BNQL.DE vs. 8PSB.DE
BNQL.DE (BNP Paribas Palladium ETC) and 8PSB.DE (Invesco Physical Silver ETC) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while 8PSB.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, BNQL.DE returned -5.67%/yr vs 42.18%/yr for 8PSB.DE. At a 0.45 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.19%/yr for 8PSB.DE.
Performance
BNQL.DE vs. 8PSB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNQL.DE achieves a -17.76% return, which is significantly lower than 8PSB.DE's -2.37% return.
BNQL.DE
- 1D
- -1.06%
- 1M
- -11.56%
- YTD
- -17.76%
- 6M
- -8.41%
- 1Y
- 29.07%
- 3Y*
- -5.67%
- 5Y*
- -14.19%
- 10Y*
- —
8PSB.DE
- 1D
- 0.37%
- 1M
- 1.00%
- YTD
- -2.37%
- 6M
- 29.53%
- 1Y
- 110.49%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
BNQL.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -21.72% |
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 10.64% | -7.65% |
Correlation
The correlation between BNQL.DE and 8PSB.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.45 |
The correlation between BNQL.DE and 8PSB.DE shifts across timeframes, from 0.45 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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
BNQL.DE vs. 8PSB.DE — Risk / Return Rank
BNQL.DE
8PSB.DE
BNQL.DE vs. 8PSB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.DE) and Invesco Physical Silver ETC (8PSB.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.
| BNQL.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.85 | -2.07 |
| Martin ratioReturn relative to average drawdown | 1.68 | 6.09 | -4.42 |
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
| BNQL.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.89 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.68 | -0.57 |
Drawdowns
BNQL.DE vs. 8PSB.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than 8PSB.DE's maximum drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and 8PSB.DE.
Loading charts...
Drawdown Indicators
| BNQL.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -38.62% | -35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -38.62% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -38.62% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | — | — |
Current DrawdownCurrent decline from peak | -61.09% | -33.51% | -27.58% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -11.18% | -20.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 18.07% | -0.77% |
Volatility
BNQL.DE vs. 8PSB.DE - Volatility Comparison
The current volatility for BNP Paribas Palladium ETC (BNQL.DE) is 10.31%, while Invesco Physical Silver ETC (8PSB.DE) has a volatility of 16.36%. This indicates that BNQL.DE experiences smaller price fluctuations and is considered to be less risky than 8PSB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNQL.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 16.36% | -6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 51.95% | -14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 58.17% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 34.63% | +10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 34.63% | +6.14% |
BNQL.DE vs. 8PSB.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
BNQL.DE vs. 8PSB.DE - Dividend Comparison
Neither BNQL.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and 8PSB.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while 8PSB.DE is Silver. BNQL.DE tracks Palladium Spot Price, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.99% for BNQL.DE and 0.19% for 8PSB.DE.
Find the right allocation for BNQL.DE and 8PSB.DE
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