GSDE.DE vs. IS3N.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, GSDE.DE returned 9.70%/yr vs 10.00%/yr for IS3N.DE. At a 0.36 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.18%/yr for IS3N.DE.
Performance
GSDE.DE vs. IS3N.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 lower than IS3N.DE's 25.82% return. Both investments have delivered pretty close results over the past 10 years, with GSDE.DE having a 9.70% annualized return and IS3N.DE not far ahead at 10.00%.
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%
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
GSDE.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between GSDE.DE and IS3N.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.36 |
Over the past year, the correlation between GSDE.DE and IS3N.DE has dropped to 0.06 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
GSDE.DE vs. IS3N.DE — Risk / Return Rank
GSDE.DE
IS3N.DE
GSDE.DE vs. IS3N.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 Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 4.42 | +1.22 |
| Martin ratioReturn relative to average drawdown | 12.60 | 16.00 | -3.41 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.69 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.53 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.55 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.44 | -0.35 |
Drawdowns
GSDE.DE vs. IS3N.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and IS3N.DE.
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Drawdown Indicators
| GSDE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -35.06% | -33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -10.52% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -19.17% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -22.01% | -7.71% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | -32.51% | +2.79% |
Current DrawdownCurrent decline from peak | -6.40% | -2.49% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -9.30% | -34.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.91% | +0.63% |
Volatility
GSDE.DE vs. IS3N.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) is 4.51%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that GSDE.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 7.16% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 14.69% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 17.32% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 16.19% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 18.04% | -2.28% |
GSDE.DE vs. IS3N.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
GSDE.DE vs. IS3N.DE - Dividend Comparison
Neither GSDE.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and IS3N.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while IS3N.DE is Emerging Markets Equities. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.18% for IS3N.DE.
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