ETSZ.DE vs. 0GZB.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and 0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while 0GZB.DE is a Metals fund tracking the RICI Enhanced Copper (EUR Hedged). Both are passively managed. Over the past 5 years, ETSZ.DE returned 9.62%/yr vs 6.77%/yr for 0GZB.DE. At a 0.32 correlation, their price movements are largely independent. ETSZ.DE charges 0.20%/yr vs 1.20%/yr for 0GZB.DE.
Performance
ETSZ.DE vs. 0GZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly lower than 0GZB.DE's 10.76% return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
0GZB.DE
- 1D
- 0.84%
- 1M
- 5.18%
- YTD
- 10.76%
- 6M
- 22.41%
- 1Y
- 42.38%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
ETSZ.DE vs. 0GZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 13.40% |
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 20.19% | 21.59% | 6.66% |
Correlation
The correlation between ETSZ.DE and 0GZB.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.32 |
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Return for Risk
ETSZ.DE vs. 0GZB.DE — Risk / Return Rank
ETSZ.DE
0GZB.DE
ETSZ.DE vs. 0GZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.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.
| ETSZ.DE | 0GZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.60 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.45 | 12.08 | -5.63 |
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
| ETSZ.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.10 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.33 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.63 | -0.11 |
Drawdowns
ETSZ.DE vs. 0GZB.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than 0GZB.DE's maximum drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and 0GZB.DE.
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Drawdown Indicators
| ETSZ.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -31.84% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -11.71% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.85% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -31.84% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -2.20% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -10.14% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.50% | -0.99% |
Volatility
ETSZ.DE vs. 0GZB.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 4.34%, while BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a volatility of 6.38%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than 0GZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 6.38% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 16.81% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 20.06% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 20.55% | -6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 20.49% | -4.95% |
ETSZ.DE vs. 0GZB.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than 0GZB.DE's 1.20% expense ratio.
Dividends
ETSZ.DE vs. 0GZB.DE - Dividend Comparison
Neither ETSZ.DE nor 0GZB.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and 0GZB.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 1.20% for 0GZB.DE.
ETSZ.DE is categorized as Europe Equities, while 0GZB.DE is Metals. ETSZ.DE tracks STOXX® Europe 600, while 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged). Their fees differ too: 0.20% for ETSZ.DE and 1.20% for 0GZB.DE.
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