TMET vs. 0GZD.DE
Compare and contrast key facts about iShares Transition-Enabling Metals ETF (TMET) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE).
TMET and 0GZD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMET is a passively managed fund by iShares that tracks the performance of the ICE Clean Energy Transition. It was launched on Sep 26, 2023. 0GZD.DE is a passively managed fund by BNP Paribas that tracks the performance of the RICI Enhanced Industrial Metals (EUR Hedged). It was launched on Aug 7, 2019. Both TMET and 0GZD.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
TMET vs. 0GZD.DE - Performance Comparison
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TMET vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMET iShares Transition-Enabling Metals ETF | 7.02% | 54.07% | 6.95% | 2.69% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 0.78% | 31.30% | -1.28% | 5.72% |
Different Trading Currencies
TMET is traded in USD, while 0GZD.DE is traded in EUR. To make them comparable, the 0GZD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TMET achieves a 7.02% return, which is significantly higher than 0GZD.DE's 0.78% return.
TMET
- 1D
- 0.87%
- 1M
- -4.99%
- YTD
- 7.02%
- 6M
- 31.28%
- 1Y
- 46.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
0GZD.DE
- 1D
- 0.07%
- 1M
- -4.40%
- YTD
- 0.78%
- 6M
- 10.96%
- 1Y
- 25.77%
- 3Y*
- 8.58%
- 5Y*
- 5.71%
- 10Y*
- —
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TMET vs. 0GZD.DE - Expense Ratio Comparison
TMET has a 0.48% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Return for Risk
TMET vs. 0GZD.DE — Risk / Return Rank
TMET
0GZD.DE
TMET vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transition-Enabling Metals ETF (TMET) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.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.
| TMET | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.37 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.98 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.03 | +0.03 |
Martin ratioReturn relative to average drawdown | 5.95 | 7.18 | -1.23 |
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
| TMET | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.37 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.37 | +0.75 |
Correlation
The correlation between TMET and 0GZD.DE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TMET vs. 0GZD.DE - Dividend Comparison
TMET's dividend yield for the trailing twelve months is around 13.81%, while 0GZD.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMET iShares Transition-Enabling Metals ETF | 13.81% | 14.78% | 29.62% | 1.02% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMET vs. 0GZD.DE - Drawdown Comparison
The maximum TMET drawdown since its inception was -22.20%, smaller than the maximum 0GZD.DE drawdown of -47.05%. Use the drawdown chart below to compare losses from any high point for TMET and 0GZD.DE.
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Drawdown Indicators
| TMET | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -39.86% | +17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -9.42% | -12.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.86% | — |
Current DrawdownCurrent decline from peak | -15.85% | -16.85% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -19.67% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 2.55% | +5.14% |
Volatility
TMET vs. 0GZD.DE - Volatility Comparison
iShares Transition-Enabling Metals ETF (TMET) has a higher volatility of 9.35% compared to BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) at 5.78%. This indicates that TMET's price experiences larger fluctuations and is considered to be riskier than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMET | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 5.78% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 27.18% | 13.41% | +13.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.94% | 18.67% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 22.54% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.02% | 21.37% | +2.65% |