BNQP.DE vs. PICK
BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both Metals funds - BNQP.DE tracks the RICI Enhanced Copper while PICK tracks the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Both are passively managed. Over the past 5 years, BNQP.DE returned 10.35%/yr vs 9.92%/yr for PICK. At a 0.41 correlation, their price movements are largely independent. BNQP.DE charges 1.00%/yr vs 0.39%/yr for PICK.
Performance
BNQP.DE vs. PICK - Performance Comparison
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Different Trading Currencies
BNQP.DE is traded in EUR, while PICK is traded in USD. To make them comparable, the PICK values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNQP.DE achieves a 11.95% return, which is significantly lower than PICK's 14.60% return.
BNQP.DE
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 5.14%
- YTD
- 11.95%
- 1Y
- 42.15%
- 3Y*
- 17.35%
- 5Y*
- 10.35%
- 10Y*
- —
PICK
- 1D
- -1.07%
- 1M
- -10.96%
- 6M
- 5.11%
- YTD
- 14.60%
- 1Y
- 50.21%
- 3Y*
- 13.05%
- 5Y*
- 9.92%
- 10Y*
- 13.92%
BNQP.DE vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 11.95% | 20.92% | 16.44% | 2.18% | -3.18% | 31.64% | 12.40% | 5.30% | -10.42% | 15.04% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 14.60% | 33.87% | -10.85% | 6.40% | 8.90% | 31.78% | 16.95% | 19.10% | -14.83% | 21.41% |
Correlation
The correlation between BNQP.DE and PICK is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.41 |
Over the past year, BNQP.DE and PICK have become more correlated (0.61) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
BNQP.DE vs. PICK — Risk / Return Rank
BNQP.DE
PICK
BNQP.DE vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNQP.DE | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 2.71 | +2.15 |
| Martin ratioReturn relative to average drawdown | 16.38 | 8.82 | +7.56 |
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Drawdowns
BNQP.DE vs. PICK - Drawdown Comparison
The maximum BNQP.DE drawdown since its inception was -25.14%, smaller than the maximum PICK drawdown of -62.66%. Use the drawdown chart below to compare losses from any high point for BNQP.DE and PICK.
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Drawdown Indicators
| BNQP.DE | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -62.66% | +37.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -18.63% | +10.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -33.12% | +15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -34.40% | +9.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.53% | — |
Current DrawdownCurrent decline from peak | -2.02% | -15.49% | +13.47% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -19.01% | +10.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 5.71% | -3.14% |
Volatility
BNQP.DE vs. PICK - Volatility Comparison
The current volatility for BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) is 4.21%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 9.27%. This indicates that BNQP.DE experiences smaller price fluctuations and is considered to be less risky than PICK 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 | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 9.27% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 24.38% | -10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 27.98% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 25.98% | -7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 27.09% | -9.79% |
BNQP.DE vs. PICK - Expense Ratio Comparison
BNQP.DE has a 1.00% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
BNQP.DE vs. PICK - Dividend Comparison
BNQP.DE has not paid dividends to shareholders, while PICK's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.33% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
BNQP.DE and PICK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PICK is cheaper with a 0.39% expense ratio, compared with 1.00% for BNQP.DE.
BNQP.DE tracks RICI Enhanced Copper, while PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 1.00% for BNQP.DE and 0.39% for PICK.
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