BNQV.DE vs. AIGI.L

Last updated Jun 5, 2026

BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and AIGI.L (WisdomTree Industrial Metals) are both Metals funds - BNQV.DE tracks the RICI Enhanced Industrial Metals while AIGI.L tracks the Bloomberg Industrial Metals. Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 6.81%/yr for AIGI.L. Their correlation of 0.85 suggests significant overlap in exposure. BNQV.DE charges 1.00%/yr vs 0.49%/yr for AIGI.L.

Performance

BNQV.DE vs. AIGI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) and WisdomTree Industrial Metals (AIGI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BNQV.DE is traded in EUR, while AIGI.L is traded in USD. To make them comparable, the AIGI.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, BNQV.DE achieves a 13.96% return, which is significantly lower than AIGI.L's 17.15% 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*: —

AIGI.L

• 1D: -0.53%
• 1M: 5.30%
• YTD: 17.15%
• 6M: 21.16%
• 1Y: 29.85%
• 3Y*: 10.32%
• 5Y*: 6.81%
• 10Y*: 8.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNQV.DE vs. AIGI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC	13.96%	5.40%	12.60%	-6.20%	6.27%	36.61%	2.31%	4.93%	-11.45%	13.30%
AIGI.L WisdomTree Industrial Metals	17.15%	5.26%	9.87%	-14.43%	3.11%	38.29%	4.89%	8.69%	-15.66%	10.99%

Correlation

The correlation between BNQV.DE and AIGI.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016	0.85

The correlation between BNQV.DE and AIGI.L has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

BNQV.DE vs. AIGI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNQV.DE

BNQV.DE Risk / Return Rank: 71
BNQV.DE Sharpe Ratio Rank: 65
BNQV.DE Sortino Ratio Rank: 67
BNQV.DE Omega Ratio Rank: 66
BNQV.DE Calmar Ratio Rank: 80
BNQV.DE Martin Ratio Rank: 79

AIGI.L

AIGI.L Risk / Return Rank: 47
AIGI.L Sharpe Ratio Rank: 49
AIGI.L Sortino Ratio Rank: 42
AIGI.L Omega Ratio Rank: 52
AIGI.L Calmar Ratio Rank: 53
AIGI.L Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNQV.DE vs. AIGI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) and WisdomTree Industrial Metals (AIGI.L). 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	AIGI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.57	+0.57
Sortino ratio: Return per unit of downside risk	3.01	2.00	+1.02
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	4.03	2.70	+1.33
Martin ratio: Return relative to average drawdown	14.99	6.50	+8.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNQV.DE vs. AIGI.L - Sharpe Ratio Comparison

The current BNQV.DE Sharpe Ratio is 2.13, which is higher than the AIGI.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of BNQV.DE and AIGI.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNQV.DE	AIGI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.57	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.32	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.02	+0.41

Drawdowns

BNQV.DE vs. AIGI.L - Drawdown Comparison

The maximum BNQV.DE drawdown since its inception was -33.62%, smaller than the maximum AIGI.L drawdown of -60.60%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and AIGI.L.

Drawdown Indicators

	BNQV.DE	AIGI.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-60.60%	+26.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-11.31%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-21.41%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-33.62%	-41.62%	+8.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.62%	—
Current Drawdown Current decline from peak	-5.83%	-17.06%	+11.23%
Average Drawdown Average peak-to-trough decline	-15.64%	-32.95%	+17.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	4.70%	-2.65%

Volatility

BNQV.DE vs. AIGI.L - Volatility Comparison

The current volatility for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) is 4.28%, while WisdomTree Industrial Metals (AIGI.L) has a volatility of 5.26%. This indicates that BNQV.DE experiences smaller price fluctuations and is considered to be less risky than AIGI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNQV.DE	AIGI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	5.26%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	13.71%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	19.53%	-5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	21.41%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	19.16%	-2.35%

BNQV.DE vs. AIGI.L - Expense Ratio Comparison

BNQV.DE has a 1.00% expense ratio, which is higher than AIGI.L's 0.49% expense ratio.

Dividends

BNQV.DE vs. AIGI.L - Dividend Comparison

Neither BNQV.DE nor AIGI.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNQV.DE and AIGI.L in my portfolio?

BNQV.DE and AIGI.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNQV.DE or AIGI.L?

On fees, AIGI.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNQV.DE or AIGI.L?

AIGI.L is cheaper with a 0.49% expense ratio, compared with 1.00% for BNQV.DE.

What is the main difference between BNQV.DE and AIGI.L?

BNQV.DE tracks RICI Enhanced Industrial Metals, while AIGI.L tracks Bloomberg Industrial Metals. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 1.00% for BNQV.DE and 0.49% for AIGI.L.