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BNPP Kupfer (TR) ETC (B4NQ.DE) Sharpe Ratio: 2.05

ETF · Currency in EUR · Last updated Jul 14, 2026

B4NQ.DE is a passive ETF by BNP Paribas tracking the investment results of the LME Copper Futures. B4NQ.DE launched on May 22, 2017 and has a 0.90% expense ratio.

B4NQ.DE's Sharpe Ratio of 2.05 indicates that for each unit of volatility, it generates 2.05 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

B4NQ.DE Sharpe Ratio Rank

B4NQ.DE Sharpe Ratio Rank: 81.481
Exceptional

B4NQ.DE ranks above 81.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. 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

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

B4NQ.DE Sharpe Ratio Market Positioning

The chart shows B4NQ.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%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.40+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares BNPP Kupfer (TR) ETC's Sharpe Ratio with other ETFs in the Metals category across multiple time periods, showing how B4NQ.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 Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BNQP.DEBNPP RICI Kupfer (TR) Enhanced ETC2.18
B4NQ.DEBNPP Kupfer (TR) ETC2.05
B4NB.DEBNPP RICI Enhanced Kupfer (TR) ETC USD1.92
ZINC.LWisdomTree Zinc1.89
0GZB.DEBNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC1.80
BNQV.DEBNPP RICI Enhanced Industriemetalle (TR) ETC1.73
DBBInvesco DB Base Metals Fund1.66
PICKiShares MSCI Global Metals & Mining Producers ETF1.55
META.LWisdomTree Industrial Metals Enhanced1.37
0GZD.DEBNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC1.34

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows B4NQ.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 B4NQ.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does B4NQ.DE fit in your portfolio?

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