GSDE.DE vs. EUN5.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 10 years, GSDE.DE returned 9.70%/yr vs 1.02%/yr for EUN5.DE. At a 0.00 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.20%/yr for EUN5.DE.
Performance
GSDE.DE vs. EUN5.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 EUN5.DE's 0.53% return. Over the past 10 years, GSDE.DE has outperformed EUN5.DE with an annualized return of 9.70%, while EUN5.DE has yielded a comparatively lower 1.02% annualized 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%
EUN5.DE
- 1D
- 0.05%
- 1M
- 0.67%
- YTD
- 0.53%
- 6M
- 0.34%
- 1Y
- 1.87%
- 3Y*
- 4.59%
- 5Y*
- 0.06%
- 10Y*
- 1.02%
GSDE.DE vs. EUN5.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% | -5.15% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.58% | 6.31% | -1.47% | 2.15% |
Correlation
The correlation between GSDE.DE and EUN5.DE is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 27, 2009 | 0.00 |
The correlation between GSDE.DE and EUN5.DE shifts across timeframes, from -0.24 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSDE.DE vs. EUN5.DE — Risk / Return Rank
GSDE.DE
EUN5.DE
GSDE.DE vs. EUN5.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 iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.11 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 0.69 | +4.96 |
| Martin ratioReturn relative to average drawdown | 12.60 | 2.40 | +10.20 |
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 | EUN5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.57 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.01 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.22 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.47 | -0.39 |
Drawdowns
GSDE.DE vs. EUN5.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than EUN5.DE's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EUN5.DE.
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Drawdown Indicators
| GSDE.DE | EUN5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -17.31% | -51.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -2.71% | -5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -2.71% | -12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -17.31% | -12.41% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | -17.31% | -12.41% |
Current DrawdownCurrent decline from peak | -6.40% | -1.08% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -3.15% | -40.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.78% | +2.76% |
Volatility
GSDE.DE vs. EUN5.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a higher volatility of 4.51% compared to iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) at 1.08%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.08% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 2.86% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 3.27% | +15.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 4.49% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 4.55% | +11.21% |
GSDE.DE vs. EUN5.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than EUN5.DE's 0.20% expense ratio.
Dividends
GSDE.DE vs. EUN5.DE - Dividend Comparison
GSDE.DE has not paid dividends to shareholders, while EUN5.DE's dividend yield for the trailing twelve months is around 3.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSDE.DE and EUN5.DE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN5.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while EUN5.DE is European Corporate Bonds. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EUN5.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.20% for EUN5.DE.
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