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BNPP RICI Enhanced Kupfer (TR) ETC USD (B4NB.DE) Sharpe Ratio: 2.26

ETF · Currency in EUR · Last updated Jun 5, 2026

B4NB.DE is a passive ETF by BNP Paribas tracking the investment results of the RICI Enhanced Copper. B4NB.DE launched on May 16, 2017 and has a 0.99% expense ratio.

B4NB.DE's Sharpe Ratio of 2.26 indicates that for each unit of volatility, it generates 2.26 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

B4NB.DE Sharpe Ratio Rank

B4NB.DE Sharpe Ratio Rank: 70.570
Above Average

B4NB.DE ranks above 70.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

B4NB.DE Sharpe Ratio Market Positioning

The chart shows B4NB.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.39
  • Green zone (top 25%): 2.39 or higher
  • Top 1%: 7.65+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares BNPP RICI Enhanced Kupfer (TR) ETC USD's Sharpe Ratio with other ETFs in the Metals category across multiple time periods, showing how B4NB.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ALUM.LWisdomTree Aluminium2.85
DBBInvesco DB Base Metals Fund2.46
B4NB.DEBNPP RICI Enhanced Kupfer (TR) ETC USD2.26
BNQP.DEBNPP RICI Kupfer (TR) Enhanced ETC2.21
AMPS.LWisdomTree Battery Metals2.19
BNQV.DEBNPP RICI Enhanced Industriemetalle (TR) ETC2.13
ZINC.LWisdomTree Zinc2.12
0GZB.DEBNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC2.10
0GZD.DEBNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC2.04
B4NQ.DEBNPP Kupfer (TR) ETC2.04

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows B4NB.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when B4NB.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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