BNQP.DE vs. B4NB.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and B4NB.DE (BNPP RICI Enhanced Kupfer (TR) ETC USD) are both Metals funds from BNP Paribas tracking the RICI Enhanced Copper. Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 8.94%/yr for B4NB.DE. Their correlation of 0.91 suggests significant overlap in exposure. BNQP.DE charges 1.00%/yr vs 0.99%/yr for B4NB.DE.
Performance
BNQP.DE vs. B4NB.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BNQP.DE having a 12.82% return and B4NB.DE slightly lower at 12.31%.
BNQP.DE
- 1D
- 0.72%
- 1M
- 6.09%
- YTD
- 12.82%
- 6M
- 23.25%
- 1Y
- 42.24%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 10Y*
- —
B4NB.DE
- 1D
- 0.86%
- 1M
- 5.31%
- YTD
- 12.31%
- 6M
- 23.35%
- 1Y
- 44.74%
- 3Y*
- 20.76%
- 5Y*
- 8.94%
- 10Y*
- —
BNQP.DE vs. B4NB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 12.82% | 20.92% | 16.44% | 2.18% | -3.18% | 31.64% | 12.34% | 7.41% | -13.56% | 20.48% |
B4NB.DE BNPP RICI Enhanced Kupfer (TR) ETC USD | 12.31% | 35.19% | 9.85% | 6.07% | -8.69% | 21.42% | 23.18% | 4.91% | -17.09% | 29.48% |
Correlation
The correlation between BNQP.DE and B4NB.DE is 0.91, 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 | 0.91 |
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 May 19, 2017 | 0.91 |
The correlation between BNQP.DE and B4NB.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNQP.DE vs. B4NB.DE — Risk / Return Rank
BNQP.DE
B4NB.DE
BNQP.DE vs. B4NB.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 (TR) ETC USD (B4NB.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 | B4NB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.98 | +0.89 |
| Martin ratioReturn relative to average drawdown | 16.92 | 13.73 | +3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BNQP.DE | B4NB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.26 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.43 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.60 | +0.05 |
Drawdowns
BNQP.DE vs. B4NB.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum B4NB.DE drawdown of -35.46%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and B4NB.DE.
Loading charts...
Drawdown Indicators
| BNQP.DE | B4NB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -35.46% | +6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -11.18% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.40% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -31.07% | +5.93% |
Current DrawdownCurrent decline from peak | -1.26% | -2.07% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -10.79% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.25% | -0.76% |
Volatility
BNQP.DE vs. B4NB.DE - Volatility Comparison
The current volatility for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) is 5.70%, while BNPP RICI Enhanced Kupfer (TR) ETC USD (B4NB.DE) has a volatility of 6.28%. This indicates that BNQP.DE experiences smaller price fluctuations and is considered to be less risky than B4NB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNQP.DE | B4NB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 6.28% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 16.26% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 19.68% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 20.44% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 19.54% | -0.76% |
BNQP.DE vs. B4NB.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than B4NB.DE's 0.99% expense ratio.
Dividends
BNQP.DE vs. B4NB.DE - Dividend Comparison
Neither BNQP.DE nor B4NB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, BNQP.DE and B4NB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, B4NB.DE is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
B4NB.DE is cheaper with a 0.99% expense ratio, compared with 1.00% for BNQP.DE.
Both ETFs track RICI Enhanced Copper. Their fees differ too: 1.00% for BNQP.DE and 0.99% for B4NB.DE.
Find the right allocation for BNQP.DE and B4NB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer