GSDE.DE vs. EUNN.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, GSDE.DE returned 9.70%/yr vs 9.05%/yr for EUNN.DE. At a 0.26 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.12%/yr for EUNN.DE.
Performance
GSDE.DE vs. EUNN.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 EUNN.DE's 16.53% return. Over the past 10 years, GSDE.DE has outperformed EUNN.DE with an annualized return of 9.70%, while EUNN.DE has yielded a comparatively lower 9.05% 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%
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
GSDE.DE vs. EUNN.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% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -10.32% | 10.42% |
Correlation
The correlation between GSDE.DE and EUNN.DE is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.26 |
The correlation between GSDE.DE and EUNN.DE shifts across timeframes, from -0.13 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSDE.DE vs. EUNN.DE — Risk / Return Rank
GSDE.DE
EUNN.DE
GSDE.DE vs. EUNN.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 MSCI Japan IMI UCITS ETF (EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.14 | +2.51 |
| Martin ratioReturn relative to average drawdown | 12.60 | 10.51 | +2.08 |
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 | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.67 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.61 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.56 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.53 | -0.45 |
Drawdowns
GSDE.DE vs. EUNN.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than EUNN.DE's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EUNN.DE.
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Drawdown Indicators
| GSDE.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -28.55% | -40.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -9.58% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -15.81% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -19.41% | -10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | -28.55% | -1.17% |
Current DrawdownCurrent decline from peak | -6.40% | -0.27% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -6.85% | -37.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.86% | +0.68% |
Volatility
GSDE.DE vs. EUNN.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 MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.16% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 14.53% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 17.97% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 16.04% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.08% | -0.32% |
GSDE.DE vs. EUNN.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
GSDE.DE vs. EUNN.DE - Dividend Comparison
Neither GSDE.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and EUNN.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while EUNN.DE is Japan Equities. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.12% for EUNN.DE.
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