0GZD.DE vs. ASRE.DE
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - 0GZD.DE is a Metals fund tracking the RICI Enhanced Industrial Metals (EUR Hedged), while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, 0GZD.DE returned 5.74%/yr vs -0.36%/yr for ASRE.DE. At a 0.01 correlation, their price movements are largely independent. 0GZD.DE charges 1.20%/yr vs 0.15%/yr for ASRE.DE.
Performance
0GZD.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 0GZD.DE achieves a 11.84% return, which is significantly higher than ASRE.DE's -0.12% return.
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.12%
- 6M
- -0.05%
- 1Y
- 0.64%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
0GZD.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 13.11% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between 0GZD.DE and ASRE.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.01 |
The correlation between 0GZD.DE and ASRE.DE shifts across timeframes, from 0.01 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0GZD.DE vs. ASRE.DE — Risk / Return Rank
0GZD.DE
ASRE.DE
0GZD.DE vs. ASRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| 0GZD.DE | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 0.15 | +3.10 |
| Martin ratioReturn relative to average drawdown | 12.05 | 0.41 | +11.64 |
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
| 0GZD.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.14 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.10 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.10 | +0.58 |
Drawdowns
0GZD.DE vs. ASRE.DE - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and ASRE.DE.
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Drawdown Indicators
| 0GZD.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -12.01% | -27.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -2.40% | -7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -2.40% | -14.75% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -12.01% | -27.85% |
Current DrawdownCurrent decline from peak | -8.92% | -2.42% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -5.22% | -14.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 0.85% | +1.69% |
Volatility
0GZD.DE vs. ASRE.DE - Volatility Comparison
BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) has a higher volatility of 4.69% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that 0GZD.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GZD.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 1.03% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 2.28% | +10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 2.57% | +12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 3.60% | +15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 3.52% | +14.59% |
0GZD.DE vs. ASRE.DE - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than ASRE.DE's 0.15% expense ratio.
Dividends
0GZD.DE vs. ASRE.DE - Dividend Comparison
Neither 0GZD.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and ASRE.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 1.20% for 0GZD.DE.
0GZD.DE is categorized as Metals, while ASRE.DE is European Government Bonds. 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 1.20% for 0GZD.DE and 0.15% for ASRE.DE.
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