0GZB.DE vs. ESAP.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both exchange-traded funds - 0GZB.DE is a Metals fund tracking the RICI Enhanced Copper (EUR Hedged), while ESAP.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, 0GZB.DE returned 6.77%/yr vs 14.69%/yr for ESAP.DE. At a 0.21 correlation, their price movements are largely independent. 0GZB.DE charges 1.20%/yr vs 0.15%/yr for ESAP.DE.
Performance
0GZB.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
0GZB.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with 0GZB.DE having a 10.76% return and ESAP.DE slightly higher at 11.28%.
0GZB.DE
- 1D
- 0.84%
- 1M
- 3.24%
- YTD
- 10.76%
- 6M
- 20.27%
- 1Y
- 40.22%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
ESAP.DE
- 1D
- -0.13%
- 1M
- 5.18%
- YTD
- 11.28%
- 6M
- 11.26%
- 1Y
- 25.49%
- 3Y*
- 18.74%
- 5Y*
- 14.69%
- 10Y*
- —
0GZB.DE vs. ESAP.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% | 3.35% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.29% | 4.09% | 32.39% | 23.18% | -14.49% | 41.14% | 7.12% | 3.49% |
Correlation
The correlation between 0GZB.DE and ESAP.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.21 |
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Return for Risk
0GZB.DE vs. ESAP.DE — Risk / Return Rank
0GZB.DE
ESAP.DE
0GZB.DE vs. ESAP.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 BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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 | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.55 | +0.05 |
| Martin ratioReturn relative to average drawdown | 12.08 | 12.14 | -0.06 |
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 | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.03 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.91 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.84 | -0.22 |
Drawdowns
0GZB.DE vs. ESAP.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and ESAP.DE.
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Drawdown Indicators
| 0GZB.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -33.74% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -7.14% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -22.82% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -22.82% | -9.02% |
Current DrawdownCurrent decline from peak | -2.20% | -0.42% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -4.99% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.09% | +1.41% |
Volatility
0GZB.DE vs. ESAP.DE - Volatility Comparison
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a higher volatility of 6.38% compared to BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) at 3.01%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than ESAP.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 | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 3.01% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 8.64% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 12.50% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 15.93% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 17.80% | +2.69% |
0GZB.DE vs. ESAP.DE - Expense Ratio Comparison
0GZB.DE has a 1.20% expense ratio, which is higher than ESAP.DE's 0.15% expense ratio.
Dividends
0GZB.DE vs. ESAP.DE - Dividend Comparison
Neither 0GZB.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and ESAP.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 1.20% for 0GZB.DE.
0GZB.DE is categorized as Metals, while ESAP.DE is S&P 500. 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged), while ESAP.DE tracks S&P 500 Index. Their fees differ too: 1.20% for 0GZB.DE and 0.15% for ESAP.DE.
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