0GZD.DE vs. ESEE.DE
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both exchange-traded funds - 0GZD.DE is a Metals fund tracking the RICI Enhanced Industrial Metals (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, 0GZD.DE returned 5.74%/yr vs 14.69%/yr for ESEE.DE. At a 0.19 correlation, their price movements are largely independent. 0GZD.DE charges 1.20%/yr vs 0.15%/yr for ESEE.DE.
Performance
0GZD.DE vs. ESEE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 0GZD.DE having a 11.84% return and ESEE.DE slightly lower at 11.27%.
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 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%
0GZD.DE vs. ESEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
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 0GZD.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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.19 |
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Return for Risk
0GZD.DE vs. ESEE.DE — Risk / Return Rank
0GZD.DE
ESEE.DE
0GZD.DE vs. ESEE.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 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.
| 0GZD.DE | ESEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.51 | -0.27 |
| Martin ratioReturn relative to average drawdown | 12.05 | 12.48 | -0.42 |
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 | ESEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.17 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.96 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.95 | -0.48 |
Drawdowns
0GZD.DE vs. ESEE.DE - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, which is greater than ESEE.DE's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and ESEE.DE.
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Drawdown Indicators
| 0GZD.DE | ESEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -33.58% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -7.18% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -23.46% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -23.46% | -16.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -8.92% | -0.45% | -8.47% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -4.12% | -15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.03% | +0.51% |
Volatility
0GZD.DE vs. ESEE.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 S&P 500 UCITS ETF EUR (ESEE.DE) at 2.65%. This indicates that 0GZD.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
| 0GZD.DE | ESEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 2.65% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 7.60% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 11.61% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 15.20% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 16.09% | +2.02% |
0GZD.DE vs. ESEE.DE - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than ESEE.DE's 0.15% expense ratio.
Dividends
0GZD.DE vs. ESEE.DE - Dividend Comparison
Neither 0GZD.DE nor ESEE.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZD.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 0GZD.DE.
0GZD.DE is categorized as Metals, while ESEE.DE is S&P 500. 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while ESEE.DE tracks S&P 500 Index. Their fees differ too: 1.20% for 0GZD.DE and 0.15% for ESEE.DE.
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