BNQP.DE vs. 0GZB.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and 0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) are both Metals funds from BNP Paribas - BNQP.DE tracks the RICI Enhanced Copper while 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged). Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 6.77%/yr for 0GZB.DE. Their correlation of 0.91 suggests significant overlap in exposure. BNQP.DE charges 1.00%/yr vs 1.20%/yr for 0GZB.DE.
Performance
BNQP.DE vs. 0GZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNQP.DE achieves a 12.82% return, which is significantly higher than 0GZB.DE's 10.76% return.
BNQP.DE
- 1D
- 0.72%
- 1M
- 6.09%
- YTD
- 12.82%
- 6M
- 23.25%
- 1Y
- 42.24%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 10Y*
- —
0GZB.DE
- 1D
- 0.84%
- 1M
- 5.18%
- YTD
- 10.76%
- 6M
- 22.41%
- 1Y
- 42.38%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
BNQP.DE vs. 0GZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 12.82% | 20.92% | 16.44% | 2.18% | -3.18% | 31.64% | 12.34% | 7.93% |
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 20.19% | 21.59% | 6.66% |
Correlation
The correlation between BNQP.DE and 0GZB.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.91 |
The correlation between BNQP.DE and 0GZB.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
BNQP.DE vs. 0GZB.DE — Risk / Return Rank
BNQP.DE
0GZB.DE
BNQP.DE vs. 0GZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.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.
| BNQP.DE | 0GZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.60 | +1.27 |
| Martin ratioReturn relative to average drawdown | 16.92 | 12.08 | +4.84 |
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
| BNQP.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.10 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.33 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.63 | +0.03 |
Drawdowns
BNQP.DE vs. 0GZB.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum 0GZB.DE drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and 0GZB.DE.
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Drawdown Indicators
| BNQP.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -31.84% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -11.71% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -17.85% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -31.84% | +6.70% |
Current DrawdownCurrent decline from peak | -1.26% | -2.20% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -10.14% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.50% | -1.01% |
Volatility
BNQP.DE vs. 0GZB.DE - Volatility Comparison
The current volatility for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) is 5.70%, while BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a volatility of 6.38%. This indicates that BNQP.DE experiences smaller price fluctuations and is considered to be less risky than 0GZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNQP.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 6.38% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 16.81% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 20.06% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 20.55% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 20.49% | -1.71% |
BNQP.DE vs. 0GZB.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is lower than 0GZB.DE's 1.20% expense ratio.
Dividends
BNQP.DE vs. 0GZB.DE - Dividend Comparison
Neither BNQP.DE nor 0GZB.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and 0GZB.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNQP.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNQP.DE is cheaper with a 1.00% expense ratio, compared with 1.20% for 0GZB.DE.
BNQP.DE tracks RICI Enhanced Copper, while 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged). Their fees differ too: 1.00% for BNQP.DE and 1.20% for 0GZB.DE.
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