EXXY.DE vs. GSDE.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - EXXY.DE tracks the Bloomberg Commodity while GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 10 years, EXXY.DE returned 4.76%/yr vs -2.87%/yr for GSDE.DE. Their correlation of 0.87 suggests significant overlap in exposure. EXXY.DE charges 0.46%/yr vs 0.39%/yr for GSDE.DE.
Performance
EXXY.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXY.DE achieves a 15.12% return, which is significantly higher than GSDE.DE's 13.06% return. Over the past 10 years, EXXY.DE has outperformed GSDE.DE with an annualized return of 4.76%, while GSDE.DE has yielded a comparatively lower -2.87% annualized return.
EXXY.DE
- 1D
- 0.64%
- 1M
- -8.11%
- YTD
- 15.12%
- 6M
- 15.79%
- 1Y
- 26.55%
- 3Y*
- 8.85%
- 5Y*
- 10.00%
- 10Y*
- 4.76%
GSDE.DE
- 1D
- 0.53%
- 1M
- -8.51%
- YTD
- 13.06%
- 6M
- 16.01%
- 1Y
- 32.11%
- 3Y*
- 13.45%
- 5Y*
- 12.28%
- 10Y*
- -2.87%
EXXY.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 15.12% | 3.90% | 10.13% | -10.88% | 20.77% | 39.23% | -14.34% | 8.73% | -6.17% | -12.22% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 13.06% | 13.79% | 14.91% | -12.92% | 21.31% | 39.05% | -11.19% | 13.24% | -67.88% | -5.21% |
Correlation
The correlation between EXXY.DE and GSDE.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2016 | 0.87 |
The correlation between EXXY.DE and GSDE.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
EXXY.DE vs. GSDE.DE — Risk / Return Rank
EXXY.DE
GSDE.DE
EXXY.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EXXY.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.77 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.06 | 10.47 | -2.41 |
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Drawdowns
EXXY.DE vs. GSDE.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.59%, smaller than the maximum GSDE.DE drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and GSDE.DE.
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Drawdown Indicators
| EXXY.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -91.25% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -11.53% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.32% | -15.26% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.01% | -29.70% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.55% | -91.25% | +57.70% |
Current DrawdownCurrent decline from peak | -22.55% | -78.08% | +55.53% |
Average DrawdownAverage peak-to-trough decline | -40.03% | -72.32% | +32.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.06% | +0.23% |
Volatility
EXXY.DE vs. GSDE.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) have volatilities of 4.13% and 4.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXY.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 4.04% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 16.55% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 18.55% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 17.94% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 117.87% | -102.50% |
EXXY.DE vs. GSDE.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than GSDE.DE's 0.39% expense ratio.
Dividends
EXXY.DE vs. GSDE.DE - Dividend Comparison
Neither EXXY.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and GSDE.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSDE.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSDE.DE is cheaper with a 0.39% expense ratio, compared with 0.46% for EXXY.DE.
EXXY.DE tracks Bloomberg Commodity, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.46% for EXXY.DE and 0.39% for GSDE.DE.
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