GSDE.DE vs. EUNH.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, GSDE.DE returned 9.70%/yr vs -0.32%/yr for EUNH.DE. At a correlation of -0.07, they often move in opposite directions. GSDE.DE charges 0.39%/yr vs 0.07%/yr for EUNH.DE.
Performance
GSDE.DE vs. EUNH.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 EUNH.DE's -0.06% return. Over the past 10 years, GSDE.DE has outperformed EUNH.DE with an annualized return of 9.70%, while EUNH.DE has yielded a comparatively lower -0.32% 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%
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
GSDE.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between GSDE.DE and EUNH.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | -0.07 |
The correlation between GSDE.DE and EUNH.DE shifts across timeframes, from -0.25 (1 year) to -0.07 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSDE.DE vs. EUNH.DE — Risk / Return Rank
GSDE.DE
EUNH.DE
GSDE.DE vs. EUNH.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 Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.00 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | -0.03 | +5.68 |
| Martin ratioReturn relative to average drawdown | 12.60 | -0.08 | +12.68 |
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 | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | -0.02 | +2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | -0.35 | +1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | -0.06 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.25 | -0.17 |
Drawdowns
GSDE.DE vs. EUNH.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than EUNH.DE's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EUNH.DE.
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Drawdown Indicators
| GSDE.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -22.43% | -46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -3.48% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -4.10% | -11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -21.53% | -8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | -22.43% | -7.29% |
Current DrawdownCurrent decline from peak | -6.40% | -14.10% | +7.70% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -5.97% | -38.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.35% | +2.19% |
Volatility
GSDE.DE vs. EUNH.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 Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.72%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.72% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 3.70% | +12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 4.37% | +14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 6.34% | +11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 5.52% | +10.24% |
GSDE.DE vs. EUNH.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio.
Dividends
GSDE.DE vs. EUNH.DE - Dividend Comparison
GSDE.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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 EUNH.DE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while EUNH.DE is European Government Bonds. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.07% for EUNH.DE.
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