GSDE.DE vs. ENTR.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while ENTR.DE tracks the Solactive Energy Transition Commodity. Both are passively managed. Over the past year, GSDE.DE returned 44.74% vs 37.69% for ENTR.DE. A 0.64 correlation means they provide meaningful diversification when combined. GSDE.DE charges 0.39%/yr vs 0.65%/yr for ENTR.DE.
Performance
GSDE.DE vs. ENTR.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 ENTR.DE's 12.78% 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%
ENTR.DE
- 1D
- -0.84%
- 1M
- 1.00%
- YTD
- 12.78%
- 6M
- 23.00%
- 1Y
- 37.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSDE.DE vs. ENTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 1.96% |
ENTR.DE L&G New Energy Commodities UCITS ETF USD Accumulating | 12.78% | 17.08% | -0.06% |
Correlation
The correlation between GSDE.DE and ENTR.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.64 |
The correlation between GSDE.DE and ENTR.DE has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. ENTR.DE — Risk / Return Rank
GSDE.DE
ENTR.DE
GSDE.DE vs. ENTR.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 L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.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 | ENTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.86 | +1.79 |
| Martin ratioReturn relative to average drawdown | 12.60 | 13.56 | -0.96 |
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 | ENTR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.27 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
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 | 0.92 | -0.84 |
Drawdowns
GSDE.DE vs. ENTR.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than ENTR.DE's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and ENTR.DE.
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Drawdown Indicators
| GSDE.DE | ENTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -14.17% | -54.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -9.72% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -2.59% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -5.85% | -38.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.77% | +0.77% |
Volatility
GSDE.DE vs. ENTR.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) and L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) have volatilities of 4.51% and 4.62%, 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
| GSDE.DE | ENTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.62% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 13.78% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 16.50% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 15.02% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 15.02% | +0.74% |
GSDE.DE vs. ENTR.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is lower than ENTR.DE's 0.65% expense ratio.
Dividends
GSDE.DE vs. ENTR.DE - Dividend Comparison
Neither GSDE.DE nor ENTR.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and ENTR.DE have a correlation of 0.61, 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 0.65% for ENTR.DE.
GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while ENTR.DE tracks Solactive Energy Transition Commodity. They also come from different issuers: BNP Paribas and Legal & General. Their fees differ too: 0.39% for GSDE.DE and 0.65% for ENTR.DE.
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