0GZB.DE vs. ESEE.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both exchange-traded funds - 0GZB.DE is a Metals fund tracking the RICI Enhanced Copper (EUR Hedged), while ESEE.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 ESEE.DE. At a 0.20 correlation, their price movements are largely independent. 0GZB.DE charges 1.20%/yr vs 0.15%/yr for ESEE.DE.
Performance
0GZB.DE vs. ESEE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 0GZB.DE having a 10.76% return and ESEE.DE slightly higher at 11.27%.
0GZB.DE
- 1D
- 0.84%
- 1M
- 3.24%
- YTD
- 10.76%
- 6M
- 20.27%
- 1Y
- 40.22%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
ESEE.DE
- 1D
- -0.16%
- 1M
- 4.36%
- YTD
- 11.27%
- 6M
- 10.71%
- 1Y
- 25.27%
- 3Y*
- 18.69%
- 5Y*
- 14.69%
- 10Y*
- 15.09%
0GZB.DE vs. ESEE.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% |
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 11.27% | 4.37% | 32.16% | 22.65% | -14.21% | 40.85% | 7.14% | 12.55% |
Correlation
The correlation between 0GZB.DE and ESEE.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.20 |
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Return for Risk
0GZB.DE vs. ESEE.DE — Risk / Return Rank
0GZB.DE
ESEE.DE
0GZB.DE vs. ESEE.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 EUR (ESEE.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 | ESEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.51 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.08 | 12.48 | -0.39 |
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 | ESEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.17 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.96 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.95 | -0.32 |
Drawdowns
0GZB.DE vs. ESEE.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, smaller than the maximum ESEE.DE drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and ESEE.DE.
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Drawdown Indicators
| 0GZB.DE | ESEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -33.58% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -7.18% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -23.46% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -23.46% | -8.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.45% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -4.12% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.03% | +1.47% |
Volatility
0GZB.DE vs. ESEE.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 EUR (ESEE.DE) at 2.65%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than ESEE.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 | ESEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 2.65% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 7.60% | +9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 11.61% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 15.20% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 16.09% | +4.40% |
0GZB.DE vs. ESEE.DE - Expense Ratio Comparison
0GZB.DE has a 1.20% expense ratio, which is higher than ESEE.DE's 0.15% expense ratio.
Dividends
0GZB.DE vs. ESEE.DE - Dividend Comparison
Neither 0GZB.DE nor ESEE.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and ESEE.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEE.DE is cheaper with a 0.15% expense ratio, compared with 1.20% for 0GZB.DE.
0GZB.DE is categorized as Metals, while ESEE.DE is S&P 500. 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged), while ESEE.DE tracks S&P 500 Index. Their fees differ too: 1.20% for 0GZB.DE and 0.15% for ESEE.DE.
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