"BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR Hedged" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the BNP Paribas Energy & Metals Enhanced Roll Index. This index reflects the development of world wide commodity futures . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings are automatically reinvested (accumulated). The fund company EasyETF claims a total expense ratio (TER) of 0.39% per year. The yearly average divergence from the index performance (Tracking Difference) since 2018 was 1.52% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.