GSDE.DE vs. EMWE.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, GSDE.DE returned 14.84%/yr vs 8.57%/yr for EMWE.DE. At a 0.23 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.25%/yr for EMWE.DE.
Performance
GSDE.DE vs. EMWE.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 EMWE.DE's 9.24% return.
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%
EMWE.DE
- 1D
- 0.48%
- 1M
- 4.25%
- YTD
- 9.24%
- 6M
- 9.11%
- 1Y
- 14.14%
- 3Y*
- 10.15%
- 5Y*
- 8.57%
- 10Y*
- —
GSDE.DE vs. EMWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.12% |
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 9.24% | 0.19% | 15.43% | 14.90% | -16.11% | 38.30% | 11.27% | 31.39% | -5.44% | 4.98% |
Correlation
The correlation between GSDE.DE and EMWE.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 Sep 27, 2017 | 0.23 |
The correlation between GSDE.DE and EMWE.DE shifts across timeframes, from -0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSDE.DE vs. EMWE.DE — Risk / Return Rank
GSDE.DE
EMWE.DE
GSDE.DE vs. EMWE.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 MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 1.69 | +3.96 |
| Martin ratioReturn relative to average drawdown | 12.60 | 6.10 | +6.49 |
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 | EMWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.19 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.59 | +0.24 |
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 | 0.70 | -0.61 |
Drawdowns
GSDE.DE vs. EMWE.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than EMWE.DE's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EMWE.DE.
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Drawdown Indicators
| GSDE.DE | EMWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -31.05% | -37.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -8.26% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -20.00% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -20.79% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | 0.00% | -6.40% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -5.28% | -38.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.29% | +1.25% |
Volatility
GSDE.DE vs. EMWE.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 MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) at 2.93%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 2.93% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 8.57% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 11.74% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 14.46% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 15.52% | +0.24% |
GSDE.DE vs. EMWE.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than EMWE.DE's 0.25% expense ratio.
Dividends
GSDE.DE vs. EMWE.DE - Dividend Comparison
Neither GSDE.DE nor EMWE.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and EMWE.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, EMWE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMWE.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while EMWE.DE is Global Equities. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped. Their fees differ too: 0.39% for GSDE.DE and 0.25% for EMWE.DE.
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