BCFE.DE vs. GSDE.DE
BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - BCFE.DE tracks the UBS BCOM Constant Maturity (EUR Hedged) while GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 5 years, BCFE.DE returned 8.54%/yr vs 12.28%/yr for GSDE.DE. A 0.72 correlation means they provide meaningful diversification when combined. BCFE.DE charges 0.34%/yr vs 0.39%/yr for GSDE.DE.
Performance
BCFE.DE vs. GSDE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BCFE.DE achieves a 8.60% return, which is significantly lower than GSDE.DE's 13.06% return.
BCFE.DE
- 1D
- 1.85%
- 1M
- -8.04%
- YTD
- 8.60%
- 6M
- 9.93%
- 1Y
- 19.73%
- 3Y*
- 9.07%
- 5Y*
- 8.54%
- 10Y*
- —
GSDE.DE
- 1D
- 0.53%
- 1M
- -8.51%
- YTD
- 13.06%
- 6M
- 16.01%
- 1Y
- 32.11%
- 3Y*
- 13.45%
- 5Y*
- 12.28%
- 10Y*
- -2.87%
BCFE.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 8.60% | 16.64% | 3.14% | -7.90% | 14.00% | 30.29% | -0.93% | 3.55% | -10.75% | 4.20% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 13.06% | 13.79% | 14.91% | -12.92% | 21.31% | 39.05% | -11.19% | 13.24% | -67.88% | 4.12% |
Correlation
The correlation between BCFE.DE and GSDE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.72 |
The correlation between BCFE.DE and GSDE.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BCFE.DE vs. GSDE.DE — Risk / Return Rank
BCFE.DE
GSDE.DE
BCFE.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCFE.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.77 | -1.26 |
| Martin ratioReturn relative to average drawdown | 6.93 | 10.47 | -3.53 |
Loading charts...
Drawdowns
BCFE.DE vs. GSDE.DE - Drawdown Comparison
The maximum BCFE.DE drawdown since its inception was -32.94%, smaller than the maximum GSDE.DE drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for BCFE.DE and GSDE.DE.
Loading charts...
Drawdown Indicators
| BCFE.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -91.25% | +58.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -11.53% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -15.26% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.27% | -29.70% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.25% | — |
Current DrawdownCurrent decline from peak | -11.34% | -78.08% | +66.74% |
Average DrawdownAverage peak-to-trough decline | -13.35% | -72.32% | +58.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.06% | -0.22% |
Volatility
BCFE.DE vs. GSDE.DE - Volatility Comparison
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a higher volatility of 4.81% compared to BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) at 4.04%. This indicates that BCFE.DE's price experiences larger fluctuations and is considered to be riskier than GSDE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BCFE.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.04% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 16.55% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 18.55% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 17.94% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 117.87% | -102.69% |
BCFE.DE vs. GSDE.DE - Expense Ratio Comparison
BCFE.DE has a 0.34% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
BCFE.DE vs. GSDE.DE - Dividend Comparison
Neither BCFE.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
BCFE.DE and GSDE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCFE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCFE.DE is cheaper with a 0.34% expense ratio, compared with 0.39% for GSDE.DE.
BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged), while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: UBS and BNP Paribas. Their fees differ too: 0.34% for BCFE.DE and 0.39% for GSDE.DE.
Find the right allocation for BCFE.DE and GSDE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer