M9SD.DE vs. WGLD.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and WGLD.DE (WisdomTree Core Physical Gold) are both Gold funds - M9SD.DE tracks the NYSE Arca Gold BUGS while WGLD.DE tracks the Gold. Both are passively managed. Over the past 5 years, M9SD.DE returned 20.44%/yr vs 19.71%/yr for WGLD.DE. A 0.68 correlation means they provide meaningful diversification when combined. M9SD.DE charges 0.65%/yr vs 0.12%/yr for WGLD.DE.
Performance
M9SD.DE vs. WGLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SD.DE achieves a -7.80% return, which is significantly lower than WGLD.DE's 2.75% return.
M9SD.DE
- 1D
- 1.41%
- 1M
- -11.61%
- YTD
- -7.80%
- 6M
- -9.35%
- 1Y
- 58.60%
- 3Y*
- 38.57%
- 5Y*
- 20.44%
- 10Y*
- 10.15%
WGLD.DE
- 1D
- 0.59%
- 1M
- -0.75%
- YTD
- 2.75%
- 6M
- 1.52%
- 1Y
- 34.44%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
M9SD.DE vs. WGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | -7.80% | 130.74% | 20.64% | 2.95% | -2.13% | -1.83% |
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.60% |
Correlation
The correlation between M9SD.DE and WGLD.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021 | 0.68 |
The correlation between M9SD.DE and WGLD.DE has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. WGLD.DE — Risk / Return Rank
M9SD.DE
WGLD.DE
M9SD.DE vs. WGLD.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 Core Physical Gold (WGLD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| M9SD.DE | WGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.81 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.60 | -0.02 |
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Drawdowns
M9SD.DE vs. WGLD.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than WGLD.DE's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and WGLD.DE.
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Drawdown Indicators
| M9SD.DE | WGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -16.58% | -63.54% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -16.58% | -16.22% |
Max Drawdown (3Y)Largest decline over 3 years | -32.80% | -16.58% | -16.22% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -16.58% | -23.04% |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | — | — |
Current DrawdownCurrent decline from peak | -31.00% | -14.99% | -16.01% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -4.27% | -38.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 6.54% | +6.23% |
Volatility
M9SD.DE vs. WGLD.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 16.68% compared to WisdomTree Core Physical Gold (WGLD.DE) at 5.05%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than WGLD.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 | WGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 5.05% | +11.63% |
Volatility (6M)Calculated over the trailing 6-month period | 36.69% | 20.18% | +16.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 23.13% | +21.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.93% | 16.05% | +18.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.88% | 15.87% | +19.01% |
M9SD.DE vs. WGLD.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than WGLD.DE's 0.12% expense ratio.
Dividends
M9SD.DE vs. WGLD.DE - Dividend Comparison
Neither M9SD.DE nor WGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SD.DE and WGLD.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE tracks NYSE Arca Gold BUGS, while WGLD.DE tracks Gold. They also come from different issuers: China Post Global and WisdomTree. Their fees differ too: 0.65% for M9SD.DE and 0.12% for WGLD.DE.
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