0GZB.DE vs. BNQV.DE
0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds from BNP Paribas - 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged) while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, 0GZB.DE returned 6.77%/yr vs 8.91%/yr for BNQV.DE. A 0.71 correlation means they provide meaningful diversification when combined. 0GZB.DE charges 1.20%/yr vs 1.00%/yr for BNQV.DE.
Performance
0GZB.DE vs. BNQV.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 BNQV.DE's 13.96% 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*
- —
BNQV.DE
- 1D
- -0.40%
- 1M
- 4.63%
- YTD
- 13.96%
- 6M
- 17.14%
- 1Y
- 30.50%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
0GZB.DE vs. BNQV.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% |
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 36.61% | 2.31% | 2.56% |
Correlation
The correlation between 0GZB.DE and BNQV.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.71 |
The correlation between 0GZB.DE and BNQV.DE has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
0GZB.DE vs. BNQV.DE — Risk / Return Rank
0GZB.DE
BNQV.DE
0GZB.DE vs. BNQV.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 Enhanced Industriemetalle (TR) ETC (BNQV.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 | BNQV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 4.03 | -0.43 |
| Martin ratioReturn relative to average drawdown | 12.08 | 14.99 | -2.91 |
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 | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.13 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.48 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.43 | +0.19 |
Drawdowns
0GZB.DE vs. BNQV.DE - Drawdown Comparison
The maximum 0GZB.DE drawdown since its inception was -31.84%, smaller than the maximum BNQV.DE drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for 0GZB.DE and BNQV.DE.
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Drawdown Indicators
| 0GZB.DE | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -33.62% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -7.60% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -17.34% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -33.62% | +1.78% |
Current DrawdownCurrent decline from peak | -2.20% | -5.83% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -15.64% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.05% | +1.45% |
Volatility
0GZB.DE vs. BNQV.DE - Volatility Comparison
BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a higher volatility of 6.38% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.28%. This indicates that 0GZB.DE's price experiences larger fluctuations and is considered to be riskier than BNQV.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 | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 4.28% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 12.25% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 14.37% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 18.41% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 16.81% | +3.68% |
0GZB.DE vs. BNQV.DE - Expense Ratio Comparison
0GZB.DE has a 1.20% expense ratio, which is higher than BNQV.DE's 1.00% expense ratio.
Dividends
0GZB.DE vs. BNQV.DE - Dividend Comparison
Neither 0GZB.DE nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZB.DE and BNQV.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNQV.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNQV.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 BNQV.DE tracks RICI Enhanced Industrial Metals. Their fees differ too: 1.20% for 0GZB.DE and 1.00% for BNQV.DE.
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