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0GZD.DE vs. DBB
Performance
Return for Risk
Dividends
Drawdowns
Volatility

0GZD.DE vs. DBB

Last updated Apr 2, 2026

Compare and contrast key facts about BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) and Invesco DB Base Metals Fund (DBB).

0GZD.DE and DBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 0GZD.DE is a passively managed fund by BNP Paribas that tracks the performance of the RICI Enhanced Industrial Metals (EUR Hedged). It was launched on Aug 7, 2019. DBB is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Industrial Metals Index Excess Return. It was launched on Jan 5, 2007. Both 0GZD.DE and DBB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

0GZD.DE vs. DBB - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) and Invesco DB Base Metals Fund (DBB). The values are adjusted to include any dividend payments, if applicable.

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0GZD.DE vs. DBB - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
0GZD.DE
BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC		2.10%16.30%4.70%-4.91%-2.95%24.31%11.15%1.38%
DBB
Invesco DB Base Metals Fund		5.08%10.17%15.03%-1.89%-6.34%38.62%6.01%4.65%
Different Trading Currencies

0GZD.DE is traded in EUR, while DBB is traded in USD. To make them comparable, the DBB 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 2.10% return, which is significantly lower than DBB's 5.08% return.

0GZD.DE

1D
-0.29%
1M
-3.62%
YTD
2.10%
6M
12.26%
1Y
17.06%
3Y*
6.18%
5Y*
6.04%
10Y*
—

DBB

1D
0.92%
1M
-0.29%
YTD
5.08%
6M
19.71%
1Y
19.50%
3Y*
8.41%
5Y*
8.61%
10Y*
8.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC

Invesco DB Base Metals Fund

Often compared with 0GZD.DE:
0GZD.DE vs. B4NB.DE0GZD.DE vs. ALUM.L0GZD.DE vs. ASRM.DE0GZD.DE vs. AIGI.L0GZD.DE vs. TMET0GZD.DE vs. ZINC.L0GZD.DE vs. 0GZB.DE
Often compared with DBB:
DBB vs. PICKDBB vs. DBADBB vs. DBCDBB vs. DBEDBB vs. VTDBB vs. VOODBB vs. GLDM

0GZD.DE vs. DBB - Expense Ratio Comparison

0GZD.DE has a 1.20% expense ratio, which is higher than DBB's 0.80% expense ratio.

0GZD.DE
BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC
DBB
Invesco DB Base Metals Fund

Return for Risk

0GZD.DE vs. DBB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
0GZD.DE
0GZD.DE Risk / Return Rank: 6060
Overall Rank
0GZD.DE Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
0GZD.DE Sortino Ratio Rank: 5959
Sortino Ratio Rank
0GZD.DE Omega Ratio Rank: 5151
Omega Ratio Rank
0GZD.DE Calmar Ratio Rank: 6868
Calmar Ratio Rank
0GZD.DE Martin Ratio Rank: 6464
Martin Ratio Rank
DBB
DBB Risk / Return Rank: 7676
Overall Rank
DBB Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
DBB Sortino Ratio Rank: 7676
Sortino Ratio Rank
DBB Omega Ratio Rank: 6969
Omega Ratio Rank
DBB Calmar Ratio Rank: 8282
Calmar Ratio Rank
DBB Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0GZD.DE vs. DBB - 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 Invesco DB Base Metals Fund (DBB). 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.DEDBBDifference

Sharpe ratio

Return per unit of total volatility

1.09

1.01

+0.08

Sortino ratio

Return per unit of downside risk

1.58

1.45

+0.13

Omega ratio

Gain probability vs. loss probability

1.20

1.18

+0.02

Calmar ratio

Return relative to maximum drawdown

1.85

1.51

+0.33

Martin ratio

Return relative to average drawdown

6.83

3.68

+3.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0GZD.DE vs. DBB - Sharpe Ratio Comparison

The current 0GZD.DE Sharpe Ratio is 1.09, which is comparable to the DBB Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of 0GZD.DE and DBB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

0GZD.DEDBBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.09

1.01

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.44

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.47

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.07

+0.33

Correlation

The correlation between 0GZD.DE and DBB is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

0GZD.DE vs. DBB - Dividend Comparison

0GZD.DE has not paid dividends to shareholders, while DBB's dividend yield for the trailing twelve months is around 2.53%.

TTM20252024202320222021202020192018
0GZD.DE
BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DBB
Invesco DB Base Metals Fund		2.53%2.61%4.75%7.21%0.94%0.00%0.00%1.83%1.59%

Drawdowns

0GZD.DE vs. DBB - Drawdown Comparison

The maximum 0GZD.DE drawdown since its inception was -39.86%, smaller than the maximum DBB drawdown of -59.93%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and DBB.

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Drawdown Indicators

0GZD.DEDBBDifference

Max Drawdown

Largest peak-to-trough decline

-39.86%

-60.20%

+20.34%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-11.00%

+1.58%

Max Drawdown (5Y)

Largest decline over 5 years

-39.86%

-35.00%

-4.86%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.98%

—

Current Drawdown

Current decline from peak

-16.85%

-5.42%

-11.43%

Average Drawdown

Average peak-to-trough decline

-19.67%

-31.15%

+11.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.55%

3.29%

-0.74%

Volatility

0GZD.DE vs. DBB - Volatility Comparison

The current volatility for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) is 5.64%, while Invesco DB Base Metals Fund (DBB) has a volatility of 6.85%. This indicates that 0GZD.DE experiences smaller price fluctuations and is considered to be less risky than DBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

0GZD.DEDBBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.64%

6.85%

-1.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.27%

14.65%

-2.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

19.50%

-3.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.35%

19.47%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.20%

17.99%

+0.21%