BNQP.DE vs. 0GZD.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds from BNP Paribas - BNQP.DE tracks the RICI Enhanced Copper while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 5.74%/yr for 0GZD.DE. A 0.75 correlation means they provide meaningful diversification when combined. BNQP.DE charges 1.00%/yr vs 1.20%/yr for 0GZD.DE.
Performance
BNQP.DE vs. 0GZD.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 0GZD.DE's 11.84% 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*
- —
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.67%
- YTD
- 11.84%
- 6M
- 16.56%
- 1Y
- 30.72%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
BNQP.DE vs. 0GZD.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% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
Correlation
The correlation between BNQP.DE and 0GZD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.75 |
The correlation between BNQP.DE and 0GZD.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
BNQP.DE vs. 0GZD.DE — Risk / Return Rank
BNQP.DE
0GZD.DE
BNQP.DE vs. 0GZD.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 Industriemetalle (ER) EUR Hedge ETC (0GZD.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 | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.25 | +1.63 |
| Martin ratioReturn relative to average drawdown | 16.92 | 12.05 | +4.87 |
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 | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.04 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.30 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.48 | +0.18 |
Drawdowns
BNQP.DE vs. 0GZD.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum 0GZD.DE drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and 0GZD.DE.
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Drawdown Indicators
| BNQP.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -39.86% | +10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -9.42% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -17.15% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -39.86% | +14.72% |
Current DrawdownCurrent decline from peak | -1.26% | -8.92% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -19.47% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.54% | -0.05% |
Volatility
BNQP.DE vs. 0GZD.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) at 4.69%. This indicates that BNQP.DE's price experiences larger fluctuations and is considered to be riskier than 0GZD.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 | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.69% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 12.59% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 15.00% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 19.20% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 18.11% | +0.67% |
BNQP.DE vs. 0GZD.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
BNQP.DE vs. 0GZD.DE - Dividend Comparison
Neither BNQP.DE nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and 0GZD.DE have a correlation of 0.78, 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 0GZD.DE.
BNQP.DE tracks RICI Enhanced Copper, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). Their fees differ too: 1.00% for BNQP.DE and 1.20% for 0GZD.DE.
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