M9SD.DE vs. PPFB.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and PPFB.DE (iShares Physical Gold ETC) are both Precious Metals funds - M9SD.DE tracks the NYSE Arca Gold BUGS while PPFB.DE tracks the Gold. Both are passively managed. Over the past 3 years, M9SD.DE returned 40.66%/yr vs 28.05%/yr for PPFB.DE. A 0.69 correlation means they provide meaningful diversification when combined. M9SD.DE charges 0.65%/yr vs 0.12%/yr for PPFB.DE.
Performance
M9SD.DE vs. PPFB.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 PPFB.DE's 2.74% 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%
PPFB.DE
- 1D
- 0.61%
- 1M
- -3.62%
- YTD
- 2.74%
- 6M
- 6.18%
- 1Y
- 31.16%
- 3Y*
- 28.05%
- 5Y*
- —
- 10Y*
- —
M9SD.DE vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | 3.74% | 130.74% | 20.64% | 2.95% | -2.13% | -1.63% |
PPFB.DE iShares Physical Gold ETC | 2.74% | 49.11% | 34.17% | 9.42% | 7.03% | 3.62% |
Correlation
The correlation between M9SD.DE and PPFB.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.69 |
The correlation between M9SD.DE and PPFB.DE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. PPFB.DE — Risk / Return Rank
M9SD.DE
PPFB.DE
M9SD.DE vs. PPFB.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 Physical Gold ETC (PPFB.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 | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.81 | +0.75 |
| Martin ratioReturn relative to average drawdown | 6.47 | 4.60 | +1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| M9SD.DE | PPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.30 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.26 | -1.14 |
Drawdowns
M9SD.DE vs. PPFB.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than PPFB.DE's maximum drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and PPFB.DE.
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Drawdown Indicators
| M9SD.DE | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -16.60% | -63.52% |
Max Drawdown (1Y)Largest decline over 1 year | -27.35% | -16.60% | -10.75% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -16.60% | -10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | — | — |
Current DrawdownCurrent decline from peak | -22.37% | -15.00% | -7.37% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -4.40% | -38.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 6.55% | +4.29% |
Volatility
M9SD.DE vs. PPFB.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 13.40% compared to iShares Physical Gold ETC (PPFB.DE) at 5.11%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than PPFB.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 | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 5.11% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 20.18% | +13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 23.12% | +19.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 16.13% | +18.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 16.13% | +18.60% |
M9SD.DE vs. PPFB.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
M9SD.DE vs. PPFB.DE - Dividend Comparison
Neither M9SD.DE nor PPFB.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SD.DE and PPFB.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPFB.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPFB.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE tracks NYSE Arca Gold BUGS, while PPFB.DE tracks Gold. They also come from different issuers: China Post Global and iShares. Their fees differ too: 0.65% for M9SD.DE and 0.12% for PPFB.DE.
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