BNQL.DE vs. G2XJ.DE

Last updated Jun 5, 2026

BNQL.DE (BNP Paribas Palladium ETC) and G2XJ.DE (VanEck Junior Gold Miners UCITS) are both Precious Metals funds - BNQL.DE tracks the Palladium Spot Price while G2XJ.DE tracks the MVIS Global Junior Gold Miners. Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs 18.76%/yr for G2XJ.DE. At a 0.37 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.55%/yr for G2XJ.DE.

Performance

BNQL.DE vs. G2XJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Palladium ETC (BNQL.DE) and VanEck Junior Gold Miners UCITS (G2XJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNQL.DE achieves a -17.76% return, which is significantly lower than G2XJ.DE's -3.74% 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*: —

G2XJ.DE

• 1D: 0.42%
• 1M: -7.94%
• YTD: -3.74%
• 6M: 7.08%
• 1Y: 60.21%
• 3Y*: 42.43%
• 5Y*: 18.76%
• 10Y*: 12.60%

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

BNQL.DE vs. G2XJ.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%	38.20%
G2XJ.DE VanEck Junior Gold Miners UCITS	-3.74%	149.58%	21.45%	3.64%	-6.09%	-15.55%	18.76%	43.18%	-8.98%	-10.97%

Correlation

The correlation between BNQL.DE and G2XJ.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 12, 2016	0.37

Return for Risk

BNQL.DE vs. G2XJ.DE — Risk / Return Rank

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

BNQL.DE

BNQL.DE Risk / Return Rank: 20
BNQL.DE Sharpe Ratio Rank: 19
BNQL.DE Sortino Ratio Rank: 22
BNQL.DE Omega Ratio Rank: 22
BNQL.DE Calmar Ratio Rank: 19
BNQL.DE Martin Ratio Rank: 17

G2XJ.DE

G2XJ.DE Risk / Return Rank: 37
G2XJ.DE Sharpe Ratio Rank: 38
G2XJ.DE Sortino Ratio Rank: 35
G2XJ.DE Omega Ratio Rank: 36
G2XJ.DE Calmar Ratio Rank: 43
G2XJ.DE Martin Ratio Rank: 34

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.

BNQL.DE vs. G2XJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.DE) and VanEck Junior Gold Miners UCITS (G2XJ.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	G2XJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.33	-0.69
Sortino ratio: Return per unit of downside risk	1.14	1.82	-0.68
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	0.78	2.11	-1.33
Martin ratio: Return relative to average drawdown	1.68	5.07	-3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNQL.DE vs. G2XJ.DE - Sharpe Ratio Comparison

The current BNQL.DE Sharpe Ratio is 0.63, which is lower than the G2XJ.DE Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BNQL.DE and G2XJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNQL.DE	G2XJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	1.33	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.50	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.39	-0.28

Drawdowns

BNQL.DE vs. G2XJ.DE - Drawdown Comparison

The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than G2XJ.DE's maximum drawdown of -49.96%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and G2XJ.DE.

Drawdown Indicators

	BNQL.DE	G2XJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-73.80%	-49.96%	-23.84%
Max Drawdown (1Y) Largest decline over 1 year	-37.28%	-29.24%	-8.04%
Max Drawdown (3Y) Largest decline over 3 years	-43.58%	-29.24%	-14.34%
Max Drawdown (5Y) Largest decline over 5 years	-73.80%	-40.82%	-32.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.96%	—
Current Drawdown Current decline from peak	-61.09%	-25.97%	-35.12%
Average Drawdown Average peak-to-trough decline	-32.15%	-25.26%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.30%	12.16%	+5.14%

Volatility

BNQL.DE vs. G2XJ.DE - Volatility Comparison

The current volatility for BNP Paribas Palladium ETC (BNQL.DE) is 10.31%, while VanEck Junior Gold Miners UCITS (G2XJ.DE) has a volatility of 15.07%. This indicates that BNQL.DE experiences smaller price fluctuations and is considered to be less risky than G2XJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNQL.DE	G2XJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	15.07%	-4.76%
Volatility (6M) Calculated over the trailing 6-month period	37.75%	38.04%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	45.71%	46.48%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.30%	36.98%	+8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.77%	37.69%	+3.08%

BNQL.DE vs. G2XJ.DE - Expense Ratio Comparison

BNQL.DE has a 0.99% expense ratio, which is higher than G2XJ.DE's 0.55% expense ratio.

Dividends

BNQL.DE vs. G2XJ.DE - Dividend Comparison

Neither BNQL.DE nor G2XJ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNQL.DE and G2XJ.DE in my portfolio?

BNQL.DE and G2XJ.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNQL.DE or G2XJ.DE?

On fees, G2XJ.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNQL.DE or G2XJ.DE?

G2XJ.DE is cheaper with a 0.55% expense ratio, compared with 0.99% for BNQL.DE.

What is the main difference between BNQL.DE and G2XJ.DE?

BNQL.DE tracks Palladium Spot Price, while G2XJ.DE tracks MVIS Global Junior Gold Miners. They also come from different issuers: BNP Paribas and VanEck. Their fees differ too: 0.99% for BNQL.DE and 0.55% for G2XJ.DE.