M9SD.DE vs. SPMO
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, M9SD.DE returned 12.24%/yr vs 20.51%/yr for SPMO. At a 0.03 correlation, their price movements are largely independent. M9SD.DE charges 0.65%/yr vs 0.13%/yr for SPMO.
Performance
M9SD.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
M9SD.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, M9SD.DE achieves a 3.74% return, which is significantly lower than SPMO's 29.91% return. Over the past 10 years, M9SD.DE has underperformed SPMO with an annualized return of 12.24%, while SPMO has yielded a comparatively higher 20.51% annualized return.
M9SD.DE
- 1D
- 1.07%
- 1M
- 1.31%
- YTD
- 3.74%
- 6M
- 11.49%
- 1Y
- 70.45%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
SPMO
- 1D
- -1.59%
- 1M
- 11.58%
- YTD
- 29.91%
- 6M
- 27.84%
- 1Y
- 41.51%
- 3Y*
- 38.49%
- 5Y*
- 25.07%
- 10Y*
- 20.51%
M9SD.DE vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between M9SD.DE and SPMO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.03 |
The correlation between M9SD.DE and SPMO shifts across timeframes, from 0.03 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
M9SD.DE vs. SPMO — Risk / Return Rank
M9SD.DE
SPMO
M9SD.DE vs. SPMO - 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 S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.59 | -1.02 |
| Martin ratioReturn relative to average drawdown | 6.47 | 11.70 | -5.23 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.35 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.29 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.99 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.96 | -0.83 |
Drawdowns
M9SD.DE vs. SPMO - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than SPMO's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and SPMO.
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Drawdown Indicators
| M9SD.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -32.02% | -48.10% |
Max Drawdown (1Y)Largest decline over 1 year | -27.35% | -11.63% | -15.72% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -25.02% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -25.02% | -14.60% |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | -32.02% | -23.78% |
Current DrawdownCurrent decline from peak | -22.37% | -1.59% | -20.78% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -4.51% | -38.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 3.56% | +7.28% |
Volatility
M9SD.DE vs. SPMO - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 13.40% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.79%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 6.79% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 13.70% | +20.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 17.73% | +24.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 19.48% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 20.88% | +13.85% |
M9SD.DE vs. SPMO - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
M9SD.DE vs. SPMO - Dividend Comparison
M9SD.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
M9SD.DE and SPMO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE is categorized as Precious Metals, while SPMO is Momentum. M9SD.DE tracks NYSE Arca Gold BUGS, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: China Post Global and Invesco. Their fees differ too: 0.65% for M9SD.DE and 0.13% for SPMO.
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