GSDE.DE vs. EXXY.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while EXXY.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 10 years, GSDE.DE returned -2.75%/yr vs 5.30%/yr for EXXY.DE. Their correlation of 0.87 suggests significant overlap in exposure. GSDE.DE charges 0.39%/yr vs 0.46%/yr for EXXY.DE.
Performance
GSDE.DE vs. EXXY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GSDE.DE achieves a 15.78% return, which is significantly lower than EXXY.DE's 20.95% return. Over the past 10 years, GSDE.DE has underperformed EXXY.DE with an annualized return of -2.75%, while EXXY.DE has yielded a comparatively higher 5.30% annualized return.
GSDE.DE
- 1D
- -0.51%
- 1M
- -1.61%
- 6M
- 10.68%
- YTD
- 15.78%
- 1Y
- 33.17%
- 3Y*
- 13.86%
- 5Y*
- 12.38%
- 10Y*
- -2.75%
EXXY.DE
- 1D
- -0.09%
- 1M
- 3.07%
- 6M
- 17.23%
- YTD
- 20.95%
- 1Y
- 30.97%
- 3Y*
- 11.04%
- 5Y*
- 10.33%
- 10Y*
- 5.30%
GSDE.DE vs. EXXY.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 | 15.78% | 13.79% | 14.91% | -12.92% | 21.31% | 39.05% | -11.19% | 13.24% | -67.88% | -5.21% |
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 20.95% | 3.90% | 10.13% | -10.88% | 20.77% | 39.23% | -14.34% | 8.73% | -6.17% | -12.22% |
Correlation
The correlation between GSDE.DE and EXXY.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2016 | 0.87 |
The correlation between GSDE.DE and EXXY.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. EXXY.DE — Risk / Return Rank
GSDE.DE
EXXY.DE
GSDE.DE vs. EXXY.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 Diversified Commodity Swap UCITS ETF (DE) (EXXY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSDE.DE | EXXY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.49 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.40 | 7.61 | +0.79 |
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Drawdowns
GSDE.DE vs. EXXY.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -91.25%, which is greater than EXXY.DE's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and EXXY.DE.
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Drawdown Indicators
| GSDE.DE | EXXY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.25% | -65.59% | -25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -12.37% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -16.32% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -28.01% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -91.25% | -33.55% | -57.70% |
Current DrawdownCurrent decline from peak | -77.55% | -18.63% | -58.92% |
Average DrawdownAverage peak-to-trough decline | -72.35% | -39.97% | -32.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.06% | -0.12% |
Volatility
GSDE.DE vs. EXXY.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) is 3.91%, while iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a volatility of 4.58%. This indicates that GSDE.DE experiences smaller price fluctuations and is considered to be less risky than EXXY.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 | EXXY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.58% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 16.84% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 19.20% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 17.66% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.89% | 15.39% | +102.50% |
GSDE.DE vs. EXXY.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is lower than EXXY.DE's 0.46% expense ratio.
Dividends
GSDE.DE vs. EXXY.DE - Dividend Comparison
Neither GSDE.DE nor EXXY.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and EXXY.DE have a correlation of 0.89, 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 0.46% for EXXY.DE.
GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while EXXY.DE tracks Bloomberg Commodity. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.46% for EXXY.DE.
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