0GZD.DE vs. BNQV.DE
0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds from BNP Paribas - 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged) while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, 0GZD.DE returned 5.74%/yr vs 8.91%/yr for BNQV.DE. Their correlation of 0.88 suggests significant overlap in exposure. 0GZD.DE charges 1.20%/yr vs 1.00%/yr for BNQV.DE.
Performance
0GZD.DE vs. BNQV.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 BNQV.DE's 13.96% return.
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
BNQV.DE
- 1D
- -0.40%
- 1M
- 4.56%
- YTD
- 13.96%
- 6M
- 17.81%
- 1Y
- 30.74%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
0GZD.DE vs. BNQV.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% |
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 0GZD.DE and BNQV.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.88 |
The correlation between 0GZD.DE and BNQV.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
0GZD.DE vs. BNQV.DE — Risk / Return Rank
0GZD.DE
BNQV.DE
0GZD.DE vs. BNQV.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 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.
| 0GZD.DE | BNQV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 4.03 | -0.78 |
| Martin ratioReturn relative to average drawdown | 12.05 | 14.99 | -2.94 |
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 | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.13 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.48 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.43 | +0.04 |
Drawdowns
0GZD.DE vs. BNQV.DE - Drawdown Comparison
The maximum 0GZD.DE drawdown since its inception was -39.86%, which is greater than BNQV.DE's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for 0GZD.DE and BNQV.DE.
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Drawdown Indicators
| 0GZD.DE | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -33.62% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -7.60% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.15% | -17.34% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | -33.62% | -6.24% |
Current DrawdownCurrent decline from peak | -8.92% | -5.83% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -15.64% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.05% | +0.49% |
Volatility
0GZD.DE vs. BNQV.DE - Volatility Comparison
BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) has a higher volatility of 4.69% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.28%. This indicates that 0GZD.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
| 0GZD.DE | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.28% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 12.25% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 14.37% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 18.41% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 16.81% | +1.30% |
0GZD.DE vs. BNQV.DE - Expense Ratio Comparison
0GZD.DE has a 1.20% expense ratio, which is higher than BNQV.DE's 1.00% expense ratio.
Dividends
0GZD.DE vs. BNQV.DE - Dividend Comparison
Neither 0GZD.DE nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
0GZD.DE and BNQV.DE have a correlation of 0.85, 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 0GZD.DE.
0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged), while BNQV.DE tracks RICI Enhanced Industrial Metals. Their fees differ too: 1.20% for 0GZD.DE and 1.00% for BNQV.DE.
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