0GZB.DE vs. 0GZD.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds from BNP Paribas - 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged) while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, 0GZB.DE returned 6.77%/yr vs 5.74%/yr for 0GZD.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 1.20% expense ratio.
Performance
0GZB.DE vs. 0GZD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 0GZB.DE achieves a 10.76% return, which is significantly lower than 0GZD.DE's 11.84% return.
0GZB.DE
- 1D
- 0.84%
- 1M
- 3.24%
- YTD
- 10.76%
- 6M
- 20.27%
- 1Y
- 40.22%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
0GZB.DE vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 20.19% | 21.59% | 6.66% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
Correlation
The correlation between 0GZB.DE and 0GZD.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.82 |
The correlation between 0GZB.DE and 0GZD.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
0GZB.DE vs. 0GZD.DE — Risk / Return Rank
0GZB.DE
0GZD.DE
0GZB.DE vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.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.
| 0GZB.DE | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.25 | +0.36 |
| Martin ratioReturn relative to average drawdown | 12.08 | 12.05 | +0.03 |
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
| 0GZB.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.04 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.30 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.48 | +0.15 |
Drawdowns
0GZB.DE vs. 0GZD.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, smaller than the maximum 0GZD.DE drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and 0GZD.DE.
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Drawdown Indicators
| 0GZB.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -39.86% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -9.42% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -17.15% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -39.86% | +8.02% |
Current DrawdownCurrent decline from peak | -2.20% | -8.92% | +6.72% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -19.47% | +9.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.54% | +0.96% |
Volatility
0GZB.DE vs. 0GZD.DE - Volatility Comparison
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a higher volatility of 6.38% compared to BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) at 4.69%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GZB.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 4.69% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 12.59% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 15.00% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 19.20% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 18.11% | +2.38% |
0GZB.DE vs. 0GZD.DE - Expense Ratio Comparison
Both 0GZB.DE and 0GZD.DE have an expense ratio of 1.20%.
Dividends
0GZB.DE vs. 0GZD.DE - Dividend Comparison
Neither 0GZB.DE nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and 0GZD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
0GZB.DE and 0GZD.DE have the same expense ratio: 1.20% per year.
0GZB.DE tracks RICI Enhanced Copper (EUR Hedged), while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged).
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