BNQV.DE vs. BNQP.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and BNQP.DE (BNPP RICI Kupfer (TR) Enhanced ETC) are both Metals funds from BNP Paribas - BNQV.DE tracks the RICI Enhanced Industrial Metals while BNQP.DE tracks the RICI Enhanced Copper. Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 9.93%/yr for BNQP.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 1.00% expense ratio.
Performance
BNQV.DE vs. BNQP.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 BNQP.DE's 12.82% 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*
- —
BNQP.DE
- 1D
- 0.72%
- 1M
- 6.09%
- YTD
- 12.82%
- 6M
- 23.25%
- 1Y
- 42.24%
- 3Y*
- 17.47%
- 5Y*
- 9.93%
- 10Y*
- —
BNQV.DE vs. BNQP.DE - 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% |
BNQP.DE BNPP RICI Kupfer (TR) Enhanced ETC | 12.82% | 20.92% | 16.44% | 2.18% | -3.18% | 31.64% | 12.34% | 7.41% | -13.56% | 16.95% |
Correlation
The correlation between BNQV.DE and BNQP.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.81 |
The correlation between BNQV.DE and BNQP.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
BNQV.DE vs. BNQP.DE — Risk / Return Rank
BNQV.DE
BNQP.DE
BNQV.DE vs. BNQP.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 Kupfer (TR) Enhanced ETC (BNQP.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 | BNQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 4.87 | -0.84 |
| Martin ratioReturn relative to average drawdown | 14.99 | 16.92 | -1.93 |
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 | BNQP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.21 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.52 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.66 | -0.22 |
Drawdowns
BNQV.DE vs. BNQP.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, which is greater than BNQP.DE's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and BNQP.DE.
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Drawdown Indicators
| BNQV.DE | BNQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -29.03% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -8.63% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -17.93% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -25.14% | -8.48% |
Current DrawdownCurrent decline from peak | -5.83% | -1.26% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -9.15% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.49% | -0.44% |
Volatility
BNQV.DE vs. BNQP.DE - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) is 4.28%, while BNPP RICI Kupfer (TR) Enhanced ETC (BNQP.DE) has a volatility of 5.70%. This indicates that BNQV.DE experiences smaller price fluctuations and is considered to be less risky than BNQP.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 | BNQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.70% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 15.31% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 19.07% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 19.11% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.78% | -1.97% |
BNQV.DE vs. BNQP.DE - Expense Ratio Comparison
Both BNQV.DE and BNQP.DE have an expense ratio of 1.00%.
Dividends
BNQV.DE vs. BNQP.DE - Dividend Comparison
Neither BNQV.DE nor BNQP.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and BNQP.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BNQV.DE and BNQP.DE have the same expense ratio: 1.00% per year.
BNQV.DE tracks RICI Enhanced Industrial Metals, while BNQP.DE tracks RICI Enhanced Copper.
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