BNQV.DE vs. 0GZD.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds from BNP Paribas - BNQV.DE tracks the RICI Enhanced Industrial Metals while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 5.74%/yr for 0GZD.DE. Their correlation of 0.88 suggests significant overlap in exposure. BNQV.DE charges 1.00%/yr vs 1.20%/yr for 0GZD.DE.
Performance
BNQV.DE vs. 0GZD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNQV.DE achieves a 13.96% return, which is significantly higher than 0GZD.DE's 11.84% return.
BNQV.DE
- 1D
- -0.40%
- 1M
- 4.63%
- YTD
- 13.96%
- 6M
- 17.14%
- 1Y
- 30.50%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
0GZD.DE
- 1D
- -0.26%
- 1M
- 3.36%
- YTD
- 11.84%
- 6M
- 15.44%
- 1Y
- 30.27%
- 3Y*
- 12.45%
- 5Y*
- 5.74%
- 10Y*
- —
BNQV.DE vs. 0GZD.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% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.84% | 16.30% | 4.70% | -4.91% | -2.95% | 24.31% | 11.15% | 1.38% |
Correlation
The correlation between BNQV.DE and 0GZD.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.88 |
The correlation between BNQV.DE and 0GZD.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNQV.DE vs. 0GZD.DE — Risk / Return Rank
BNQV.DE
0GZD.DE
BNQV.DE vs. 0GZD.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 Industriemetalle (ER) EUR Hedge ETC (0GZD.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 | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 3.25 | +0.78 |
| Martin ratioReturn relative to average drawdown | 14.99 | 12.05 | +2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BNQV.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.04 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.30 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.04 |
Drawdowns
BNQV.DE vs. 0GZD.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, smaller than the maximum 0GZD.DE drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and 0GZD.DE.
Loading charts...
Drawdown Indicators
| BNQV.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -39.86% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -9.42% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -17.15% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -39.86% | +6.24% |
Current DrawdownCurrent decline from peak | -5.83% | -8.92% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -19.47% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.54% | -0.49% |
Volatility
BNQV.DE vs. 0GZD.DE - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) is 4.28%, while BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) has a volatility of 4.69%. This indicates that BNQV.DE experiences smaller price fluctuations and is considered to be less risky than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNQV.DE | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.69% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 12.59% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.00% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 19.20% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.11% | -1.30% |
BNQV.DE vs. 0GZD.DE - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
BNQV.DE vs. 0GZD.DE - Dividend Comparison
Neither BNQV.DE nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and 0GZD.DE have a correlation of 0.85, 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 0GZD.DE.
BNQV.DE tracks RICI Enhanced Industrial Metals, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). Their fees differ too: 1.00% for BNQV.DE and 1.20% for 0GZD.DE.
Find the right allocation for BNQV.DE and 0GZD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer