BNQL.DE vs. SLVR.DE
BNQL.DE (BNP Paribas Palladium ETC) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, BNQL.DE returned -5.67%/yr vs 45.36%/yr for SLVR.DE. At a 0.44 correlation, their price movements are largely independent. BNQL.DE charges 0.99%/yr vs 0.49%/yr for SLVR.DE.
Performance
BNQL.DE vs. SLVR.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 SLVR.DE's 1.99% 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*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
BNQL.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -14.61% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between BNQL.DE and SLVR.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.44 |
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Return for Risk
BNQL.DE vs. SLVR.DE — Risk / Return Rank
BNQL.DE
SLVR.DE
BNQL.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Palladium ETC (BNQL.DE) and WisdomTree Silver (SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 3.06 | -2.28 |
| Martin ratioReturn relative to average drawdown | 1.68 | 7.37 | -5.69 |
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 | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.85 | -1.22 |
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. SLVR.DE - Drawdown Comparison
The maximum BNQL.DE drawdown since its inception was -73.80%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for BNQL.DE and SLVR.DE.
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Drawdown Indicators
| BNQL.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -31.33% | -42.47% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -30.51% | -6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -43.58% | -30.51% | -13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -73.80% | — | — |
Current DrawdownCurrent decline from peak | -61.09% | -24.02% | -37.07% |
Average DrawdownAverage peak-to-trough decline | -32.15% | -12.66% | -19.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 12.69% | +4.61% |
Volatility
BNQL.DE vs. SLVR.DE - Volatility Comparison
The current volatility for BNP Paribas Palladium ETC (BNQL.DE) is 10.31%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that BNQL.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 17.06% | -6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 41.25% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 50.34% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.30% | 38.29% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 38.29% | +2.48% |
BNQL.DE vs. SLVR.DE - Expense Ratio Comparison
BNQL.DE has a 0.99% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
BNQL.DE vs. SLVR.DE - Dividend Comparison
Neither BNQL.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQL.DE and SLVR.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.99% for BNQL.DE.
BNQL.DE is categorized as Precious Metals, while SLVR.DE is Silver. BNQL.DE tracks Palladium Spot Price, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 0.99% for BNQL.DE and 0.49% for SLVR.DE.
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