BNQP.DE vs. EMEC.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) are both exchange-traded funds - BNQP.DE is a Metals fund tracking the RICI Enhanced Copper, while EMEC.DE is a Global Equities fund tracking the ECPI Circular Economy Leaders Equity. Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 9.49%/yr for EMEC.DE. At a 0.26 correlation, their price movements are largely independent. BNQP.DE charges 1.00%/yr vs 0.30%/yr for EMEC.DE.
Performance
BNQP.DE vs. EMEC.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 EMEC.DE's 10.95% 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*
- —
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
BNQP.DE vs. EMEC.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% | 5.96% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
Correlation
The correlation between BNQP.DE and EMEC.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.26 |
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Return for Risk
BNQP.DE vs. EMEC.DE — Risk / Return Rank
BNQP.DE
EMEC.DE
BNQP.DE vs. EMEC.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 BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.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 | EMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.64 | +2.23 |
| Martin ratioReturn relative to average drawdown | 16.92 | 9.05 | +7.87 |
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 | EMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.73 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.67 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.82 | -0.16 |
Drawdowns
BNQP.DE vs. EMEC.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, roughly equal to the maximum EMEC.DE drawdown of -30.18%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and EMEC.DE.
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Drawdown Indicators
| BNQP.DE | EMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -30.18% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -7.95% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -20.78% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -20.78% | -4.36% |
Current DrawdownCurrent decline from peak | -1.26% | -0.24% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -5.05% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.32% | +0.17% |
Volatility
BNQP.DE vs. EMEC.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) at 3.47%. This indicates that BNQP.DE's price experiences larger fluctuations and is considered to be riskier than EMEC.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 | EMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 3.47% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 8.86% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 12.15% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 14.05% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 16.00% | +2.78% |
BNQP.DE vs. EMEC.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than EMEC.DE's 0.30% expense ratio.
Dividends
BNQP.DE vs. EMEC.DE - Dividend Comparison
Neither BNQP.DE nor EMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and EMEC.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMEC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE is cheaper with a 0.30% expense ratio, compared with 1.00% for BNQP.DE.
BNQP.DE is categorized as Metals, while EMEC.DE is Global Equities. BNQP.DE tracks RICI Enhanced Copper, while EMEC.DE tracks ECPI Circular Economy Leaders Equity. Their fees differ too: 1.00% for BNQP.DE and 0.30% for EMEC.DE.
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