GSDE.DE vs. UIQ1.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and UIQ1.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while UIQ1.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). Both are passively managed. Over the past 5 years, GSDE.DE returned 14.84%/yr vs 10.90%/yr for UIQ1.DE. A 0.76 correlation means they provide meaningful diversification when combined. GSDE.DE charges 0.39%/yr vs 0.34%/yr for UIQ1.DE.
Performance
GSDE.DE vs. UIQ1.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 UIQ1.DE's 22.64% 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%
UIQ1.DE
- 1D
- -1.00%
- 1M
- 0.39%
- YTD
- 22.64%
- 6M
- 26.02%
- 1Y
- 39.84%
- 3Y*
- 15.74%
- 5Y*
- 10.90%
- 10Y*
- —
GSDE.DE vs. UIQ1.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% | 10.22% |
UIQ1.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc | 22.64% | 17.35% | 4.90% | -7.27% | 9.59% | 33.73% | -4.28% | 8.46% | -13.91% | 17.02% |
Correlation
The correlation between GSDE.DE and UIQ1.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.76 |
The correlation between GSDE.DE and UIQ1.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. UIQ1.DE — Risk / Return Rank
GSDE.DE
UIQ1.DE
GSDE.DE vs. UIQ1.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 UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.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 | UIQ1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 5.99 | -0.34 |
| Martin ratioReturn relative to average drawdown | 12.60 | 16.75 | -4.15 |
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 | UIQ1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.64 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.59 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.51 | -0.42 |
Drawdowns
GSDE.DE vs. UIQ1.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, which is greater than UIQ1.DE's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and UIQ1.DE.
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Drawdown Indicators
| GSDE.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -39.99% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -6.62% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -13.55% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -30.51% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -2.05% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -15.09% | -29.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.37% | +1.17% |
Volatility
GSDE.DE vs. UIQ1.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a higher volatility of 4.51% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.DE) at 3.79%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than UIQ1.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 | UIQ1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.79% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 12.91% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 15.03% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 18.19% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.45% | -1.69% |
GSDE.DE vs. UIQ1.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than UIQ1.DE's 0.34% expense ratio.
Dividends
GSDE.DE vs. UIQ1.DE - Dividend Comparison
Neither GSDE.DE nor UIQ1.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and UIQ1.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIQ1.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIQ1.DE is cheaper with a 0.34% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while UIQ1.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.39% for GSDE.DE and 0.34% for UIQ1.DE.
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