B4NQ.DE vs. EMEC.DE
B4NQ.DE (BNPP Kupfer (TR) ETC) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - B4NQ.DE is a Metals fund tracking the LME Copper Futures, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 5 years, B4NQ.DE returned 9.94%/yr vs 9.49%/yr for EMEC.DE. At a 0.25 correlation, their price movements are largely independent. B4NQ.DE charges 0.90%/yr vs 0.30%/yr for EMEC.DE.
Performance
B4NQ.DE vs. EMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, B4NQ.DE achieves a 12.61% return, which is significantly higher than EMEC.DE's 10.95% return.
B4NQ.DE
- 1D
- 0.20%
- 1M
- 5.53%
- YTD
- 12.61%
- 6M
- 20.58%
- 1Y
- 43.15%
- 3Y*
- 17.04%
- 5Y*
- 9.94%
- 10Y*
- —
EMEC.DE
- 1D
- -0.24%
- 1M
- 3.53%
- YTD
- 10.95%
- 6M
- 10.06%
- 1Y
- 21.52%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
B4NQ.DE vs. EMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
B4NQ.DE BNPP Kupfer (TR) ETC | 12.61% | 27.66% | 11.19% | -0.03% | -5.09% | 34.69% | 13.54% | 6.44% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
Correlation
The correlation between B4NQ.DE and EMEC.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.25 |
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Return for Risk
B4NQ.DE vs. EMEC.DE — Risk / Return Rank
B4NQ.DE
EMEC.DE
B4NQ.DE vs. EMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP Kupfer (TR) ETC (B4NQ.DE) and BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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.
| B4NQ.DE | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 2.64 | +2.05 |
| Martin ratioReturn relative to average drawdown | 15.53 | 9.05 | +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. | |||
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Sharpe Ratios by Period
| B4NQ.DE | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.73 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.67 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.82 | -0.28 |
Drawdowns
B4NQ.DE vs. EMEC.DE - Drawdown Comparison
The maximum B4NQ.DE drawdown since its inception was -29.78%, roughly equal to the maximum EMEC.DE drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for B4NQ.DE and EMEC.DE.
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Drawdown Indicators
| B4NQ.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.78% | -30.18% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -7.95% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.98% | -20.78% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -20.78% | -6.73% |
Current DrawdownCurrent decline from peak | -0.62% | -0.24% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -5.05% | -6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.32% | +0.53% |
Volatility
B4NQ.DE vs. EMEC.DE - Volatility Comparison
BNPP Kupfer (TR) ETC (B4NQ.DE) has a higher volatility of 5.45% compared to BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) at 3.47%. This indicates that B4NQ.DE's price experiences larger fluctuations and is considered to be riskier than EMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| B4NQ.DE | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 3.47% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 18.83% | 8.86% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 12.15% | +9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 14.05% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 16.00% | +4.30% |
B4NQ.DE vs. EMEC.DE - Expense Ratio Comparison
B4NQ.DE has a 0.90% expense ratio, which is higher than EMEC.DE's 0.30% expense ratio.
Dividends
B4NQ.DE vs. EMEC.DE - Dividend Comparison
Neither B4NQ.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
B4NQ.DE and EMEC.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMEC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE is cheaper with a 0.30% expense ratio, compared with 0.90% for B4NQ.DE.
B4NQ.DE is categorized as Metals, while EMEC.DE is Global Equities. B4NQ.DE tracks LME Copper Futures, while EMEC.DE tracks ECPI Circular Economy Leaders Equity. Their fees differ too: 0.90% for B4NQ.DE and 0.30% for EMEC.DE.
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