SXRS.DE vs. EMEH.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - SXRS.DE tracks the Bloomberg Commodity while EMEH.DE tracks the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 11.35%/yr for EMEH.DE. A 0.74 correlation means they provide meaningful diversification when combined. SXRS.DE charges 0.19%/yr vs 0.39%/yr for EMEH.DE.
Performance
SXRS.DE vs. EMEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than EMEH.DE's 21.33% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
EMEH.DE
- 1D
- -0.55%
- 1M
- 0.49%
- YTD
- 21.33%
- 6M
- 22.74%
- 1Y
- 43.19%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
SXRS.DE vs. EMEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 27.11% | -4.42% | 7.62% | -90.25% |
Correlation
The correlation between SXRS.DE and EMEH.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.74 |
The correlation between SXRS.DE and EMEH.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
SXRS.DE vs. EMEH.DE — Risk / Return Rank
SXRS.DE
EMEH.DE
SXRS.DE vs. EMEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.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.
| SXRS.DE | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.95 | -0.95 |
| Martin ratioReturn relative to average drawdown | 8.95 | 14.34 | -5.39 |
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
| SXRS.DE | EMEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.47 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.64 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.48 | +1.01 |
Drawdowns
SXRS.DE vs. EMEH.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum EMEH.DE drawdown of -92.42%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and EMEH.DE.
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Drawdown Indicators
| SXRS.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -92.42% | +64.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.89% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -12.28% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -32.73% | +5.17% |
Current DrawdownCurrent decline from peak | -4.99% | -80.34% | +75.35% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -81.38% | +68.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.08% | +0.84% |
Volatility
SXRS.DE vs. EMEH.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) at 4.15%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier than EMEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.15% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 15.95% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 17.83% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 17.50% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 34.16% | -18.31% |
SXRS.DE vs. EMEH.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
SXRS.DE vs. EMEH.DE - Dividend Comparison
Neither SXRS.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and EMEH.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for EMEH.DE.
SXRS.DE tracks Bloomberg Commodity, while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.19% for SXRS.DE and 0.39% for EMEH.DE.
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