BNQP.DE vs. ETSZ.DE
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - BNQP.DE is a Metals fund tracking the RICI Enhanced Copper, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, BNQP.DE returned 9.93%/yr vs 9.62%/yr for ETSZ.DE. At a 0.28 correlation, their price movements are largely independent. BNQP.DE charges 1.00%/yr vs 0.20%/yr for ETSZ.DE.
Performance
BNQP.DE vs. ETSZ.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 ETSZ.DE's 7.24% 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*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
BNQP.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
Correlation
The correlation between BNQP.DE and ETSZ.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 | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
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. ETSZ.DE — Risk / Return Rank
BNQP.DE
ETSZ.DE
BNQP.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 1.72 | +3.16 |
| Martin ratioReturn relative to average drawdown | 16.92 | 6.45 | +10.47 |
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 | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.26 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.66 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.52 | +0.14 |
Drawdowns
BNQP.DE vs. ETSZ.DE - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -29.03%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and ETSZ.DE.
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Drawdown Indicators
| BNQP.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -35.51% | +6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -9.39% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.35% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -20.55% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.70% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -5.41% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.51% | -0.02% |
Volatility
BNQP.DE vs. ETSZ.DE - Volatility Comparison
BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a higher volatility of 5.70% compared to BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) at 4.34%. This indicates that BNQP.DE's price experiences larger fluctuations and is considered to be riskier than ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.34% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 10.64% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 12.84% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 14.39% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 15.54% | +3.24% |
BNQP.DE vs. ETSZ.DE - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
BNQP.DE vs. ETSZ.DE - Dividend Comparison
Neither BNQP.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQP.DE and ETSZ.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, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 1.00% for BNQP.DE.
BNQP.DE is categorized as Metals, while ETSZ.DE is Europe Equities. BNQP.DE tracks RICI Enhanced Copper, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 1.00% for BNQP.DE and 0.20% for ETSZ.DE.
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