GSDE.DE vs. EMEC.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 5 years, GSDE.DE returned 14.84%/yr vs 9.49%/yr for EMEC.DE. At a 0.19 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.30%/yr for EMEC.DE.
Performance
GSDE.DE vs. EMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GSDE.DE achieves a 23.86% return, which is significantly higher than EMEC.DE's 10.95% return.
GSDE.DE
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 23.86%
- 6M
- 26.63%
- 1Y
- 44.74%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
GSDE.DE vs. EMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 9.61% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
Correlation
The correlation between GSDE.DE and EMEC.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 Jun 5, 2019 | 0.19 |
The correlation between GSDE.DE and EMEC.DE shifts across timeframes, from -0.06 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSDE.DE vs. EMEC.DE — Risk / Return Rank
GSDE.DE
EMEC.DE
GSDE.DE vs. EMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) and BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| GSDE.DE | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.31 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 2.64 | +3.00 |
| Martin ratioReturn relative to average drawdown | 12.60 | 9.05 | +3.55 |
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
| GSDE.DE | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.73 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.67 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.82 | -0.73 |
Drawdowns
GSDE.DE vs. EMEC.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than EMEC.DE's maximum drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EMEC.DE.
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Drawdown Indicators
| GSDE.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -30.18% | -38.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -7.95% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -20.78% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -20.78% | -8.94% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -0.24% | -6.16% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -5.05% | -39.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.32% | +1.22% |
Volatility
GSDE.DE vs. EMEC.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a higher volatility of 4.51% compared to BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) at 3.47%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than EMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSDE.DE | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.47% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 8.86% | +7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 12.15% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 14.05% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.00% | -0.24% |
GSDE.DE vs. EMEC.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than EMEC.DE's 0.30% expense ratio.
Dividends
GSDE.DE vs. EMEC.DE - Dividend Comparison
Neither GSDE.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and EMEC.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, EMEC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while EMEC.DE is Global Equities. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EMEC.DE tracks ECPI Circular Economy Leaders Equity. Their fees differ too: 0.39% for GSDE.DE and 0.30% for EMEC.DE.
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