BNQV.DE vs. ETSZ.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - BNQV.DE is a Metals fund tracking the RICI Enhanced Industrial Metals, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 9.62%/yr for ETSZ.DE. At a 0.24 correlation, their price movements are largely independent. BNQV.DE charges 1.00%/yr vs 0.20%/yr for ETSZ.DE.
Performance
BNQV.DE vs. ETSZ.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 ETSZ.DE's 7.24% 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*
- —
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
BNQV.DE vs. ETSZ.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% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
Correlation
The correlation between BNQV.DE and ETSZ.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.24 |
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Return for Risk
BNQV.DE vs. ETSZ.DE — Risk / Return Rank
BNQV.DE
ETSZ.DE
BNQV.DE vs. ETSZ.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 STOXX Europe 600 UCITS ETF (ETSZ.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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 1.72 | +2.31 |
| Martin ratioReturn relative to average drawdown | 14.99 | 6.45 | +8.54 |
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 | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.26 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.66 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.52 | -0.08 |
Drawdowns
BNQV.DE vs. ETSZ.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, smaller than the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and ETSZ.DE.
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Drawdown Indicators
| BNQV.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -35.51% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -9.39% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -16.35% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -20.55% | -13.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -5.83% | -1.70% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -5.41% | -10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.51% | -0.46% |
Volatility
BNQV.DE vs. ETSZ.DE - Volatility Comparison
BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 4.28% and 4.34%, 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 | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.34% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 10.64% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 12.84% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 14.39% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 15.54% | +1.27% |
BNQV.DE vs. ETSZ.DE - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
BNQV.DE vs. ETSZ.DE - Dividend Comparison
Neither BNQV.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and ETSZ.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 1.00% for BNQV.DE.
BNQV.DE is categorized as Metals, while ETSZ.DE is Europe Equities. BNQV.DE tracks RICI Enhanced Industrial Metals, while ETSZ.DE tracks STOXX® Europe 600. Their fees differ too: 1.00% for BNQV.DE and 0.20% for ETSZ.DE.
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