EUN5.DE vs. GSDE.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 10 years, EUN5.DE returned 1.02%/yr vs 9.70%/yr for GSDE.DE. At a 0.00 correlation, their price movements are largely independent. EUN5.DE charges 0.20%/yr vs 0.39%/yr for GSDE.DE.
Performance
EUN5.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a 0.53% return, which is significantly lower than GSDE.DE's 23.86% return. Over the past 10 years, EUN5.DE has underperformed GSDE.DE with an annualized return of 1.02%, while GSDE.DE has yielded a comparatively higher 9.70% annualized return.
EUN5.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- 0.53%
- 6M
- 0.49%
- 1Y
- 2.22%
- 3Y*
- 4.59%
- 5Y*
- 0.06%
- 10Y*
- 1.02%
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%
EUN5.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.58% | 6.31% | -1.47% | 2.15% |
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% | -5.15% |
Correlation
The correlation between EUN5.DE and GSDE.DE is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 27, 2009 | 0.00 |
The correlation between EUN5.DE and GSDE.DE shifts across timeframes, from -0.24 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN5.DE vs. GSDE.DE — Risk / Return Rank
EUN5.DE
GSDE.DE
EUN5.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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.
| EUN5.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 5.65 | -4.96 |
| Martin ratioReturn relative to average drawdown | 2.40 | 12.60 | -10.20 |
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
| EUN5.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 2.37 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.82 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.63 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.09 | +0.39 |
Drawdowns
EUN5.DE vs. GSDE.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.31%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and GSDE.DE.
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Drawdown Indicators
| EUN5.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -68.91% | +51.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -7.89% | +5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -15.25% | +12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.31% | -29.72% | +12.41% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | -29.72% | +12.41% |
Current DrawdownCurrent decline from peak | -1.08% | -6.40% | +5.32% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -44.09% | +40.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 3.54% | -2.76% |
Volatility
EUN5.DE vs. GSDE.DE - Volatility Comparison
The current volatility for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) is 1.08%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that EUN5.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
| EUN5.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.51% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 16.35% | -13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 18.80% | -15.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 17.84% | -13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 15.76% | -11.21% |
EUN5.DE vs. GSDE.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
EUN5.DE vs. GSDE.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.33%, while GSDE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN5.DE and GSDE.DE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN5.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for GSDE.DE.
EUN5.DE is categorized as European Corporate Bonds, while GSDE.DE is Commodities. EUN5.DE tracks Bloomberg Euro Corporate Bond, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.20% for EUN5.DE and 0.39% for GSDE.DE.
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