EMEC.DE vs. GSDE.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 14.84%/yr for GSDE.DE. At a 0.19 correlation, their price movements are largely independent. EMEC.DE charges 0.30%/yr vs 0.39%/yr for GSDE.DE.
Performance
EMEC.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly lower than GSDE.DE's 23.86% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
GSDE.DE
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 23.86%
- 6M
- 26.63%
- 1Y
- 44.74%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
EMEC.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 38.67% | -11.20% | 9.61% |
Correlation
The correlation between EMEC.DE and GSDE.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.19 |
The correlation between EMEC.DE and GSDE.DE shifts across timeframes, from -0.06 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMEC.DE vs. GSDE.DE — Risk / Return Rank
EMEC.DE
GSDE.DE
EMEC.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| EMEC.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 5.65 | -3.00 |
| Martin ratioReturn relative to average drawdown | 9.05 | 12.60 | -3.55 |
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
| EMEC.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.37 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.82 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.09 | +0.73 |
Drawdowns
EMEC.DE vs. GSDE.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and GSDE.DE.
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Drawdown Indicators
| EMEC.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -68.91% | +38.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -7.89% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -15.25% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -29.72% | +8.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.72% | — |
Current DrawdownCurrent decline from peak | -0.24% | -6.40% | +6.16% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -44.09% | +39.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.54% | -1.22% |
Volatility
EMEC.DE vs. GSDE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) is 3.47%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that EMEC.DE experiences smaller price fluctuations and is considered to be less risky than GSDE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 4.51% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 16.35% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 18.80% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 17.84% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 15.76% | +0.24% |
EMEC.DE vs. GSDE.DE - Expense Ratio Comparison
EMEC.DE has a 0.30% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
EMEC.DE vs. GSDE.DE - Dividend Comparison
Neither EMEC.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and GSDE.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMEC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for GSDE.DE.
EMEC.DE is categorized as Global Equities, while GSDE.DE is Commodities. EMEC.DE tracks ECPI Circular Economy Leaders Equity, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. Their fees differ too: 0.30% for EMEC.DE and 0.39% for GSDE.DE.
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