GSDE.DE vs. UIQK.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while UIQK.DE tracks the UBS CMCI. Both are passively managed. Over the past 10 years, GSDE.DE returned -2.87%/yr vs 8.02%/yr for UIQK.DE. Their correlation of 0.84 suggests significant overlap in exposure. GSDE.DE charges 0.39%/yr vs 0.34%/yr for UIQK.DE.
Performance
GSDE.DE vs. UIQK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GSDE.DE achieves a 13.06% return, which is significantly lower than UIQK.DE's 17.07% return. Over the past 10 years, GSDE.DE has underperformed UIQK.DE with an annualized return of -2.87%, while UIQK.DE has yielded a comparatively higher 8.02% annualized return.
GSDE.DE
- 1D
- 0.53%
- 1M
- -8.51%
- YTD
- 13.06%
- 6M
- 16.01%
- 1Y
- 32.11%
- 3Y*
- 13.45%
- 5Y*
- 12.28%
- 10Y*
- -2.87%
UIQK.DE
- 1D
- 0.54%
- 1M
- -5.07%
- YTD
- 17.07%
- 6M
- 19.04%
- 1Y
- 24.09%
- 3Y*
- 8.78%
- 5Y*
- 11.67%
- 10Y*
- 8.02%
GSDE.DE vs. UIQK.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 | 13.06% | 13.79% | 14.91% | -12.92% | 21.31% | 39.05% | -11.19% | 13.24% | -67.88% | -5.21% |
UIQK.DE UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 17.07% | -1.67% | 10.72% | -4.23% | 22.43% | 46.71% | -8.90% | 12.48% | -6.36% | -6.03% |
Correlation
The correlation between GSDE.DE and UIQK.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2016 | 0.84 |
The correlation between GSDE.DE and UIQK.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. UIQK.DE — Risk / Return Rank
GSDE.DE
UIQK.DE
GSDE.DE vs. UIQK.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 Composite SF UCITS ETF (USD) A-acc (UIQK.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 | UIQK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.11 | -0.34 |
| Martin ratioReturn relative to average drawdown | 10.47 | 10.57 | -0.11 |
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Drawdowns
GSDE.DE vs. UIQK.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -91.25%, which is greater than UIQK.DE's maximum drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and UIQK.DE.
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Drawdown Indicators
| GSDE.DE | UIQK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.25% | -63.18% | -28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -7.72% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -15.43% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -17.37% | -12.33% |
Max Drawdown (10Y)Largest decline over 10 years | -91.25% | -30.71% | -60.54% |
Current DrawdownCurrent decline from peak | -78.08% | -7.22% | -70.86% |
Average DrawdownAverage peak-to-trough decline | -72.32% | -33.70% | -38.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.27% | +0.79% |
Volatility
GSDE.DE vs. UIQK.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a higher volatility of 4.04% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) at 3.50%. This indicates that GSDE.DE's price experiences larger fluctuations and is considered to be riskier than UIQK.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 | UIQK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.50% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 12.59% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.55% | 14.55% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 15.10% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.87% | 14.45% | +103.42% |
GSDE.DE vs. UIQK.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than UIQK.DE's 0.34% expense ratio.
Dividends
GSDE.DE vs. UIQK.DE - Dividend Comparison
Neither GSDE.DE nor UIQK.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and UIQK.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIQK.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIQK.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 UIQK.DE tracks UBS CMCI. They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.39% for GSDE.DE and 0.34% for UIQK.DE.
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