BNQL.DE vs. IS0E.DE
BNQL.DE (BNP Paribas Palladium ETC) and IS0E.DE (iShares Gold Producers UCITS ETF) are both Precious Metals funds - BNQL.DE tracks the Palladium Spot Price while IS0E.DE tracks the S&P Commodity Producers Gold. Both are passively managed. Over the past 5 years, BNQL.DE returned -14.19%/yr vs 19.77%/yr for IS0E.DE. At a 0.35 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.55%/yr for IS0E.DE.
Performance
BNQL.DE vs. IS0E.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 IS0E.DE's -0.06% 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*
- —
IS0E.DE
- 1D
- 0.88%
- 1M
- 0.42%
- YTD
- -0.06%
- 6M
- 7.80%
- 1Y
- 59.37%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
BNQL.DE vs. IS0E.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% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
Correlation
The correlation between BNQL.DE and IS0E.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2016 | 0.35 |
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Return for Risk
BNQL.DE vs. IS0E.DE — Risk / Return Rank
BNQL.DE
IS0E.DE
BNQL.DE vs. IS0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.DE) and iShares Gold Producers UCITS ETF (IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.17 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.68 | 5.45 | -3.78 |
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 | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.24 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.58 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.18 | -0.07 |
Drawdowns
BNQL.DE vs. IS0E.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, roughly equal to the maximum IS0E.DE drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and IS0E.DE.
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Drawdown Indicators
| BNQL.DE | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -71.63% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -27.26% | -10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -27.26% | -16.32% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | -38.03% | -35.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.62% | — |
Current DrawdownCurrent decline from peak | -61.09% | -22.93% | -38.16% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -33.74% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 10.85% | +6.45% |
Volatility
BNQL.DE vs. IS0E.DE - Volatility Comparison
The current volatility for BNP Paribas Palladium ETC (BNQL.DE) is 10.31%, while iShares Gold Producers UCITS ETF (IS0E.DE) has a volatility of 12.84%. This indicates that BNQL.DE experiences smaller price fluctuations and is considered to be less risky than IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 12.84% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 33.62% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 47.58% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 33.83% | +11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 32.53% | +8.24% |
BNQL.DE vs. IS0E.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than IS0E.DE's 0.55% expense ratio.
Dividends
BNQL.DE vs. IS0E.DE - Dividend Comparison
Neither BNQL.DE nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and IS0E.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE tracks Palladium Spot Price, while IS0E.DE tracks S&P Commodity Producers Gold. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.99% for BNQL.DE and 0.55% for IS0E.DE.
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