BNQP.DE vs. ESEE.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both exchange-traded funds - BNQP.DE is a Metals fund tracking the RICI Enhanced Copper, while ESEE.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 14.69%/yr for ESEE.DE. At a 0.28 correlation, their price movements are largely independent. BNQP.DE charges 1.00%/yr vs 0.15%/yr for ESEE.DE.
Performance
BNQP.DE vs. ESEE.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 ESEE.DE's 11.27% 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*
- —
ESEE.DE
- 1D
- -0.16%
- 1M
- 5.21%
- YTD
- 11.27%
- 6M
- 11.25%
- 1Y
- 25.34%
- 3Y*
- 18.69%
- 5Y*
- 14.69%
- 10Y*
- 15.09%
BNQP.DE vs. ESEE.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% |
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 11.27% | 4.37% | 32.16% | 22.65% | -14.21% | 40.85% | 7.14% | 34.97% | -0.85% | 7.07% |
Correlation
The correlation between BNQP.DE and ESEE.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016 | 0.28 |
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Return for Risk
BNQP.DE vs. ESEE.DE — Risk / Return Rank
BNQP.DE
ESEE.DE
BNQP.DE vs. ESEE.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 S&P 500 UCITS ETF EUR (ESEE.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 | ESEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.51 | +1.36 |
| Martin ratioReturn relative to average drawdown | 16.92 | 12.48 | +4.44 |
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 | ESEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.17 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.96 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.95 | -0.30 |
Drawdowns
BNQP.DE vs. ESEE.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum ESEE.DE drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and ESEE.DE.
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Drawdown Indicators
| BNQP.DE | ESEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -33.58% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -7.18% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -23.46% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -23.46% | -1.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.45% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -4.12% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.03% | +0.46% |
Volatility
BNQP.DE vs. ESEE.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) at 2.65%. This indicates that BNQP.DE's price experiences larger fluctuations and is considered to be riskier than ESEE.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 | ESEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 2.65% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 7.60% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 11.61% | +7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 15.20% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 16.09% | +2.69% |
BNQP.DE vs. ESEE.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than ESEE.DE's 0.15% expense ratio.
Dividends
BNQP.DE vs. ESEE.DE - Dividend Comparison
Neither BNQP.DE nor ESEE.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and ESEE.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESEE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEE.DE is cheaper with a 0.15% expense ratio, compared with 1.00% for BNQP.DE.
BNQP.DE is categorized as Metals, while ESEE.DE is S&P 500. BNQP.DE tracks RICI Enhanced Copper, while ESEE.DE tracks S&P 500 Index. Their fees differ too: 1.00% for BNQP.DE and 0.15% for ESEE.DE.
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