BNQP.DE vs. BNQV.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds from BNP Paribas - BNQP.DE tracks the RICI Enhanced Copper while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 8.91%/yr for BNQV.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 1.00% expense ratio.
Performance
BNQP.DE vs. BNQV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNQP.DE achieves a 12.82% return, which is significantly lower than BNQV.DE's 13.96% 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*
- —
BNQV.DE
- 1D
- -0.40%
- 1M
- 4.56%
- YTD
- 13.96%
- 6M
- 17.81%
- 1Y
- 30.74%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
BNQP.DE vs. BNQV.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% | 16.95% |
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 36.61% | 2.31% | 4.93% | -11.45% | 13.30% |
Correlation
The correlation between BNQP.DE and BNQV.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.81 |
The correlation between BNQP.DE and BNQV.DE has been stable across timeframes, ranging from 0.77 to 0.81 - 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. BNQV.DE — Risk / Return Rank
BNQP.DE
BNQV.DE
BNQP.DE vs. BNQV.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 (TR) ETC (BNQV.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 | BNQV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 4.03 | +0.84 |
| Martin ratioReturn relative to average drawdown | 16.92 | 14.99 | +1.93 |
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 | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.13 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.48 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.43 | +0.22 |
Drawdowns
BNQP.DE vs. BNQV.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum BNQV.DE drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and BNQV.DE.
Loading charts...
Drawdown Indicators
| BNQP.DE | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -33.62% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -7.60% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -17.34% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -33.62% | +8.48% |
Current DrawdownCurrent decline from peak | -1.26% | -5.83% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -15.64% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.05% | +0.44% |
Volatility
BNQP.DE vs. BNQV.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.28%. This indicates that BNQP.DE's price experiences larger fluctuations and is considered to be riskier than BNQV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNQP.DE | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.28% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 12.25% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 14.37% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 18.41% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 16.81% | +1.97% |
BNQP.DE vs. BNQV.DE - Expense Ratio Comparison
Both BNQP.DE and BNQV.DE have an expense ratio of 1.00%.
Dividends
BNQP.DE vs. BNQV.DE - Dividend Comparison
Neither BNQP.DE nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and BNQV.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BNQP.DE and BNQV.DE have the same expense ratio: 1.00% per year.
BNQP.DE tracks RICI Enhanced Copper, while BNQV.DE tracks RICI Enhanced Industrial Metals.
Find the right allocation for BNQP.DE and BNQV.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