0GZD.DE vs. ETSZ.DE
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - 0GZD.DE is a Metals fund tracking the RICI Enhanced Industrial Metals (EUR Hedged), while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, 0GZD.DE returned 5.74%/yr vs 9.62%/yr for ETSZ.DE. At a 0.29 correlation, their price movements are largely independent. 0GZD.DE charges 1.20%/yr vs 0.20%/yr for ETSZ.DE.
Performance
0GZD.DE vs. ETSZ.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 ETSZ.DE's 7.24% 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*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
0GZD.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 13.40% |
Correlation
The correlation between 0GZD.DE and ETSZ.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.29 |
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Return for Risk
0GZD.DE vs. ETSZ.DE — Risk / Return Rank
0GZD.DE
ETSZ.DE
0GZD.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.72 | +1.53 |
| Martin ratioReturn relative to average drawdown | 12.05 | 6.45 | +5.60 |
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 | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.26 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.66 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.52 | -0.04 |
Drawdowns
0GZD.DE vs. ETSZ.DE - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, which is greater than ETSZ.DE's maximum drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and ETSZ.DE.
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Drawdown Indicators
| 0GZD.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -35.51% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.39% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -16.35% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -20.55% | -19.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -8.92% | -1.70% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -5.41% | -14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.51% | +0.03% |
Volatility
0GZD.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.DE) at 4.34%. This indicates that 0GZD.DE's price experiences larger fluctuations and is considered to be riskier than ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.34% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 10.64% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 12.84% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 14.39% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 15.54% | +2.57% |
0GZD.DE vs. ETSZ.DE - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
0GZD.DE vs. ETSZ.DE - Dividend Comparison
Neither 0GZD.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and ETSZ.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 1.20% for 0GZD.DE.
0GZD.DE is categorized as Metals, while ETSZ.DE is Europe Equities. 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 1.20% for 0GZD.DE and 0.20% for ETSZ.DE.
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