M9SD.DE vs. SLVR.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, M9SD.DE returned 40.66%/yr vs 45.36%/yr for SLVR.DE. Their correlation of 0.89 suggests significant overlap in exposure. M9SD.DE charges 0.65%/yr vs 0.49%/yr for SLVR.DE.
Performance
M9SD.DE vs. SLVR.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 SLVR.DE's 1.99% 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%
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
M9SD.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | 3.74% | 130.74% | 20.64% | 2.95% | -16.59% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between M9SD.DE and SLVR.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.89 |
The correlation between M9SD.DE and SLVR.DE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. SLVR.DE — Risk / Return Rank
M9SD.DE
SLVR.DE
M9SD.DE vs. SLVR.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 WisdomTree Silver (SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.06 | -0.50 |
| Martin ratioReturn relative to average drawdown | 6.47 | 7.37 | -0.90 |
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 | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.85 | -0.21 |
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 | 0.68 | -0.56 |
Drawdowns
M9SD.DE vs. SLVR.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and SLVR.DE.
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Drawdown Indicators
| M9SD.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -31.33% | -48.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.35% | -30.51% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -30.51% | +3.16% |
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% | -24.02% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -12.66% | -29.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 12.69% | -1.85% |
Volatility
M9SD.DE vs. SLVR.DE - Volatility Comparison
The current volatility for Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) is 13.40%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that M9SD.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 17.06% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 41.25% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 50.34% | -7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 38.29% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 38.29% | -3.56% |
M9SD.DE vs. SLVR.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
M9SD.DE vs. SLVR.DE - Dividend Comparison
Neither M9SD.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, M9SD.DE and SLVR.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, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE is categorized as Precious Metals, while SLVR.DE is Silver. M9SD.DE tracks NYSE Arca Gold BUGS, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: China Post Global and WisdomTree. Their fees differ too: 0.65% for M9SD.DE and 0.49% for SLVR.DE.
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