EMEH.DE vs. XCMC.DE
EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) are both Commodities funds - EMEH.DE tracks the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged) while XCMC.DE tracks the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, EMEH.DE returned 16.63%/yr vs 11.29%/yr for XCMC.DE. A 0.72 correlation means they provide meaningful diversification when combined. EMEH.DE charges 0.39%/yr vs 0.19%/yr for XCMC.DE.
Performance
EMEH.DE vs. XCMC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEH.DE achieves a 21.33% return, which is significantly lower than XCMC.DE's 28.51% return.
EMEH.DE
- 1D
- -0.55%
- 1M
- 0.49%
- YTD
- 21.33%
- 6M
- 22.74%
- 1Y
- 43.19%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
XCMC.DE
- 1D
- -1.20%
- 1M
- 0.63%
- YTD
- 28.51%
- 6M
- 19.13%
- 1Y
- 28.46%
- 3Y*
- 11.29%
- 5Y*
- —
- 10Y*
- —
EMEH.DE vs. XCMC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | -1.73% |
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C | 28.51% | -2.66% | 11.92% | -9.34% | 24.84% | -11.32% |
Correlation
The correlation between EMEH.DE and XCMC.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.72 |
The correlation between EMEH.DE and XCMC.DE has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
EMEH.DE vs. XCMC.DE — Risk / Return Rank
EMEH.DE
XCMC.DE
EMEH.DE vs. XCMC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) and Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.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.
| EMEH.DE | XCMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.32 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 3.72 | +1.23 |
| Martin ratioReturn relative to average drawdown | 14.34 | 8.44 | +5.90 |
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
| EMEH.DE | XCMC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.66 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.44 | -0.92 |
Drawdowns
EMEH.DE vs. XCMC.DE - Drawdown Comparison
The maximum EMEH.DE drawdown since its inception was -92.42%, which is greater than XCMC.DE's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for EMEH.DE and XCMC.DE.
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Drawdown Indicators
| EMEH.DE | XCMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.42% | -22.91% | -69.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -7.80% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -14.82% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | — | — |
Current DrawdownCurrent decline from peak | -80.34% | -3.42% | -76.92% |
Average DrawdownAverage peak-to-trough decline | -81.38% | -12.68% | -68.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.45% | -0.37% |
Volatility
EMEH.DE vs. XCMC.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) is 4.15%, while Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) has a volatility of 4.94%. This indicates that EMEH.DE experiences smaller price fluctuations and is considered to be less risky than XCMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEH.DE | XCMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.94% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 15.31% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 17.48% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 17.33% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.16% | 17.33% | +16.83% |
EMEH.DE vs. XCMC.DE - Expense Ratio Comparison
EMEH.DE has a 0.39% expense ratio, which is higher than XCMC.DE's 0.19% expense ratio.
Dividends
EMEH.DE vs. XCMC.DE - Dividend Comparison
Neither EMEH.DE nor XCMC.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEH.DE and XCMC.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCMC.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCMC.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for EMEH.DE.
EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged), while XCMC.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.39% for EMEH.DE and 0.19% for XCMC.DE.
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