BNQL.DE vs. EMEC.DE
BNQL.DE (BNP Paribas Palladium ETC) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs 9.49%/yr for EMEC.DE. At a 0.23 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.30%/yr for EMEC.DE.
Performance
BNQL.DE vs. EMEC.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 EMEC.DE's 10.95% 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*
- —
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
BNQL.DE vs. EMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -10.11% | 10.43% | 41.87% |
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 BNQL.DE and EMEC.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.23 |
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. EMEC.DE — Risk / Return Rank
BNQL.DE
EMEC.DE
BNQL.DE vs. EMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.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.
| BNQL.DE | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.64 | -1.87 |
| Martin ratioReturn relative to average drawdown | 1.68 | 9.05 | -7.38 |
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 | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.73 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.67 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.82 | -0.71 |
Drawdowns
BNQL.DE vs. EMEC.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than EMEC.DE's maximum drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and EMEC.DE.
Loading charts...
Drawdown Indicators
| BNQL.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -30.18% | -43.62% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -7.95% | -29.33% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -20.78% | -22.80% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | -20.78% | -53.02% |
Current DrawdownCurrent decline from peak | -61.09% | -0.24% | -60.85% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -5.05% | -27.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 2.32% | +14.98% |
Volatility
BNQL.DE vs. EMEC.DE - Volatility Comparison
BNP Paribas Palladium ETC (BNQL.DE) has a higher volatility of 10.31% compared to BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) at 3.47%. This indicates that BNQL.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.
Loading charts...
Volatility by Period
| BNQL.DE | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 3.47% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 8.86% | +28.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 12.15% | +33.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 14.05% | +31.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 16.00% | +24.77% |
BNQL.DE vs. EMEC.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than EMEC.DE's 0.30% expense ratio.
Dividends
BNQL.DE vs. EMEC.DE - Dividend Comparison
Neither BNQL.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and EMEC.DE have a correlation of 0.18, 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 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while EMEC.DE is Global Equities. BNQL.DE tracks Palladium Spot Price, while EMEC.DE tracks ECPI Circular Economy Leaders Equity. Their fees differ too: 0.99% for BNQL.DE and 0.30% for EMEC.DE.
Find the right allocation for BNQL.DE and EMEC.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