B4NQ.DE vs. ISTM
B4NQ.DE (BNPP Kupfer (TR) ETC) and ISTM (iShares Strategic Metals ETF) are both Metals funds - B4NQ.DE tracks the LME Copper Futures while ISTM tracks the ICE Strategic Re-Industrialization Metals Index. Both are passively managed. Over the past year, B4NQ.DE returned 43.15% vs 48.97% for ISTM. A 0.69 correlation means they provide meaningful diversification when combined. B4NQ.DE charges 0.90%/yr vs 0.49%/yr for ISTM.
Performance
B4NQ.DE vs. ISTM - Performance Comparison
Loading charts...
Different Trading Currencies
B4NQ.DE is traded in EUR, while ISTM is traded in USD. To make them comparable, the ISTM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, B4NQ.DE achieves a 12.61% return, which is significantly higher than ISTM's 10.89% 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*
- —
ISTM
- 1D
- -3.59%
- 1M
- -1.42%
- YTD
- 10.89%
- 6M
- 20.53%
- 1Y
- 48.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
B4NQ.DE vs. ISTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
B4NQ.DE BNPP Kupfer (TR) ETC | 12.61% | 27.66% | 11.19% | -1.21% |
ISTM iShares Strategic Metals ETF | 10.89% | 35.79% | 14.01% | -1.69% |
Correlation
The correlation between B4NQ.DE and ISTM is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.69 |
The correlation between B4NQ.DE and ISTM has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
B4NQ.DE vs. ISTM — Risk / Return Rank
B4NQ.DE
ISTM
B4NQ.DE vs. ISTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP Kupfer (TR) ETC (B4NQ.DE) and iShares Strategic Metals ETF (ISTM). 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 | ISTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 2.52 | +2.17 |
| Martin ratioReturn relative to average drawdown | 15.53 | 6.38 | +9.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| B4NQ.DE | ISTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.67 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.94 | -0.40 |
Drawdowns
B4NQ.DE vs. ISTM - Drawdown Comparison
The maximum B4NQ.DE drawdown since its inception was -29.78%, which is greater than ISTM's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for B4NQ.DE and ISTM.
Loading charts...
Drawdown Indicators
| B4NQ.DE | ISTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.78% | -19.50% | -10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -19.50% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -22.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -11.13% | +10.51% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -6.45% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 7.70% | -4.85% |
Volatility
B4NQ.DE vs. ISTM - Volatility Comparison
The current volatility for BNPP Kupfer (TR) ETC (B4NQ.DE) is 5.45%, while iShares Strategic Metals ETF (ISTM) has a volatility of 8.61%. This indicates that B4NQ.DE experiences smaller price fluctuations and is considered to be less risky than ISTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| B4NQ.DE | ISTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 8.61% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.83% | 26.86% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 29.41% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.13% | 23.00% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 23.00% | -2.70% |
B4NQ.DE vs. ISTM - Expense Ratio Comparison
B4NQ.DE has a 0.90% expense ratio, which is higher than ISTM's 0.49% expense ratio.
Dividends
B4NQ.DE vs. ISTM - Dividend Comparison
B4NQ.DE has not paid dividends to shareholders, while ISTM's dividend yield for the trailing twelve months is around 13.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
B4NQ.DE BNPP Kupfer (TR) ETC | 0.00% | 0.00% | 0.00% | 0.00% |
ISTM iShares Strategic Metals ETF | 13.59% | 14.78% | 29.62% | 1.02% |
Frequently Asked Questions
B4NQ.DE and ISTM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISTM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISTM is cheaper with a 0.49% expense ratio, compared with 0.90% for B4NQ.DE.
B4NQ.DE tracks LME Copper Futures, while ISTM tracks ICE Strategic Re-Industrialization Metals Index. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.90% for B4NQ.DE and 0.49% for ISTM.
Find the right allocation for B4NQ.DE and ISTM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer