XMWJ.DE vs. 0GZD.DE
XMWJ.DE (WisdomTree Industrial Metals Enhanced) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds - XMWJ.DE tracks the Optimised Roll Industrial Metals while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, XMWJ.DE returned 6.79%/yr vs 5.74%/yr for 0GZD.DE. Their correlation of 0.82 suggests significant overlap in exposure. XMWJ.DE charges 0.40%/yr vs 1.20%/yr for 0GZD.DE.
Performance
XMWJ.DE vs. 0GZD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XMWJ.DE having a 11.66% return and 0GZD.DE slightly higher at 11.84%.
XMWJ.DE
- 1D
- -0.39%
- 1M
- 4.31%
- YTD
- 11.66%
- 6M
- 17.70%
- 1Y
- 28.56%
- 3Y*
- 8.41%
- 5Y*
- 6.79%
- 10Y*
- —
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.67%
- YTD
- 11.84%
- 6M
- 16.56%
- 1Y
- 30.72%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
XMWJ.DE vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMWJ.DE WisdomTree Industrial Metals Enhanced | 11.66% | 3.54% | 10.30% | -10.91% | 5.77% | 37.50% | 5.00% | 2.40% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
Correlation
The correlation between XMWJ.DE and 0GZD.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.82 |
The correlation between XMWJ.DE and 0GZD.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
XMWJ.DE vs. 0GZD.DE — Risk / Return Rank
XMWJ.DE
0GZD.DE
XMWJ.DE vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (XMWJ.DE) 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.
| XMWJ.DE | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.25 | +0.65 |
| Martin ratioReturn relative to average drawdown | 12.97 | 12.05 | +0.92 |
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
| XMWJ.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.04 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.30 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.48 | -0.08 |
Drawdowns
XMWJ.DE vs. 0GZD.DE - Drawdown Comparison
The maximum XMWJ.DE drawdown since its inception was -36.27%, smaller than the maximum 0GZD.DE drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for XMWJ.DE and 0GZD.DE.
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Drawdown Indicators
| XMWJ.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -39.86% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.42% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -17.15% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -39.86% | +3.59% |
Current DrawdownCurrent decline from peak | -14.55% | -8.92% | -5.63% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -19.47% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.54% | -0.34% |
Volatility
XMWJ.DE vs. 0GZD.DE - Volatility Comparison
WisdomTree Industrial Metals Enhanced (XMWJ.DE) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) have volatilities of 4.56% and 4.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMWJ.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.69% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.59% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 15.00% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 19.20% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 18.11% | +0.37% |
XMWJ.DE vs. 0GZD.DE - Expense Ratio Comparison
XMWJ.DE has a 0.40% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
XMWJ.DE vs. 0GZD.DE - Dividend Comparison
Neither XMWJ.DE nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
XMWJ.DE and 0GZD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWJ.DE is cheaper with a 0.40% expense ratio, compared with 1.20% for 0GZD.DE.
XMWJ.DE tracks Optimised Roll Industrial Metals, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.40% for XMWJ.DE and 1.20% for 0GZD.DE.
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