AIGI.L vs. BNQP.DE

Last updated Jun 5, 2026

AIGI.L (WisdomTree Industrial Metals) and BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) are both Metals funds - AIGI.L tracks the Bloomberg Industrial Metals while BNQP.DE tracks the RICI Enhanced Copper. Both are passively managed. Over the past 5 years, AIGI.L returned 5.83%/yr vs 8.91%/yr for BNQP.DE. A 0.79 correlation means they provide meaningful diversification when combined. AIGI.L charges 0.49%/yr vs 1.00%/yr for BNQP.DE.

Performance

AIGI.L vs. BNQP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Industrial Metals (AIGI.L) and BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIGI.L is traded in USD, while BNQP.DE is traded in EUR. To make them comparable, the BNQP.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIGI.L achieves a 15.82% return, which is significantly higher than BNQP.DE's 11.53% return.

AIGI.L

• 1D: -0.40%
• 1M: 4.46%
• YTD: 15.82%
• 6M: 21.54%
• 1Y: 32.92%
• 3Y*: 13.33%
• 5Y*: 5.83%
• 10Y*: 8.39%

BNQP.DE

• 1D: 0.84%
• 1M: 5.36%
• YTD: 11.53%
• 6M: 22.91%
• 1Y: 44.68%
• 3Y*: 20.67%
• 5Y*: 8.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIGI.L vs. BNQP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIGI.L WisdomTree Industrial Metals	15.82%	19.43%	3.07%	-11.78%	-2.91%	28.67%	14.31%	6.29%	-19.44%	26.54%
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC	11.53%	36.51%	9.79%	5.41%	-8.51%	21.25%	23.32%	5.14%	-17.20%	33.16%

Correlation

The correlation between AIGI.L and BNQP.DE is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016	0.79

The correlation between AIGI.L and BNQP.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

AIGI.L vs. BNQP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIGI.L

AIGI.L Risk / Return Rank: 47
AIGI.L Sharpe Ratio Rank: 49
AIGI.L Sortino Ratio Rank: 42
AIGI.L Omega Ratio Rank: 52
AIGI.L Calmar Ratio Rank: 53
AIGI.L Martin Ratio Rank: 41

BNQP.DE

BNQP.DE Risk / Return Rank: 75
BNQP.DE Sharpe Ratio Rank: 68
BNQP.DE Sortino Ratio Rank: 69
BNQP.DE Omega Ratio Rank: 68
BNQP.DE Calmar Ratio Rank: 87
BNQP.DE Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIGI.L vs. BNQP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals (AIGI.L) 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.

	AIGI.L	BNQP.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.25	-0.57
Sortino ratio: Return per unit of downside risk	2.11	3.06	-0.95
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.56	3.83	-1.27
Martin ratio: Return relative to average drawdown	6.42	12.90	-6.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIGI.L vs. BNQP.DE - Sharpe Ratio Comparison

The current AIGI.L Sharpe Ratio is 1.68, which is comparable to the BNQP.DE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of AIGI.L and BNQP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIGI.L	BNQP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.25	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.43	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.65	-0.66

Drawdowns

AIGI.L vs. BNQP.DE - Drawdown Comparison

The maximum AIGI.L drawdown since its inception was -69.67%, which is greater than BNQP.DE's maximum drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for AIGI.L and BNQP.DE.

Drawdown Indicators

	AIGI.L	BNQP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-69.67%	-35.36%	-34.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.83%	-11.62%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-20.72%	-17.26%	-3.46%
Max Drawdown (5Y) Largest decline over 5 years	-41.99%	-31.23%	-10.76%
Max Drawdown (10Y) Largest decline over 10 years	-41.99%	—	—
Current Drawdown Current decline from peak	-24.66%	-2.10%	-22.56%
Average Drawdown Average peak-to-trough decline	-45.42%	-10.39%	-35.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	3.45%	+1.66%

Volatility

AIGI.L vs. BNQP.DE - Volatility Comparison

The current volatility for WisdomTree Industrial Metals (AIGI.L) is 5.54%, while BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a volatility of 6.23%. This indicates that AIGI.L 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.

Volatility by Period

	AIGI.L	BNQP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	6.23%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	16.24%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	19.77%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.95%	20.59%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.49%	19.82%	-0.33%

AIGI.L vs. BNQP.DE - Expense Ratio Comparison

AIGI.L has a 0.49% expense ratio, which is lower than BNQP.DE's 1.00% expense ratio.

Dividends

AIGI.L vs. BNQP.DE - Dividend Comparison

Neither AIGI.L nor BNQP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIGI.L and BNQP.DE in my portfolio?

AIGI.L and BNQP.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIGI.L or BNQP.DE?

On fees, AIGI.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIGI.L or BNQP.DE?

AIGI.L is cheaper with a 0.49% expense ratio, compared with 1.00% for BNQP.DE.

What is the main difference between AIGI.L and BNQP.DE?

AIGI.L tracks Bloomberg Industrial Metals, while BNQP.DE tracks RICI Enhanced Copper. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.49% for AIGI.L and 1.00% for BNQP.DE.