AIGI.L vs. BNQV.DE
AIGI.L (WisdomTree Industrial Metals) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds - AIGI.L tracks the Bloomberg Industrial Metals while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, AIGI.L returned 5.83%/yr vs 7.90%/yr for BNQV.DE. Their correlation of 0.86 suggests significant overlap in exposure. AIGI.L charges 0.49%/yr vs 1.00%/yr for BNQV.DE.
Performance
AIGI.L vs. BNQV.DE - Performance Comparison
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Different Trading Currencies
AIGI.L is traded in USD, while BNQV.DE is traded in EUR. To make them comparable, the BNQV.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 BNQV.DE's 12.65% 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%
BNQV.DE
- 1D
- -0.28%
- 1M
- 3.84%
- YTD
- 12.65%
- 6M
- 17.49%
- 1Y
- 32.99%
- 3Y*
- 14.37%
- 5Y*
- 7.90%
- 10Y*
- —
AIGI.L vs. BNQV.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% |
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 12.65% | 18.99% | 6.16% | -3.24% | 0.42% | 25.83% | 12.30% | 2.71% | -15.17% | 29.00% |
Correlation
The correlation between AIGI.L and BNQV.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.86 |
The correlation between AIGI.L and BNQV.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
AIGI.L vs. BNQV.DE — Risk / Return Rank
AIGI.L
BNQV.DE
AIGI.L vs. BNQV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals (AIGI.L) 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.
| AIGI.L | BNQV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.59 | -1.03 |
| Martin ratioReturn relative to average drawdown | 6.42 | 12.93 | -6.52 |
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
| AIGI.L | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.21 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.41 | -0.14 |
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 | 0.47 | -0.47 |
Drawdowns
AIGI.L vs. BNQV.DE - Drawdown Comparison
The maximum AIGI.L drawdown since its inception was -69.67%, which is greater than BNQV.DE's maximum drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for AIGI.L and BNQV.DE.
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Drawdown Indicators
| AIGI.L | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.67% | -38.67% | -31.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -9.15% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -16.64% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -41.99% | -38.67% | -3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | — | — |
Current DrawdownCurrent decline from peak | -24.66% | -1.71% | -22.95% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -16.31% | -29.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.54% | +2.57% |
Volatility
AIGI.L vs. BNQV.DE - Volatility Comparison
WisdomTree Industrial Metals (AIGI.L) has a higher volatility of 5.54% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.62%. This indicates that AIGI.L'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
| AIGI.L | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 4.62% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 12.65% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 14.85% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 19.38% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 17.58% | +1.91% |
AIGI.L vs. BNQV.DE - Expense Ratio Comparison
AIGI.L has a 0.49% expense ratio, which is lower than BNQV.DE's 1.00% expense ratio.
Dividends
AIGI.L vs. BNQV.DE - Dividend Comparison
Neither AIGI.L nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
AIGI.L and BNQV.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIGI.L is cheaper with a 0.49% expense ratio, compared with 1.00% for BNQV.DE.
AIGI.L tracks Bloomberg Industrial Metals, while BNQV.DE tracks RICI Enhanced Industrial Metals. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.49% for AIGI.L and 1.00% for BNQV.DE.
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