YGLD.DE vs. CD91.DE

Last updated Jun 5, 2026

YGLD.DE (IncomeShares Gold + Yield ETP) and CD91.DE (Amundi NYSE Arca Gold Bugs UCITS ETF Dist) are both exchange-traded funds - YGLD.DE is a Derivative Income fund actively managed by Leverage Shares, while CD91.DE is a Gold fund tracking the NYSE Arca Gold BUGS. YGLD.DE is actively managed, while CD91.DE is passively managed. Over the past year, YGLD.DE returned 16.88% vs 67.95% for CD91.DE. A 0.59 correlation means they provide meaningful diversification when combined. YGLD.DE charges 0.35%/yr vs 0.65%/yr for CD91.DE.

Performance

YGLD.DE vs. CD91.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares Gold + Yield ETP (YGLD.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, YGLD.DE achieves a -5.17% return, which is significantly lower than CD91.DE's 2.09% return.

YGLD.DE

• 1D: -0.03%
• 1M: -1.25%
• YTD: -5.17%
• 6M: -1.72%
• 1Y: 16.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CD91.DE

• 1D: 0.92%
• 1M: -0.47%
• YTD: 2.09%
• 6M: 9.79%
• 1Y: 67.95%
• 3Y*: 40.18%
• 5Y*: 20.17%
• 10Y*: 12.49%

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

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

	2026 (YTD)	2025	2024
YGLD.DE IncomeShares Gold + Yield ETP	-5.17%	41.92%	-7.11%
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	2.09%	132.40%	-4.34%

Correlation

The correlation between YGLD.DE and CD91.DE is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Nov 12, 2024	0.59

The correlation between YGLD.DE and CD91.DE has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

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

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

YGLD.DE

YGLD.DE Risk / Return Rank: 21
YGLD.DE Sharpe Ratio Rank: 19
YGLD.DE Sortino Ratio Rank: 19
YGLD.DE Omega Ratio Rank: 26
YGLD.DE Calmar Ratio Rank: 22
YGLD.DE Martin Ratio Rank: 19

CD91.DE

CD91.DE Risk / Return Rank: 44
CD91.DE Sharpe Ratio Rank: 46
CD91.DE Sortino Ratio Rank: 41
CD91.DE Omega Ratio Rank: 42
CD91.DE Calmar Ratio Rank: 51
CD91.DE Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP (YGLD.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.

	YGLD.DE	CD91.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.60	-1.04
Sortino ratio: Return per unit of downside risk	0.91	2.06	-1.15
Omega ratio: Gain probability vs. loss probability	1.17	1.27	-0.09
Calmar ratio: Return relative to maximum drawdown	0.99	2.49	-1.50
Martin ratio: Return relative to average drawdown	1.95	6.17	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current YGLD.DE Sharpe Ratio is 0.56, which is lower than the CD91.DE Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of YGLD.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.

Sharpe Ratios by Period

	YGLD.DE	CD91.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.60	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.09	+0.50

Drawdowns

YGLD.DE vs. CD91.DE - Drawdown Comparison

The maximum YGLD.DE drawdown since its inception was -16.94%, smaller than the maximum CD91.DE drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for YGLD.DE and CD91.DE.

Drawdown Indicators

	YGLD.DE	CD91.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.94%	-80.32%	+63.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.94%	-27.16%	+10.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.46%	—
Current Drawdown Current decline from peak	-15.27%	-23.41%	+8.14%
Average Drawdown Average peak-to-trough decline	-5.54%	-46.60%	+41.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.62%	10.95%	-2.33%

Volatility

YGLD.DE vs. CD91.DE - Volatility Comparison

The current volatility for IncomeShares Gold + Yield ETP (YGLD.DE) is 6.19%, while Amundi NYSE Arca Gold Bugs UCITS ETF Dist (CD91.DE) has a volatility of 13.40%. This indicates that YGLD.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

	YGLD.DE	CD91.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	13.40%	-7.21%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	33.89%	-16.48%
Volatility (1Y) Calculated over the trailing 1-year period	29.80%	42.29%	-12.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.34%	34.31%	-7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.34%	34.40%	-8.06%

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

YGLD.DE has a 0.35% expense ratio, which is lower than CD91.DE's 0.65% expense ratio.

Dividends

YGLD.DE vs. CD91.DE - Dividend Comparison

YGLD.DE's dividend yield for the trailing twelve months is around 6.24%, more than CD91.DE's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CD91.DE Amundi NYSE Arca Gold Bugs UCITS ETF Dist	0.13%	0.14%	0.31%	2.37%	1.05%	0.46%	0.14%	0.30%	0.00%	0.57%
YGLD.DE IncomeShares Gold + Yield ETP	6.24%	6.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

YGLD.DE and CD91.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, YGLD.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

YGLD.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for CD91.DE.

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

YGLD.DE is categorized as Derivative Income, while CD91.DE is Gold. They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.35% for YGLD.DE and 0.65% for CD91.DE.