0GZD.DE vs. BNQP.DE
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) are both Metals funds from BNP Paribas - 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged) while BNQP.DE tracks the RICI Enhanced Copper. Both are passively managed. Over the past 5 years, 0GZD.DE returned 5.74%/yr vs 9.93%/yr for BNQP.DE. A 0.75 correlation means they provide meaningful diversification when combined. 0GZD.DE charges 1.20%/yr vs 1.00%/yr for BNQP.DE.
Performance
0GZD.DE vs. BNQP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 0GZD.DE achieves a 11.84% return, which is significantly lower than BNQP.DE's 12.82% return.
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.67%
- YTD
- 11.84%
- 6M
- 16.56%
- 1Y
- 30.72%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
BNQP.DE
- 1D
- 0.72%
- 1M
- 6.09%
- YTD
- 12.82%
- 6M
- 23.25%
- 1Y
- 42.24%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 10Y*
- —
0GZD.DE vs. BNQP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
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 0GZD.DE and BNQP.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.75 |
The correlation between 0GZD.DE and BNQP.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
0GZD.DE vs. BNQP.DE — Risk / Return Rank
0GZD.DE
BNQP.DE
0GZD.DE vs. BNQP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.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.
| 0GZD.DE | BNQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 4.87 | -1.63 |
| Martin ratioReturn relative to average drawdown | 12.05 | 16.92 | -4.87 |
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
| 0GZD.DE | BNQP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.21 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.52 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.66 | -0.18 |
Drawdowns
0GZD.DE vs. BNQP.DE - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, 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 0GZD.DE and BNQP.DE.
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Drawdown Indicators
| 0GZD.DE | BNQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -29.03% | -10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -8.63% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -17.93% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -25.14% | -14.72% |
Current DrawdownCurrent decline from peak | -8.92% | -1.26% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -9.15% | -10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.49% | +0.05% |
Volatility
0GZD.DE vs. BNQP.DE - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) is 4.69%, while BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a volatility of 5.70%. This indicates that 0GZD.DE experiences smaller price fluctuations and is considered to be less risky 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
| 0GZD.DE | BNQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.70% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 15.31% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 19.07% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 19.11% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 18.78% | -0.67% |
0GZD.DE vs. BNQP.DE - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than BNQP.DE's 1.00% expense ratio.
Dividends
0GZD.DE vs. BNQP.DE - Dividend Comparison
Neither 0GZD.DE nor BNQP.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and BNQP.DE have a correlation of 0.78, 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 0GZD.DE.
0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while BNQP.DE tracks RICI Enhanced Copper. Their fees differ too: 1.20% for 0GZD.DE and 1.00% for BNQP.DE.
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