# Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation (0E4X) **Page:** https://fundology.uk/fund/0e4x · ISIN LU1291109616 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 0E4X (Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation, ISIN LU1291109616) closed at €21.07 on the London Stock Exchange. Its ongoing charge is 0.63% a year (about £63 on £10,000). Over the five years to 13/11/2026 its total return was +100.4%, or +56.4% after UK CPIH inflation. ## Summary Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation is an exchange-traded fund (ETF) from BNP Paribas, launched in 2015. It tracks the BNP Paribas Energy & Metals Enhanced Roll Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.63% a year — about £63 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **€21.07** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0E4X | | ISIN | LU1291109616 | | Also listed as | GSDE (Xetra, euros) | | Category | Gold & commodities | | Type | ETF | | Provider | BNP Paribas | | Tracks | BNP Paribas Energy & Metals Enhanced Roll Index | | Income | Accumulating | | Ongoing charge | 0.63% a year (£63 per £10,000) | | Launched | 2015 | | Domicile | Luxembourg | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +36.14% | +31.32% | income reinvested | | 3 years | +36.15% | +23.00% | income reinvested | | 5 years | +100.35% | +56.39% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation in pounds (price, with income reinvested in the fund): 2022 +28.2%, 2023 −15.0%, 2024 +11.0%, 2025 +16.0%; 2026 to 13/11/2026 +21.7%. Returns of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +38.0%; to 30/09/2025: +15.9%; to 30/09/2024: −7.5%; to 30/09/2023: −10.5%; to 30/09/2022: +38.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +28.2% | +17.3% | Price | | 2023 | -15.0% | -18.4% | Price | | 2024 | +11.0% | +7.2% | Price | | 2025 | +16.0% | +12.0% | Price | | 2026 to 13/11/2026 | +21.7% | +17.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 19.63% | -10.99% | | 3 years | 16.59% | -11.23% | | 5 years | 17.63% | -28.32% | ## Largest fall Volatility of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 19.6% over 1 year, 16.6% over 3 years, 17.6% over 5 years. Largest fall in the price of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation since November 2021, in pounds: −28.3% from 10/06/2022 to 02/02/2024. The lowest 12-month return of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −24.2% (12 months to 09/06/2023); the highest was +67.8% (12 months to 10/06/2022). On 13/11/2026 the price of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation was 5.9% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation 0.63% a year. Compared on 14/11/2026, 16 of the 149 other gold and commodity funds charge more, 2 the same and 131 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.63%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 0E4X is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 21/05/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 21/05/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Intel | [INTC](https://fundology.uk/stock/INTC) | 8.03% | | 2 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 7.90% | | 3 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 7.02% | | 4 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.70% | | 5 | MetLife | [MET](https://fundology.uk/stock/MET) | 5.20% | | 6 | American International Group, Inc. New | [AIG](https://fundology.uk/stock/AIG) | 4.01% | | 7 | AbbVie | [ABBV](https://fundology.uk/stock/ABBV) | 3.74% | | 8 | Ross Stores | [ROST](https://fundology.uk/stock/ROST) | 3.41% | | 9 | Costco Wholesale | [COST](https://fundology.uk/stock/COST) | 3.30% | | 10 | CrowdStrike · Class A | [CRWD](https://fundology.uk/stock/CRWD) | 3.14% | All 58 holdings: https://fundology.uk/fund/0e4x/holdings ## Questions people ask **What is the ongoing charge of 0E4X?** The ongoing charge of 0E4X is 0.63% a year — about £63 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Easy Energy & Metals Enhanced Roll -UCITS ETF EUR- Capitalisation 0.63% a year. Compared on 14/11/2026, 16 of the 149 other gold and commodity funds charge more, 2 the same and 131 less (share classes counted once). **What does 0E4X track?** 0E4X tracks the BNP Paribas Energy & Metals Enhanced Roll Index. **Is 0E4X accumulating or distributing?** 0E4X is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 0E4X?** The ISIN of 0E4X is LU1291109616. An ISIN identifies one exact share class of a fund; 0E4X is its ticker on the London Stock Exchange. The same share class is also listed as GSDE (Xetra, euros). **What does 0E4X hold?** 0E4X is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 21/05/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were 0E4X’s returns in each of the last five years?** Calendar-year returns of 0E4X in pounds (price, with income reinvested in the fund): 2022 +28.2%, 2023 −15.0%, 2024 +11.0%, 2025 +16.0%; 2026 to 13/11/2026 +21.7%. Past performance is not a guide to future returns. **How has 0E4X done after inflation?** Over the five years to 13/11/2026 0E4X’s total return was +100.4%, or +56.4% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at BNP Paribas Asset Management](https://www.bnpparibas-am.com/en-gb/fundsheet/other/bnp-paribas-easy-energy-metals-enhanced-roll-ucits-etf-eur-c-lu1291109616) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.