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SLX vs. 0GZB.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SLX vs. 0GZB.DE

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE).

SLX and 0GZB.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. 0GZB.DE is a passively managed fund by BNP Paribas that tracks the performance of the RICI Enhanced Copper (EUR Hedged). It was launched on Aug 7, 2019. Both SLX and 0GZB.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SLX vs. 0GZB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Steel ETF (SLX) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE). The values are adjusted to include any dividend payments, if applicable.

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SLX vs. 0GZB.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SLX
VanEck Vectors Steel ETF		8.19%47.45%-17.94%31.25%14.28%27.69%20.57%16.21%
0GZB.DE
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC		-1.55%50.68%2.19%7.00%-16.45%10.71%33.47%6.66%
Different Trading Currencies

SLX is traded in USD, while 0GZB.DE is traded in EUR. To make them comparable, the 0GZB.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SLX achieves a 8.19% return, which is significantly higher than 0GZB.DE's -1.55% return.

SLX

1D
3.72%
1M
-9.17%
YTD
8.19%
6M
28.67%
1Y
51.64%
3Y*
15.96%
5Y*
15.05%
10Y*
17.78%

0GZB.DE

1D
2.05%
1M
-9.53%
YTD
-1.55%
6M
18.48%
1Y
35.98%
3Y*
14.67%
5Y*
7.10%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Steel ETF

BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC

Often compared with SLX:
SLX vs. XMESLX vs. COPXSLX vs. CPERSLX vs. FXZSLX vs. ^DJUSSTSLX vs. PPLTSLX vs. REMX
Often compared with 0GZB.DE:
0GZB.DE vs. QQQ0GZB.DE vs. FNGU0GZB.DE vs. VOOG0GZB.DE vs. SHY0GZB.DE vs. XLK0GZB.DE vs. VOO0GZB.DE vs. EMEC.DE

SLX vs. 0GZB.DE - Expense Ratio Comparison

SLX has a 0.56% expense ratio, which is lower than 0GZB.DE's 1.20% expense ratio.

0GZB.DE
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC
SLX
VanEck Vectors Steel ETF

Return for Risk

SLX vs. 0GZB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLX
SLX Risk / Return Rank: 8989
Overall Rank
SLX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
SLX Sortino Ratio Rank: 9090
Sortino Ratio Rank
SLX Omega Ratio Rank: 8686
Omega Ratio Rank
SLX Calmar Ratio Rank: 9191
Calmar Ratio Rank
SLX Martin Ratio Rank: 8787
Martin Ratio Rank
0GZB.DE
0GZB.DE Risk / Return Rank: 7676
Overall Rank
0GZB.DE Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
0GZB.DE Sortino Ratio Rank: 7676
Sortino Ratio Rank
0GZB.DE Omega Ratio Rank: 7070
Omega Ratio Rank
0GZB.DE Calmar Ratio Rank: 8484
Calmar Ratio Rank
0GZB.DE Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLX vs. 0GZB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.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.

SLX0GZB.DEDifference

Sharpe ratio

Return per unit of total volatility

1.90

1.53

+0.38

Sortino ratio

Return per unit of downside risk

2.55

2.16

+0.39

Omega ratio

Gain probability vs. loss probability

1.34

1.27

+0.07

Calmar ratio

Return relative to maximum drawdown

3.10

2.49

+0.61

Martin ratio

Return relative to average drawdown

10.15

8.64

+1.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLX vs. 0GZB.DE - Sharpe Ratio Comparison

The current SLX Sharpe Ratio is 1.90, which is comparable to the 0GZB.DE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SLX and 0GZB.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SLX0GZB.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.90

1.53

+0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.29

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.51

-0.31

Correlation

The correlation between SLX and 0GZB.DE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SLX vs. 0GZB.DE - Dividend Comparison

SLX's dividend yield for the trailing twelve months is around 1.43%, while 0GZB.DE has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
SLX
VanEck Vectors Steel ETF		1.43%1.55%3.56%2.80%4.97%7.07%1.87%3.44%6.26%2.50%1.06%5.35%
0GZB.DE
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SLX vs. 0GZB.DE - Drawdown Comparison

The maximum SLX drawdown since its inception was -82.14%, which is greater than 0GZB.DE's maximum drawdown of -45.15%. Use the drawdown chart below to compare losses from any high point for SLX and 0GZB.DE.

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Drawdown Indicators

SLX0GZB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-82.14%

-31.84%

-50.30%

Max Drawdown (1Y)

Largest decline over 1 year

-16.35%

-11.71%

-4.64%

Max Drawdown (5Y)

Largest decline over 5 years

-33.62%

-31.84%

-1.78%

Max Drawdown (10Y)

Largest decline over 10 years

-61.64%

—

—

Current Drawdown

Current decline from peak

-10.39%

-9.09%

-1.30%

Average Drawdown

Average peak-to-trough decline

-39.05%

-10.30%

-28.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.00%

3.50%

+1.50%

Volatility

SLX vs. 0GZB.DE - Volatility Comparison

VanEck Vectors Steel ETF (SLX) has a higher volatility of 9.70% compared to BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) at 6.42%. This indicates that SLX's price experiences larger fluctuations and is considered to be riskier than 0GZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLX0GZB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.70%

6.42%

+3.28%

Volatility (6M)

Calculated over the trailing 6-month period

17.90%

18.05%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

27.26%

23.52%

+3.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.86%

24.23%

+3.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.36%

23.80%

+7.56%