WTEH.DE vs. GSDE.DE
WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged) while GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 5 years, WTEH.DE returned 9.32%/yr vs 14.84%/yr for GSDE.DE. A 0.76 correlation means they provide meaningful diversification when combined. WTEH.DE charges 0.35%/yr vs 0.39%/yr for GSDE.DE.
Performance
WTEH.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEH.DE achieves a 28.87% return, which is significantly higher than GSDE.DE's 23.86% return.
WTEH.DE
- 1D
- -1.21%
- 1M
- -0.63%
- YTD
- 28.87%
- 6M
- 30.95%
- 1Y
- 40.23%
- 3Y*
- 14.16%
- 5Y*
- 9.32%
- 10Y*
- —
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%
WTEH.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc | 28.87% | 14.12% | 1.38% | -8.99% | 8.44% | 27.25% | 5.11% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 38.67% | -2.45% |
Correlation
The correlation between WTEH.DE and GSDE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2020 | 0.76 |
The correlation between WTEH.DE and GSDE.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
WTEH.DE vs. GSDE.DE — Risk / Return Rank
WTEH.DE
GSDE.DE
WTEH.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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.
| WTEH.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 5.65 | +1.29 |
| Martin ratioReturn relative to average drawdown | 15.94 | 12.60 | +3.35 |
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
| WTEH.DE | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.37 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.82 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.09 | +0.77 |
Drawdowns
WTEH.DE vs. GSDE.DE - Drawdown Comparison
The maximum WTEH.DE drawdown since its inception was -28.22%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for WTEH.DE and GSDE.DE.
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Drawdown Indicators
| WTEH.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -68.91% | +40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -7.89% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -15.25% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | -29.72% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.72% | — |
Current DrawdownCurrent decline from peak | -4.05% | -6.40% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -44.09% | +29.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.54% | -0.96% |
Volatility
WTEH.DE vs. GSDE.DE - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) has a higher volatility of 5.17% compared to BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) at 4.51%. This indicates that WTEH.DE's price experiences larger fluctuations and is considered to be riskier 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
| WTEH.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.51% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 16.35% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 18.80% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 17.84% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 15.76% | -0.37% |
WTEH.DE vs. GSDE.DE - Expense Ratio Comparison
WTEH.DE has a 0.35% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
WTEH.DE vs. GSDE.DE - Dividend Comparison
Neither WTEH.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEH.DE and GSDE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEH.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEH.DE is cheaper with a 0.35% expense ratio, compared with 0.39% for GSDE.DE.
WTEH.DE tracks Optimized Roll Commodity (EUR Hedged), while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.35% for WTEH.DE and 0.39% for GSDE.DE.
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