0GZD.DE vs. CPER
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and CPER (United States Copper Index Fund) are both exchange-traded funds - 0GZD.DE is a Metals fund tracking the RICI Enhanced Industrial Metals (EUR Hedged), while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. Both are passively managed. Over the past year, 0GZD.DE returned 21.08% vs 12.84% for CPER. A 0.67 correlation means they provide meaningful diversification when combined. 0GZD.DE charges 1.20%/yr vs 1.06%/yr for CPER.
Performance
0GZD.DE vs. CPER - Performance Comparison
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Different Trading Currencies
0GZD.DE is traded in EUR, while CPER is traded in USD. To make them comparable, the CPER values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0GZD.DE achieves a 5.78% return, which is significantly lower than CPER's 11.95% return.
0GZD.DE
- 1D
- 0.24%
- 1M
- -3.55%
- 6M
- -0.49%
- YTD
- 5.78%
- 1Y
- 21.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPER
- 1D
- 0.13%
- 1M
- -2.54%
- 6M
- 5.40%
- YTD
- 11.95%
- 1Y
- 12.84%
- 3Y*
- 15.62%
- 5Y*
- 8.61%
- 10Y*
- 9.36%
0GZD.DE vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 5.78% | 17.58% |
CPER United States Copper Index Fund | 11.95% | 10.72% |
Correlation
The correlation between 0GZD.DE and CPER is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025 | 0.67 |
The correlation between 0GZD.DE and CPER has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
0GZD.DE vs. CPER — Risk / Return Rank
0GZD.DE
CPER
0GZD.DE vs. CPER - 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 United States Copper Index Fund (CPER). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0GZD.DE | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 0.55 | +1.68 |
| Martin ratioReturn relative to average drawdown | 6.30 | 1.14 | +5.16 |
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Drawdowns
0GZD.DE vs. CPER - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -9.41%, smaller than the maximum CPER drawdown of -44.89%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and CPER.
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Drawdown Indicators
| 0GZD.DE | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.41% | -44.89% | +35.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -23.65% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.67% | — |
Current DrawdownCurrent decline from peak | -7.00% | -4.55% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -20.11% | +17.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 11.30% | -7.96% |
Volatility
0GZD.DE vs. CPER - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) is 4.50%, while United States Copper Index Fund (CPER) has a volatility of 6.99%. This indicates that 0GZD.DE experiences smaller price fluctuations and is considered to be less risky than CPER 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 | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 6.99% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 20.27% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 32.55% | -16.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 25.51% | -10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 23.01% | -8.04% |
0GZD.DE vs. CPER - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than CPER's 1.06% expense ratio.
Dividends
0GZD.DE vs. CPER - Dividend Comparison
Neither 0GZD.DE nor CPER has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and CPER have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPER is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPER is cheaper with a 1.06% expense ratio, compared with 1.20% for 0GZD.DE.
0GZD.DE is categorized as Metals, while CPER is Copper. 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while CPER tracks SummerHaven Copper Index Total Return. They also come from different issuers: BNP Paribas and USCF. Their fees differ too: 1.20% for 0GZD.DE and 1.06% for CPER.
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