0GZD.DE vs. NICK.L
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and NICK.L (WisdomTree Nickel) are both Metals funds - 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged) while NICK.L tracks the Bloomberg Nickel. Both are passively managed. Over the past 5 years, 0GZD.DE returned 5.74%/yr vs 0.27%/yr for NICK.L. A 0.54 correlation means they provide meaningful diversification when combined. 0GZD.DE charges 1.20%/yr vs 0.49%/yr for NICK.L.
Performance
0GZD.DE vs. NICK.L - Performance Comparison
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Different Trading Currencies
0GZD.DE is traded in EUR, while NICK.L is traded in USD. To make them comparable, the NICK.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with 0GZD.DE having a 11.84% return and NICK.L slightly higher at 11.92%.
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
NICK.L
- 1D
- -1.17%
- 1M
- -1.83%
- YTD
- 11.92%
- 6M
- 24.00%
- 1Y
- 15.85%
- 3Y*
- -8.21%
- 5Y*
- 0.27%
- 10Y*
- 6.05%
0GZD.DE vs. NICK.L - 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% |
NICK.L WisdomTree Nickel | 11.93% | -6.34% | -2.34% | -48.26% | 55.51% | 33.08% | 4.89% | -7.71% |
Correlation
The correlation between 0GZD.DE and NICK.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.54 |
The correlation between 0GZD.DE and NICK.L has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
0GZD.DE vs. NICK.L — Risk / Return Rank
0GZD.DE
NICK.L
0GZD.DE vs. NICK.L - 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 WisdomTree Nickel (NICK.L). 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 | NICK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.42 | +1.82 |
| Martin ratioReturn relative to average drawdown | 12.05 | 2.91 | +9.14 |
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 | NICK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.68 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.01 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.09 | +0.56 |
Drawdowns
0GZD.DE vs. NICK.L - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, smaller than the maximum NICK.L drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and NICK.L.
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Drawdown Indicators
| 0GZD.DE | NICK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -77.55% | +37.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -11.74% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -44.96% | +27.81% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -73.97% | +34.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.97% | — |
Current DrawdownCurrent decline from peak | -8.92% | -65.90% | +56.98% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -56.33% | +36.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 5.75% | -3.21% |
Volatility
0GZD.DE vs. NICK.L - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) is 4.69%, while WisdomTree Nickel (NICK.L) has a volatility of 6.18%. This indicates that 0GZD.DE experiences smaller price fluctuations and is considered to be less risky than NICK.L 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 | NICK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 6.18% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 22.90% | -10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 24.72% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 44.39% | -25.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 36.58% | -18.47% |
0GZD.DE vs. NICK.L - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than NICK.L's 0.49% expense ratio.
Dividends
0GZD.DE vs. NICK.L - Dividend Comparison
Neither 0GZD.DE nor NICK.L has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and NICK.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NICK.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NICK.L is cheaper with a 0.49% expense ratio, compared with 1.20% for 0GZD.DE.
0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while NICK.L tracks Bloomberg Nickel. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 1.20% for 0GZD.DE and 0.49% for NICK.L.
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