BNQV.DE vs. 0GZB.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and 0GZB.DE (BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC) are both Metals funds from BNP Paribas - BNQV.DE tracks the RICI Enhanced Industrial Metals while 0GZB.DE tracks the RICI Enhanced Copper (EUR Hedged). Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 6.77%/yr for 0GZB.DE. A 0.71 correlation means they provide meaningful diversification when combined. BNQV.DE charges 1.00%/yr vs 1.20%/yr for 0GZB.DE.
Performance
BNQV.DE vs. 0GZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BNQV.DE achieves a 13.96% return, which is significantly higher than 0GZB.DE's 10.76% return.
BNQV.DE
- 1D
- -0.40%
- 1M
- 4.56%
- YTD
- 13.96%
- 6M
- 17.81%
- 1Y
- 30.74%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
0GZB.DE
- 1D
- 0.84%
- 1M
- 3.24%
- YTD
- 10.76%
- 6M
- 20.27%
- 1Y
- 40.22%
- 3Y*
- 18.68%
- 5Y*
- 6.77%
- 10Y*
- —
BNQV.DE vs. 0GZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 36.61% | 2.31% | 2.56% |
0GZB.DE BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC | 10.76% | 33.47% | 8.38% | 3.72% | -11.58% | 20.19% | 21.59% | 6.66% |
Correlation
The correlation between BNQV.DE and 0GZB.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.71 |
The correlation between BNQV.DE and 0GZB.DE has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
BNQV.DE vs. 0GZB.DE — Risk / Return Rank
BNQV.DE
0GZB.DE
BNQV.DE vs. 0GZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) and BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.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.
| BNQV.DE | 0GZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 3.60 | +0.43 |
| Martin ratioReturn relative to average drawdown | 14.99 | 12.08 | +2.91 |
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
| BNQV.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.10 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.33 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.63 | -0.19 |
Drawdowns
BNQV.DE vs. 0GZB.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, which is greater than 0GZB.DE's maximum drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and 0GZB.DE.
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Drawdown Indicators
| BNQV.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -31.84% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -11.71% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -17.85% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -31.84% | -1.78% |
Current DrawdownCurrent decline from peak | -5.83% | -2.20% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -10.14% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.50% | -1.45% |
Volatility
BNQV.DE vs. 0GZB.DE - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) is 4.28%, while BNPP RICI Enhanced Kupfer (ER) EUR Hedge ETC (0GZB.DE) has a volatility of 6.38%. This indicates that BNQV.DE experiences smaller price fluctuations and is considered to be less risky than 0GZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNQV.DE | 0GZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 6.38% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 16.81% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 20.06% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 20.55% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 20.49% | -3.68% |
BNQV.DE vs. 0GZB.DE - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is lower than 0GZB.DE's 1.20% expense ratio.
Dividends
BNQV.DE vs. 0GZB.DE - Dividend Comparison
Neither BNQV.DE nor 0GZB.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and 0GZB.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNQV.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNQV.DE is cheaper with a 1.00% expense ratio, compared with 1.20% for 0GZB.DE.
BNQV.DE tracks RICI Enhanced Industrial Metals, while 0GZB.DE tracks RICI Enhanced Copper (EUR Hedged). Their fees differ too: 1.00% for BNQV.DE and 1.20% for 0GZB.DE.
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