BNQV.DE vs. AMPS.L
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and AMPS.L (WisdomTree Battery Metals) are both Metals funds - BNQV.DE tracks the RICI Enhanced Industrial Metals while AMPS.L tracks the WisdomTree Battery Metals Commodity. Both are passively managed. Over the past 3 years, BNQV.DE returned 11.33%/yr vs 5.15%/yr for AMPS.L. A 0.78 correlation means they provide meaningful diversification when combined. BNQV.DE charges 1.00%/yr vs 0.45%/yr for AMPS.L.
Performance
BNQV.DE vs. AMPS.L - Performance Comparison
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Different Trading Currencies
BNQV.DE is traded in EUR, while AMPS.L is traded in GBp. To make them comparable, the AMPS.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 AMPS.L's 16.34% 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*
- —
AMPS.L
- 1D
- -0.87%
- 1M
- 4.30%
- YTD
- 16.34%
- 6M
- 21.45%
- 1Y
- 30.00%
- 3Y*
- 5.15%
- 5Y*
- —
- 10Y*
- —
BNQV.DE vs. AMPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | -4.87% |
AMPS.L WisdomTree Battery Metals | 16.35% | 3.42% | 5.58% | -26.57% | -2.75% |
Correlation
The correlation between BNQV.DE and AMPS.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.78 |
The correlation between BNQV.DE and AMPS.L has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
BNQV.DE vs. AMPS.L — Risk / Return Rank
BNQV.DE
AMPS.L
BNQV.DE vs. AMPS.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 Battery Metals (AMPS.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 | AMPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 3.98 | +0.05 |
| Martin ratioReturn relative to average drawdown | 14.99 | 8.98 | +6.00 |
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 | AMPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.90 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.12 | +0.56 |
Drawdowns
BNQV.DE vs. AMPS.L - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, roughly equal to the maximum AMPS.L drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and AMPS.L.
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Drawdown Indicators
| BNQV.DE | AMPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -34.44% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -7.51% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -23.48% | +6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -11.73% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -23.53% | +7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.32% | -1.27% |
Volatility
BNQV.DE vs. AMPS.L - Volatility Comparison
BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) and WisdomTree Battery Metals (AMPS.L) have volatilities of 4.28% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNQV.DE | AMPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.44% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 12.30% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.71% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 19.72% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 19.72% | -2.91% |
BNQV.DE vs. AMPS.L - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is higher than AMPS.L's 0.45% expense ratio.
Dividends
BNQV.DE vs. AMPS.L - Dividend Comparison
Neither BNQV.DE nor AMPS.L has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and AMPS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMPS.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMPS.L is cheaper with a 0.45% expense ratio, compared with 1.00% for BNQV.DE.
BNQV.DE tracks RICI Enhanced Industrial Metals, while AMPS.L tracks WisdomTree Battery Metals Commodity. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 1.00% for BNQV.DE and 0.45% for AMPS.L.
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