significantly higher than IS0E.DE's -0.06% return. Over the past 10 years, M9SD.DE has underperformed IS0E.DE with an annualized return of 12.24%, while IS0E.DE has yielded a comparatively higher 13.92% annualized return.
M9SD.DE
- 1D
- 1.07%
- 1M
- -4.44%
- YTD
- 3.74%
- 6M
- 11.23%
- 1Y
- 69.16%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
M9SD.DE vs. IS0E.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 | 3.74% | 130.74% | 20.64% | 2.95% | -2.13% | -8.52% | 14.07% | 50.51% | -13.27% | -11.82% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
Correlation
The correlation between M9SD.DE and IS0E.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.95 |
The correlation between M9SD.DE and IS0E.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. IS0E.DE — Risk / Return Rank
M9SD.DE
IS0E.DE
M9SD.DE vs. IS0E.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 iShares Gold Producers UCITS ETF (IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.17 | +0.40 |
| Martin ratioReturn relative to average drawdown | 6.47 | 5.45 | +1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| M9SD.DE | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.24 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.58 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.43 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.18 | -0.05 |
Drawdowns
M9SD.DE vs. IS0E.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than IS0E.DE's maximum drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and IS0E.DE.
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Drawdown Indicators
| M9SD.DE | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -71.63% | -8.49% |
Max Drawdown (1Y)Largest decline over 1 year | -27.35% | -27.26% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -27.26% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -38.03% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | -45.62% | -10.18% |
Current DrawdownCurrent decline from peak | -22.37% | -22.93% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -33.74% | -8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 10.85% | -0.01% |
Volatility
M9SD.DE vs. IS0E.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and iShares Gold Producers UCITS ETF (IS0E.DE) have volatilities of 13.40% and 12.84%, 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.
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Volatility by Period
| M9SD.DE | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 12.84% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 33.62% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 47.58% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 33.83% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 32.53% | +2.20% |
M9SD.DE vs. IS0E.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than IS0E.DE's 0.55% expense ratio.
Dividends
M9SD.DE vs. IS0E.DE - Dividend Comparison
Neither M9SD.DE nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, M9SD.DE and IS0E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE tracks NYSE Arca Gold BUGS, while IS0E.DE tracks S&P Commodity Producers Gold. They also come from different issuers: China Post Global and iShares. Their fees differ too: 0.65% for M9SD.DE and 0.55% for IS0E.DE.
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