EUNN.DE vs. GSDE.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 9.70%/yr for GSDE.DE. At a 0.26 correlation, their price movements are largely independent. EUNN.DE charges 0.12%/yr vs 0.39%/yr for GSDE.DE.
Performance
EUNN.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly lower than GSDE.DE's 23.86% return. Over the past 10 years, EUNN.DE has underperformed GSDE.DE with an annualized return of 9.05%, while GSDE.DE has yielded a comparatively higher 9.70% annualized return.
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
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%
EUNN.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -10.32% | 10.42% |
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 EUNN.DE and GSDE.DE is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.26 |
The correlation between EUNN.DE and GSDE.DE shifts across timeframes, from -0.13 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNN.DE vs. GSDE.DE — Risk / Return Rank
EUNN.DE
GSDE.DE
EUNN.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| EUNN.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 5.65 | -2.51 |
| Martin ratioReturn relative to average drawdown | 10.51 | 12.60 | -2.08 |
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
| EUNN.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.37 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.82 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.09 | +0.45 |
Drawdowns
EUNN.DE vs. GSDE.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and GSDE.DE.
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Drawdown Indicators
| EUNN.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -68.91% | +40.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -7.89% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -15.25% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -29.72% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -29.72% | +1.17% |
Current DrawdownCurrent decline from peak | -0.27% | -6.40% | +6.13% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -44.09% | +37.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.54% | -0.68% |
Volatility
EUNN.DE vs. GSDE.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 3.16%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that EUNN.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
| EUNN.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 4.51% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 16.35% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 18.80% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 17.84% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.76% | +0.32% |
EUNN.DE vs. GSDE.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
EUNN.DE vs. GSDE.DE - Dividend Comparison
Neither EUNN.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and GSDE.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.39% for GSDE.DE.
EUNN.DE is categorized as Japan Equities, while GSDE.DE is Commodities. EUNN.DE tracks MSCI Japan IMI, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.12% for EUNN.DE and 0.39% for GSDE.DE.
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