M9SD.DE vs. XGDU.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and XGDU.DE (Xtrackers IE Physical Gold ETC Securities) are both Gold funds - M9SD.DE tracks the NYSE Arca Gold BUGS while XGDU.DE tracks the Gold. Both are passively managed. Over the past 5 years, M9SD.DE returned 20.44%/yr vs 18.72%/yr for XGDU.DE. A 0.68 correlation means they provide meaningful diversification when combined. M9SD.DE charges 0.65%/yr vs 0.12%/yr for XGDU.DE.
Performance
M9SD.DE vs. XGDU.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 XGDU.DE's -5.61% 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%
XGDU.DE
- 1D
- 0.13%
- 1M
- -8.80%
- YTD
- -5.61%
- 6M
- -6.76%
- 1Y
- 23.53%
- 3Y*
- 25.91%
- 5Y*
- 18.72%
- 10Y*
- —
M9SD.DE vs. XGDU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | -7.80% | 130.74% | 20.64% | 2.95% | -2.13% | -8.52% | 7.02% |
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -5.61% | 49.09% | 34.21% | 9.43% | 6.99% | 3.80% | -10.64% |
Correlation
The correlation between M9SD.DE and XGDU.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.68 |
The correlation between M9SD.DE and XGDU.DE has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. XGDU.DE — Risk / Return Rank
M9SD.DE
XGDU.DE
M9SD.DE vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.06 | +0.71 |
| Martin ratioReturn relative to average drawdown | 4.58 | 2.47 | +2.10 |
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Drawdowns
M9SD.DE vs. XGDU.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, which is greater than XGDU.DE's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and XGDU.DE.
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Drawdown Indicators
| M9SD.DE | XGDU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -22.01% | -58.11% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -22.01% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -32.80% | -22.01% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -22.01% | -17.61% |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | — | — |
Current DrawdownCurrent decline from peak | -31.00% | -21.91% | -9.09% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -6.83% | -35.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 9.49% | +3.28% |
Volatility
M9SD.DE vs. XGDU.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) has a higher volatility of 16.68% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.DE) at 8.00%. This indicates that M9SD.DE's price experiences larger fluctuations and is considered to be riskier than XGDU.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 | XGDU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 8.00% | +8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 36.69% | 21.36% | +15.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 32.53% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.93% | 18.97% | +15.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.88% | 18.76% | +16.12% |
M9SD.DE vs. XGDU.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is higher than XGDU.DE's 0.12% expense ratio.
Dividends
M9SD.DE vs. XGDU.DE - Dividend Comparison
Neither M9SD.DE nor XGDU.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SD.DE and XGDU.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for M9SD.DE.
M9SD.DE tracks NYSE Arca Gold BUGS, while XGDU.DE tracks Gold. They also come from different issuers: China Post Global and Xtrackers. Their fees differ too: 0.65% for M9SD.DE and 0.12% for XGDU.DE.
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