GSDE.DE vs. ESEA.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and ESEA.DE (BNP Paribas Easy S&P 500 UCITS ETF) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while ESEA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, GSDE.DE returned 14.84%/yr vs 14.54%/yr for ESEA.DE. At a 0.21 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.15%/yr for ESEA.DE.
Performance
GSDE.DE vs. ESEA.DE - Performance Comparison
Loading charts...
Different Trading Currencies
GSDE.DE is traded in EUR, while ESEA.DE is traded in USD. To make them comparable, the ESEA.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GSDE.DE achieves a 23.86% return, which is significantly higher than ESEA.DE's 11.31% 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%
ESEA.DE
- 1D
- -0.11%
- 1M
- 5.20%
- YTD
- 11.31%
- 6M
- 11.29%
- 1Y
- 25.47%
- 3Y*
- 18.80%
- 5Y*
- 14.54%
- 10Y*
- —
GSDE.DE vs. ESEA.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% | 4.76% |
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF | 11.31% | 4.18% | 32.44% | 22.22% | -14.52% | 41.11% | 7.15% | 11.44% |
Correlation
The correlation between GSDE.DE and ESEA.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.21 |
The correlation between GSDE.DE and ESEA.DE shifts across timeframes, from 0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSDE.DE vs. ESEA.DE — Risk / Return Rank
GSDE.DE
ESEA.DE
GSDE.DE vs. ESEA.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 S&P 500 UCITS ETF (ESEA.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 | ESEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.53 | +2.12 |
| Martin ratioReturn relative to average drawdown | 12.60 | 12.07 | +0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GSDE.DE | ESEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.04 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.90 | -0.08 |
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 | 0.88 | -0.79 |
Drawdowns
GSDE.DE vs. ESEA.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than ESEA.DE's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and ESEA.DE.
Loading charts...
Drawdown Indicators
| GSDE.DE | ESEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -33.64% | -35.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -7.19% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -22.79% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -22.79% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -0.41% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -4.87% | -39.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.10% | +1.44% |
Volatility
GSDE.DE vs. ESEA.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 S&P 500 UCITS ETF (ESEA.DE) at 3.03%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than ESEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSDE.DE | ESEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.03% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 8.65% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 12.45% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 15.91% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.81% | -2.05% |
GSDE.DE vs. ESEA.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than ESEA.DE's 0.15% expense ratio.
Dividends
GSDE.DE vs. ESEA.DE - Dividend Comparison
GSDE.DE has not paid dividends to shareholders, while ESEA.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESEA.DE BNP Paribas Easy S&P 500 UCITS ETF | 1.06% | 0.76% | 0.65% | 0.00% | 1.08% | 0.64% | 0.67% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSDE.DE and ESEA.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEA.DE is cheaper with a 0.15% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while ESEA.DE is S&P 500. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while ESEA.DE tracks S&P 500 Index. Their fees differ too: 0.39% for GSDE.DE and 0.15% for ESEA.DE.
Find the right allocation for GSDE.DE and ESEA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer