IUSA.DE vs. GSDE.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 10 years, IUSA.DE returned 15.16%/yr vs 9.70%/yr for GSDE.DE. At a 0.32 correlation, their price movements are largely independent. IUSA.DE charges 0.07%/yr vs 0.39%/yr for GSDE.DE.
Performance
IUSA.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.42% return, which is significantly lower than GSDE.DE's 23.86% return. Over the past 10 years, IUSA.DE has outperformed GSDE.DE with an annualized return of 15.16%, while GSDE.DE has yielded a comparatively lower 9.70% annualized return.
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
- 1D
- -0.69%
- 1M
- 1.80%
- YTD
- 23.86%
- 6M
- 24.24%
- 1Y
- 44.12%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
IUSA.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between IUSA.DE and GSDE.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 IUSA.DE and GSDE.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
IUSA.DE vs. GSDE.DE — Risk / Return Rank
IUSA.DE
GSDE.DE
IUSA.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.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.
| IUSA.DE | GSDE.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 | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 5.65 | -2.02 |
| Martin ratioReturn relative to average drawdown | 12.88 | 12.60 | +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
| IUSA.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.37 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.82 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.63 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.09 | +0.58 |
Drawdowns
IUSA.DE vs. GSDE.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -50.54%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and GSDE.DE.
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Drawdown Indicators
| IUSA.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -68.91% | +18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -7.89% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -15.25% | -8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -29.72% | +6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -29.72% | -3.91% |
Current DrawdownCurrent decline from peak | -0.46% | -6.40% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -44.09% | +36.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.54% | -1.54% |
Volatility
IUSA.DE vs. GSDE.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) is 2.67%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that IUSA.DE experiences smaller price fluctuations and is considered to be less risky than GSDE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 4.51% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 16.35% | -8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 18.80% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 17.84% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 15.76% | +0.30% |
IUSA.DE vs. GSDE.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
IUSA.DE vs. GSDE.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.99%, while GSDE.DE has not paid dividends to shareholders.
| 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
IUSA.DE and GSDE.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.
IUSA.DE is categorized as S&P 500, while GSDE.DE is Commodities. IUSA.DE tracks S&P 500 Index, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.07% for IUSA.DE and 0.39% for GSDE.DE.
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