GSDE.DE vs. XSVT.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while XSVT.DE tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. Both are passively managed. Over the past 3 years, GSDE.DE returned 13.86%/yr vs 14.28%/yr for XSVT.DE. Their correlation of 0.94 suggests significant overlap in exposure. GSDE.DE charges 0.39%/yr vs 0.29%/yr for XSVT.DE.
Performance
GSDE.DE vs. XSVT.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 higher than XSVT.DE's 14.08% 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%
XSVT.DE
- 1D
- 0.00%
- 1M
- -1.50%
- 6M
- 8.11%
- YTD
- 14.08%
- 1Y
- 31.23%
- 3Y*
- 14.28%
- 5Y*
- —
- 10Y*
- —
GSDE.DE vs. XSVT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 15.78% | 13.79% | 14.91% | -12.92% | 11.48% |
XSVT.DE Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 14.08% | 14.36% | 15.10% | -12.67% | 15.08% |
Correlation
The correlation between GSDE.DE and XSVT.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.94 |
The correlation between GSDE.DE and XSVT.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. XSVT.DE — Risk / Return Rank
GSDE.DE
XSVT.DE
GSDE.DE vs. XSVT.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.97 | +0.80 |
| Martin ratioReturn relative to average drawdown | 8.40 | 4.72 | +3.68 |
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Drawdowns
GSDE.DE vs. XSVT.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -91.25%, which is greater than XSVT.DE's maximum drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for GSDE.DE and XSVT.DE.
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Drawdown Indicators
| GSDE.DE | XSVT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.25% | -27.57% | -63.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -15.82% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -15.97% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.25% | — | — |
Current DrawdownCurrent decline from peak | -77.55% | -7.91% | -69.64% |
Average DrawdownAverage peak-to-trough decline | -72.35% | -14.43% | -57.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 6.62% | -2.68% |
Volatility
GSDE.DE vs. XSVT.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) is 3.91%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) has a volatility of 4.29%. This indicates that GSDE.DE experiences smaller price fluctuations and is considered to be less risky than XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.29% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 15.13% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 28.49% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 21.47% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.89% | 21.47% | +96.42% |
GSDE.DE vs. XSVT.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than XSVT.DE's 0.29% expense ratio.
Dividends
GSDE.DE vs. XSVT.DE - Dividend Comparison
Neither GSDE.DE nor XSVT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, GSDE.DE and XSVT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSVT.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSVT.DE is cheaper with a 0.29% expense ratio, compared with 0.39% for GSDE.DE.
GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while XSVT.DE tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.39% for GSDE.DE and 0.29% for XSVT.DE.
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