EMWE.DE vs. GSDE.DE
EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 5 years, EMWE.DE returned 8.57%/yr vs 14.84%/yr for GSDE.DE. At a 0.23 correlation, their price movements are largely independent. EMWE.DE charges 0.25%/yr vs 0.39%/yr for GSDE.DE.
Performance
EMWE.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMWE.DE achieves a 9.24% return, which is significantly lower than GSDE.DE's 23.86% return.
EMWE.DE
- 1D
- 0.48%
- 1M
- 4.25%
- YTD
- 9.24%
- 6M
- 9.11%
- 1Y
- 14.14%
- 3Y*
- 10.15%
- 5Y*
- 8.57%
- 10Y*
- —
GSDE.DE
- 1D
- -0.69%
- 1M
- 1.80%
- YTD
- 23.86%
- 6M
- 24.24%
- 1Y
- 44.12%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
EMWE.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 9.24% | 0.19% | 15.43% | 14.90% | -16.11% | 38.30% | 11.27% | 31.39% | -5.44% | 4.98% |
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% | 13.32% | -3.71% | 4.12% |
Correlation
The correlation between EMWE.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 Sep 27, 2017 | 0.23 |
The correlation between EMWE.DE and GSDE.DE shifts across timeframes, from -0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMWE.DE vs. GSDE.DE — Risk / Return Rank
EMWE.DE
GSDE.DE
EMWE.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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.
| EMWE.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 5.65 | -3.96 |
| Martin ratioReturn relative to average drawdown | 6.10 | 12.60 | -6.49 |
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
| EMWE.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.37 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.82 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.09 | +0.61 |
Drawdowns
EMWE.DE vs. GSDE.DE - Drawdown Comparison
The maximum EMWE.DE drawdown since its inception was -31.05%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for EMWE.DE and GSDE.DE.
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Drawdown Indicators
| EMWE.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -68.91% | +37.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -7.89% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -15.25% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -29.72% | +8.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.72% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.40% | +6.40% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -44.09% | +38.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 3.54% | -1.25% |
Volatility
EMWE.DE vs. GSDE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) is 2.93%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that EMWE.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
| EMWE.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.51% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 16.35% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 18.80% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 17.84% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 15.76% | -0.24% |
EMWE.DE vs. GSDE.DE - Expense Ratio Comparison
EMWE.DE has a 0.25% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
EMWE.DE vs. GSDE.DE - Dividend Comparison
Neither EMWE.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMWE.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, EMWE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMWE.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for GSDE.DE.
EMWE.DE is categorized as Global Equities, while GSDE.DE is Commodities. EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. Their fees differ too: 0.25% for EMWE.DE and 0.39% for GSDE.DE.
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