BNQV.DE vs. XMWJ.DE
BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) and XMWJ.DE (WisdomTree Industrial Metals Enhanced) are both Metals funds - BNQV.DE tracks the RICI Enhanced Industrial Metals while XMWJ.DE tracks the Optimised Roll Industrial Metals. Both are passively managed. Over the past 5 years, BNQV.DE returned 8.91%/yr vs 6.79%/yr for XMWJ.DE. Their correlation of 0.90 suggests significant overlap in exposure. BNQV.DE charges 1.00%/yr vs 0.40%/yr for XMWJ.DE.
Performance
BNQV.DE vs. XMWJ.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 XMWJ.DE's 11.66% 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*
- —
XMWJ.DE
- 1D
- -0.39%
- 1M
- 4.31%
- YTD
- 11.66%
- 6M
- 17.70%
- 1Y
- 28.56%
- 3Y*
- 8.41%
- 5Y*
- 6.79%
- 10Y*
- —
BNQV.DE vs. XMWJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 36.61% | 2.31% | -3.57% |
XMWJ.DE WisdomTree Industrial Metals Enhanced | 11.66% | 3.54% | 10.30% | -10.91% | 5.77% | 37.50% | 5.00% | -3.74% |
Correlation
The correlation between BNQV.DE and XMWJ.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.90 |
The correlation between BNQV.DE and XMWJ.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
BNQV.DE vs. XMWJ.DE — Risk / Return Rank
BNQV.DE
XMWJ.DE
BNQV.DE vs. XMWJ.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 WisdomTree Industrial Metals Enhanced (XMWJ.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 | XMWJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 3.89 | +0.14 |
| Martin ratioReturn relative to average drawdown | 14.99 | 12.97 | +2.02 |
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 | XMWJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.85 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.34 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.40 | +0.04 |
Drawdowns
BNQV.DE vs. XMWJ.DE - Drawdown Comparison
The maximum BNQV.DE drawdown since its inception was -33.62%, smaller than the maximum XMWJ.DE drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for BNQV.DE and XMWJ.DE.
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Drawdown Indicators
| BNQV.DE | XMWJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -36.27% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -7.31% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -21.35% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -36.27% | +2.65% |
Current DrawdownCurrent decline from peak | -5.83% | -14.55% | +8.72% |
Average DrawdownAverage peak-to-trough decline | -15.64% | -18.56% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.20% | -0.15% |
Volatility
BNQV.DE vs. XMWJ.DE - Volatility Comparison
The current volatility for BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) is 4.28%, while WisdomTree Industrial Metals Enhanced (XMWJ.DE) has a volatility of 4.56%. This indicates that BNQV.DE experiences smaller price fluctuations and is considered to be less risky than XMWJ.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 | XMWJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.56% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 12.97% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.40% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 19.70% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.48% | -1.67% |
BNQV.DE vs. XMWJ.DE - Expense Ratio Comparison
BNQV.DE has a 1.00% expense ratio, which is higher than XMWJ.DE's 0.40% expense ratio.
Dividends
BNQV.DE vs. XMWJ.DE - Dividend Comparison
Neither BNQV.DE nor XMWJ.DE has paid dividends to shareholders.
Frequently Asked Questions
BNQV.DE and XMWJ.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWJ.DE is cheaper with a 0.40% expense ratio, compared with 1.00% for BNQV.DE.
BNQV.DE tracks RICI Enhanced Industrial Metals, while XMWJ.DE tracks Optimised Roll Industrial Metals. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 1.00% for BNQV.DE and 0.40% for XMWJ.DE.
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