XGDU.DE vs. CD91.DE

Last updated Jun 26, 2026

XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) are both Gold funds - XGDU.DE tracks the Gold while CD91.DE tracks the NYSE Arca Gold BUGS. Both are passively managed. Over the past 5 years, XGDU.DE returned 18.72%/yr vs 20.74%/yr for CD91.DE. A 0.69 correlation means they provide meaningful diversification when combined. XGDU.DE charges 0.12%/yr vs 0.65%/yr for CD91.DE.

Performance

XGDU.DE vs. CD91.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGDU.DE achieves a -5.61% return, which is significantly higher than CD91.DE's -8.09% return.

XGDU.DE

• 1D: 0.13%
• 1M: -8.80%
• YTD: -5.61%
• 6M: -6.76%
• 1Y: 23.53%
• 3Y*: 25.91%
• 5Y*: 18.72%
• 10Y*: —

CD91.DE

• 1D: 1.23%
• 1M: -10.88%
• YTD: -8.09%
• 6M: -10.48%
• 1Y: 58.41%
• 3Y*: 38.73%
• 5Y*: 20.74%
• 10Y*: 10.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGDU.DE vs. CD91.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XGDU.DE Xtrackers IE Physical Gold ETC Securities	-5.61%	49.09%	34.21%	9.43%	6.99%	3.80%	-10.64%
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	-8.09%	132.46%	20.72%	2.57%	-1.60%	-7.98%	8.25%

Correlation

The correlation between XGDU.DE and CD91.DE is 0.77, 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	0.77
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	0.69

The correlation between XGDU.DE and CD91.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

XGDU.DE vs. CD91.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGDU.DE

XGDU.DE Risk / Return Rank: 24
XGDU.DE Sharpe Ratio Rank: 22
XGDU.DE Sortino Ratio Rank: 21
XGDU.DE Omega Ratio Rank: 31
XGDU.DE Calmar Ratio Rank: 24
XGDU.DE Martin Ratio Rank: 22

CD91.DE

CD91.DE Risk / Return Rank: 37
CD91.DE Sharpe Ratio Rank: 40
CD91.DE Sortino Ratio Rank: 37
CD91.DE Omega Ratio Rank: 37
CD91.DE Calmar Ratio Rank: 38
CD91.DE Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGDU.DE vs. CD91.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.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.

	XGDU.DE	CD91.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.29	-0.57
Sortino ratio: Return per unit of downside risk	1.12	1.77	-0.65
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.06	1.75	-0.68
Martin ratio: Return relative to average drawdown	2.47	4.51	-2.04

XGDU.DE vs. CD91.DE - Sharpe Ratio Comparison

The current XGDU.DE Sharpe Ratio is 0.72, which is lower than the CD91.DE Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of XGDU.DE and CD91.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XGDU.DE vs. CD91.DE - Drawdown Comparison

The maximum XGDU.DE drawdown since its inception was -22.01%, smaller than the maximum CD91.DE drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and CD91.DE.

Drawdown Indicators

	XGDU.DE	CD91.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-83.13%	+61.12%
Max Drawdown (1Y) Largest decline over 1 year	-22.01%	-33.29%	+11.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.01%	-33.29%	+11.28%
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	-39.55%	+17.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.41%	—
Current Drawdown Current decline from peak	-21.91%	-31.05%	+9.14%
Average Drawdown Average peak-to-trough decline	-6.83%	-53.47%	+46.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.49%	12.91%	-3.42%

Volatility

XGDU.DE vs. CD91.DE - Volatility Comparison

The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) is 8.00%, while Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a volatility of 17.14%. This indicates that XGDU.DE experiences smaller price fluctuations and is considered to be less risky than CD91.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGDU.DE	CD91.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	17.14%	-9.14%
Volatility (6M) Calculated over the trailing 6-month period	21.36%	36.98%	-15.62%
Volatility (1Y) Calculated over the trailing 1-year period	32.53%	44.98%	-12.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	34.94%	-15.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	34.55%	-15.79%

XGDU.DE vs. CD91.DE - Expense Ratio Comparison

XGDU.DE has a 0.12% expense ratio, which is lower than CD91.DE's 0.65% expense ratio.

Dividends

XGDU.DE vs. CD91.DE - Dividend Comparison

XGDU.DE has not paid dividends to shareholders, while CD91.DE's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	0.17%	0.16%	0.33%	2.50%	1.04%	0.54%	0.17%	0.33%	0.00%	0.69%
XGDU.DE Xtrackers IE Physical Gold ETC Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGDU.DE and CD91.DE in my portfolio?

XGDU.DE and CD91.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGDU.DE or CD91.DE?

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.

Which ETF is cheaper, XGDU.DE or CD91.DE?

XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for CD91.DE.

What is the main difference between XGDU.DE and CD91.DE?

XGDU.DE tracks Gold, while CD91.DE tracks NYSE Arca Gold BUGS. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.12% for XGDU.DE and 0.65% for CD91.DE.