BNQL.DE vs. EMWE.DE
BNQL.DE (BNP Paribas Palladium ETC) and EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while EMWE.DE is a Global Equities fund tracking the MSCI World SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs 8.57%/yr for EMWE.DE. At a 0.21 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.25%/yr for EMWE.DE.
Performance
BNQL.DE vs. EMWE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNQL.DE achieves a -17.76% return, which is significantly lower than EMWE.DE's 9.24% 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*
- —
EMWE.DE
- 1D
- 0.48%
- 1M
- 5.73%
- YTD
- 9.24%
- 6M
- 10.02%
- 1Y
- 14.00%
- 3Y*
- 10.15%
- 5Y*
- 8.57%
- 10Y*
- —
BNQL.DE vs. EMWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -10.11% | 10.43% | 53.40% | 21.86% | 17.45% |
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 9.24% | 0.19% | 15.43% | 14.90% | -16.11% | 38.30% | 11.27% | 31.39% | -5.44% | 4.98% |
Correlation
The correlation between BNQL.DE and EMWE.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.21 |
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Return for Risk
BNQL.DE vs. EMWE.DE — Risk / Return Rank
BNQL.DE
EMWE.DE
BNQL.DE vs. EMWE.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 MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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 | EMWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.69 | -0.91 |
| Martin ratioReturn relative to average drawdown | 1.68 | 6.10 | -4.43 |
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
| BNQL.DE | EMWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.19 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.59 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.70 | -0.59 |
Drawdowns
BNQL.DE vs. EMWE.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than EMWE.DE's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and EMWE.DE.
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Drawdown Indicators
| BNQL.DE | EMWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -31.05% | -42.75% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -8.26% | -29.02% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -20.00% | -23.58% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | -20.79% | -53.01% |
Current DrawdownCurrent decline from peak | -61.09% | 0.00% | -61.09% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -5.28% | -26.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 2.29% | +15.01% |
Volatility
BNQL.DE vs. EMWE.DE - Volatility Comparison
BNP Paribas Palladium ETC (BNQL.DE) has a higher volatility of 10.31% compared to BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) at 2.93%. This indicates that BNQL.DE's price experiences larger fluctuations and is considered to be riskier than EMWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNQL.DE | EMWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 2.93% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 8.57% | +29.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 11.74% | +33.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 14.46% | +30.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 15.52% | +25.25% |
BNQL.DE vs. EMWE.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than EMWE.DE's 0.25% expense ratio.
Dividends
BNQL.DE vs. EMWE.DE - Dividend Comparison
Neither BNQL.DE nor EMWE.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and EMWE.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMWE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMWE.DE is cheaper with a 0.25% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while EMWE.DE is Global Equities. BNQL.DE tracks Palladium Spot Price, while EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped. Their fees differ too: 0.99% for BNQL.DE and 0.25% for EMWE.DE.
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