GSDE.DE vs. IUSA.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll, while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, GSDE.DE returned 9.70%/yr vs 15.16%/yr for IUSA.DE. At a 0.32 correlation, their price movements are largely independent. GSDE.DE charges 0.39%/yr vs 0.07%/yr for IUSA.DE.
Performance
GSDE.DE vs. IUSA.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 IUSA.DE's 11.42% return. Over the past 10 years, GSDE.DE has underperformed IUSA.DE with an annualized return of 9.70%, while IUSA.DE has yielded a comparatively higher 15.16% 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%
IUSA.DE
- 1D
- -0.13%
- 1M
- 4.35%
- YTD
- 11.42%
- 6M
- 10.93%
- 1Y
- 25.71%
- 3Y*
- 19.00%
- 5Y*
- 14.90%
- 10Y*
- 15.16%
GSDE.DE vs. IUSA.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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.42% | 4.84% | 32.50% | 22.60% | -14.19% | 41.00% | 7.02% | 34.79% | -0.83% | 7.30% |
Correlation
The correlation between GSDE.DE and IUSA.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 23, 2005 | 0.32 |
Over the past year, the correlation between GSDE.DE and IUSA.DE has dropped to 0.04 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
GSDE.DE vs. IUSA.DE — Risk / Return Rank
GSDE.DE
IUSA.DE
GSDE.DE vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.63 | +2.02 |
| Martin ratioReturn relative to average drawdown | 12.60 | 12.88 | -0.29 |
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 | IUSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.24 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.97 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.94 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.67 | -0.58 |
Drawdowns
GSDE.DE vs. IUSA.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than IUSA.DE's maximum drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and IUSA.DE.
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Drawdown Indicators
| GSDE.DE | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -50.54% | -18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -7.08% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -23.34% | +8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -23.34% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | -33.63% | +3.91% |
Current DrawdownCurrent decline from peak | -6.40% | -0.46% | -5.94% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -7.19% | -36.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.00% | +1.54% |
Volatility
GSDE.DE vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.DE) at 2.67%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 2.67% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 7.57% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 11.48% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 15.17% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.06% | -0.30% |
GSDE.DE vs. IUSA.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than IUSA.DE's 0.07% expense ratio.
Dividends
GSDE.DE vs. IUSA.DE - Dividend Comparison
GSDE.DE has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
Frequently Asked Questions
GSDE.DE and IUSA.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE is categorized as Commodities, while IUSA.DE is S&P 500. GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while IUSA.DE tracks S&P 500 Index. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.39% for GSDE.DE and 0.07% for IUSA.DE.
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