0GZB.DE vs. BNQP.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) are both Metals funds from BNP Paribas - 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged) while BNQP.DE tracks the RICI Enhanced Copper. Both are passively managed. Over the past 5 years, 0GZB.DE returned 6.77%/yr vs 9.93%/yr for BNQP.DE. Their correlation of 0.91 suggests significant overlap in exposure. 0GZB.DE charges 1.20%/yr vs 1.00%/yr for BNQP.DE.
Performance
0GZB.DE vs. BNQP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 0GZB.DE achieves a 10.76% return, which is significantly lower than BNQP.DE's 12.82% return.
0GZB.DE
- 1D
- 0.84%
- 1M
- 3.24%
- YTD
- 10.76%
- 6M
- 20.27%
- 1Y
- 40.22%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
BNQP.DE
- 1D
- 0.72%
- 1M
- 4.50%
- YTD
- 12.82%
- 6M
- 21.28%
- 1Y
- 40.54%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 10Y*
- —
0GZB.DE vs. BNQP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 20.19% | 21.59% | 6.66% |
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 12.82% | 20.92% | 16.44% | 2.18% | -3.18% | 31.64% | 12.34% | 7.93% |
Correlation
The correlation between 0GZB.DE and BNQP.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.91 |
The correlation between 0GZB.DE and BNQP.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
0GZB.DE vs. BNQP.DE — Risk / Return Rank
0GZB.DE
BNQP.DE
0GZB.DE vs. BNQP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) and BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.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.
| 0GZB.DE | BNQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 4.87 | -1.27 |
| Martin ratioReturn relative to average drawdown | 12.08 | 16.92 | -4.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 0GZB.DE | BNQP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.21 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.52 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.66 | -0.03 |
Drawdowns
0GZB.DE vs. BNQP.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, which is greater than BNQP.DE's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and BNQP.DE.
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Drawdown Indicators
| 0GZB.DE | BNQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -29.03% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -8.63% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -17.93% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -25.14% | -6.70% |
Current DrawdownCurrent decline from peak | -2.20% | -1.26% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -9.15% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.49% | +1.01% |
Volatility
0GZB.DE vs. BNQP.DE - Volatility Comparison
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a higher volatility of 6.38% compared to BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) at 5.70%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than BNQP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GZB.DE | BNQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 5.70% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 15.31% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 19.07% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 19.11% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 18.78% | +1.71% |
0GZB.DE vs. BNQP.DE - Expense Ratio Comparison
0GZB.DE has a 1.20% expense ratio, which is higher than BNQP.DE's 1.00% expense ratio.
Dividends
0GZB.DE vs. BNQP.DE - Dividend Comparison
Neither 0GZB.DE nor BNQP.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and BNQP.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNQP.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNQP.DE is cheaper with a 1.00% expense ratio, compared with 1.20% for 0GZB.DE.
0GZB.DE tracks RICI Enhanced Copper (EUR Hedged), while BNQP.DE tracks RICI Enhanced Copper. Their fees differ too: 1.20% for 0GZB.DE and 1.00% for BNQP.DE.
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