XSVT.DE vs. GSDE.DE
XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - XSVT.DE tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward while GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 3 years, XSVT.DE returned 13.54%/yr vs 13.45%/yr for GSDE.DE. Their correlation of 0.94 suggests significant overlap in exposure. XSVT.DE charges 0.29%/yr vs 0.39%/yr for GSDE.DE.
Performance
XSVT.DE vs. GSDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSVT.DE achieves a 10.76% return, which is significantly lower than GSDE.DE's 13.06% return.
XSVT.DE
- 1D
- 0.00%
- 1M
- -8.08%
- YTD
- 10.76%
- 6M
- 14.01%
- 1Y
- 31.27%
- 3Y*
- 13.54%
- 5Y*
- —
- 10Y*
- —
GSDE.DE
- 1D
- 0.53%
- 1M
- -8.51%
- YTD
- 13.06%
- 6M
- 16.01%
- 1Y
- 32.11%
- 3Y*
- 13.45%
- 5Y*
- 12.28%
- 10Y*
- -2.87%
XSVT.DE vs. GSDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSVT.DE Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 10.76% | 14.36% | 15.10% | -12.67% | 15.08% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 13.06% | 13.79% | 14.91% | -12.92% | 11.48% |
Correlation
The correlation between XSVT.DE and GSDE.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.94 |
The correlation between XSVT.DE and GSDE.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XSVT.DE vs. GSDE.DE — Risk / Return Rank
XSVT.DE
GSDE.DE
XSVT.DE vs. GSDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSVT.DE | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.77 | -0.80 |
| Martin ratioReturn relative to average drawdown | 5.03 | 10.47 | -5.43 |
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Drawdowns
XSVT.DE vs. GSDE.DE - Drawdown Comparison
The maximum XSVT.DE drawdown since its inception was -27.57%, smaller than the maximum GSDE.DE drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for XSVT.DE and GSDE.DE.
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Drawdown Indicators
| XSVT.DE | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.57% | -91.25% | +63.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -11.53% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -15.26% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.25% | — |
Current DrawdownCurrent decline from peak | -10.59% | -78.08% | +67.49% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -72.32% | +57.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 3.06% | +3.16% |
Volatility
XSVT.DE vs. GSDE.DE - Volatility Comparison
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) have volatilities of 3.94% and 4.04%, 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
| XSVT.DE | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.04% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 16.55% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.42% | 18.55% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 17.94% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 117.87% | -96.32% |
XSVT.DE vs. GSDE.DE - Expense Ratio Comparison
XSVT.DE has a 0.29% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
XSVT.DE vs. GSDE.DE - Dividend Comparison
Neither XSVT.DE nor GSDE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XSVT.DE and GSDE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSVT.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSVT.DE is cheaper with a 0.29% expense ratio, compared with 0.39% for GSDE.DE.
XSVT.DE tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: Xtrackers and BNP Paribas. Their fees differ too: 0.29% for XSVT.DE and 0.39% for GSDE.DE.
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