BCIM vs. BNQV.DE

Last updated Jun 4, 2026

BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds - BCIM tracks the Bloomberg Industrial Metals while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. BCIM charges 0.41%/yr vs 1.00%/yr for BNQV.DE.

Performance

BCIM vs. BNQV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BCIM 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

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNQV.DE

• 1D: 0.86%
• 1M: 7.32%
• YTD: 14.58%
• 6M: 20.99%
• 1Y: 35.50%
• 3Y*: 15.06%
• 5Y*: 8.62%
• 10Y*: —

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

BCIM vs. BNQV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC	14.65%	18.99%	6.16%	-3.24%	0.42%	2.87%

Correlation

The correlation between BCIM and BNQV.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.74

Over the past year, the correlation between BCIM and BNQV.DE has dropped to 0.40 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

BCIM vs. BNQV.DE — Risk / Return Rank

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

BNQV.DE

BNQV.DE Risk / Return Rank: 73
BNQV.DE Sharpe Ratio Rank: 68
BNQV.DE Sortino Ratio Rank: 69
BNQV.DE Omega Ratio Rank: 68
BNQV.DE Calmar Ratio Rank: 80
BNQV.DE Martin Ratio Rank: 79

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.

BCIM vs. BNQV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCIM	BNQV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.48	—

Drawdowns

Drawdown Indicators

	BCIM	BNQV.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.67%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.67%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-16.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	BCIM	BNQV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.42%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.58%	—

BCIM vs. BNQV.DE - Expense Ratio Comparison

BCIM has a 0.41% expense ratio, which is lower than BNQV.DE's 1.00% expense ratio.

Dividends

BCIM vs. BNQV.DE - Dividend Comparison

BCIM's dividend yield for the trailing twelve months is around 3.77%, while BNQV.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCIM and BNQV.DE in my portfolio?

BCIM and BNQV.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCIM or BNQV.DE?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCIM or BNQV.DE?

BCIM is cheaper with a 0.41% expense ratio, compared with 1.00% for BNQV.DE.

What is the main difference between BCIM and BNQV.DE?

BCIM tracks Bloomberg Industrial Metals, while BNQV.DE tracks RICI Enhanced Industrial Metals. They also come from different issuers: Aberdeen and BNP Paribas. Their fees differ too: 0.41% for BCIM and 1.00% for BNQV.DE.