0GZD.DE vs. TMET
Compare and contrast key facts about BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) and iShares Transition-Enabling Metals ETF (TMET).
0GZD.DE and TMET 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. TMET is a passively managed fund by iShares that tracks the performance of the ICE Clean Energy Transition. It was launched on Sep 26, 2023. Both 0GZD.DE and TMET 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. TMET - Performance Comparison
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0GZD.DE vs. TMET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 2.10% | 16.30% | 4.70% | 1.20% |
TMET iShares Transition-Enabling Metals ETF | 8.66% | 35.79% | 14.01% | -1.69% |
Different Trading Currencies
0GZD.DE is traded in EUR, while TMET is traded in USD. To make them comparable, the TMET 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 TMET's 8.66% 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*
- —
TMET
- 1D
- 0.77%
- 1M
- -3.99%
- YTD
- 8.66%
- 6M
- 33.14%
- 1Y
- 37.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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0GZD.DE vs. TMET - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than TMET's 0.48% expense ratio.
Return for Risk
0GZD.DE vs. TMET — Risk / Return Rank
0GZD.DE
TMET
0GZD.DE vs. TMET - 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 iShares Transition-Enabling Metals ETF (TMET). 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 | TMET | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.25 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.58 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.86 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.83 | 4.71 | +2.13 |
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 | TMET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.25 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.98 | -0.57 |
Correlation
The correlation between 0GZD.DE and TMET is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
0GZD.DE vs. TMET - Dividend Comparison
0GZD.DE has not paid dividends to shareholders, while TMET's dividend yield for the trailing twelve months is around 13.81%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 0.00% | 0.00% | 0.00% | 0.00% |
TMET iShares Transition-Enabling Metals ETF | 13.81% | 14.78% | 29.62% | 1.02% |
Drawdowns
0GZD.DE vs. TMET - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, which is greater than TMET's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and TMET.
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Drawdown Indicators
| 0GZD.DE | TMET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -22.20% | -17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -22.20% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | -16.85% | -15.85% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -6.13% | -13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 7.69% | -5.14% |
Volatility
0GZD.DE vs. TMET - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) is 5.64%, while iShares Transition-Enabling Metals ETF (TMET) has a volatility of 9.16%. This indicates that 0GZD.DE experiences smaller price fluctuations and is considered to be less risky than TMET 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 | TMET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 9.16% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 26.05% | -13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 29.87% | -14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 22.92% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 22.92% | -4.72% |