0GZB.DE vs. XMWJ.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and XMWJ.DE (WisdomTree Industrial Metals Enhanced) are both Metals funds - 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged) while XMWJ.DE tracks the Optimised Roll Industrial Metals. Both are passively managed. Over the past 5 years, 0GZB.DE returned 6.77%/yr vs 6.79%/yr for XMWJ.DE. A 0.72 correlation means they provide meaningful diversification when combined. 0GZB.DE charges 1.20%/yr vs 0.40%/yr for XMWJ.DE.
Performance
0GZB.DE vs. XMWJ.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 XMWJ.DE's 11.66% 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*
- —
XMWJ.DE
- 1D
- -0.39%
- 1M
- 4.31%
- YTD
- 11.66%
- 6M
- 17.70%
- 1Y
- 28.56%
- 3Y*
- 8.41%
- 5Y*
- 6.79%
- 10Y*
- —
0GZB.DE vs. XMWJ.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% |
XMWJ.DE WisdomTree Industrial Metals Enhanced | 11.66% | 3.54% | 10.30% | -10.91% | 5.77% | 37.50% | 5.00% | 2.40% |
Correlation
The correlation between 0GZB.DE and XMWJ.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.72 |
The correlation between 0GZB.DE and XMWJ.DE has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.
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Return for Risk
0GZB.DE vs. XMWJ.DE — Risk / Return Rank
0GZB.DE
XMWJ.DE
0GZB.DE vs. XMWJ.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 WisdomTree Industrial Metals Enhanced (XMWJ.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 | XMWJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.89 | -0.29 |
| Martin ratioReturn relative to average drawdown | 12.08 | 12.97 | -0.89 |
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 | XMWJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.85 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.34 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.40 | +0.23 |
Drawdowns
0GZB.DE vs. XMWJ.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, smaller than the maximum XMWJ.DE drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and XMWJ.DE.
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Drawdown Indicators
| 0GZB.DE | XMWJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -36.27% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -7.31% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -21.35% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -36.27% | +4.43% |
Current DrawdownCurrent decline from peak | -2.20% | -14.55% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -18.56% | +8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.20% | +1.30% |
Volatility
0GZB.DE vs. XMWJ.DE - Volatility Comparison
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a higher volatility of 6.38% compared to WisdomTree Industrial Metals Enhanced (XMWJ.DE) at 4.56%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than XMWJ.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 | XMWJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 4.56% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 12.97% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 15.40% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 19.70% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 18.48% | +2.01% |
0GZB.DE vs. XMWJ.DE - Expense Ratio Comparison
0GZB.DE has a 1.20% expense ratio, which is higher than XMWJ.DE's 0.40% expense ratio.
Dividends
0GZB.DE vs. XMWJ.DE - Dividend Comparison
Neither 0GZB.DE nor XMWJ.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and XMWJ.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWJ.DE is cheaper with a 0.40% expense ratio, compared with 1.20% for 0GZB.DE.
0GZB.DE tracks RICI Enhanced Copper (EUR Hedged), while XMWJ.DE tracks Optimised Roll Industrial Metals. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 1.20% for 0GZB.DE and 0.40% for XMWJ.DE.
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