BNQV.DE vs. ASRE.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both exchange-traded funds - BNQV.DE is a Metals fund tracking the RICI Enhanced Industrial Metals, while ASRE.DE is a European Government Bonds fund tracking the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs -0.36%/yr for ASRE.DE. At a correlation of -0.04, they often move in opposite directions. BNQV.DE charges 1.00%/yr vs 0.15%/yr for ASRE.DE.
Performance
BNQV.DE vs. ASRE.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 ASRE.DE's -0.12% 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*
- —
ASRE.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.12%
- 6M
- -0.05%
- 1Y
- 0.64%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
BNQV.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 22.48% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between BNQV.DE and ASRE.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | -0.04 |
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Return for Risk
BNQV.DE vs. ASRE.DE — Risk / Return Rank
BNQV.DE
ASRE.DE
BNQV.DE vs. ASRE.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 BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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 | ASRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.03 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 0.15 | +3.88 |
| Martin ratioReturn relative to average drawdown | 14.99 | 0.41 | +14.57 |
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 | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.14 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | -0.10 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.10 | +0.53 |
Drawdowns
BNQV.DE vs. ASRE.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and ASRE.DE.
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Drawdown Indicators
| BNQV.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -12.01% | -21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -2.40% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -2.40% | -14.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -12.01% | -21.61% |
Current DrawdownCurrent decline from peak | -5.83% | -2.42% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -5.22% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.85% | +1.20% |
Volatility
BNQV.DE vs. ASRE.DE - Volatility Comparison
BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) has a higher volatility of 4.28% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that BNQV.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.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 | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 1.03% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 2.28% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 2.57% | +11.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 3.60% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 3.52% | +13.29% |
BNQV.DE vs. ASRE.DE - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is higher than ASRE.DE's 0.15% expense ratio.
Dividends
BNQV.DE vs. ASRE.DE - Dividend Comparison
Neither BNQV.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and ASRE.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 1.00% for BNQV.DE.
BNQV.DE is categorized as Metals, while ASRE.DE is European Government Bonds. BNQV.DE tracks RICI Enhanced Industrial Metals, while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Their fees differ too: 1.00% for BNQV.DE and 0.15% for ASRE.DE.
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