ETSZ.DE vs. BNQV.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while BNQV.DE is a Metals fund tracking the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, ETSZ.DE returned 9.62%/yr vs 8.91%/yr for BNQV.DE. At a 0.24 correlation, their price movements are largely independent. ETSZ.DE charges 0.20%/yr vs 1.00%/yr for BNQV.DE.
Performance
ETSZ.DE vs. BNQV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly lower than BNQV.DE's 13.96% return.
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
- 1D
- -0.40%
- 1M
- 4.56%
- YTD
- 13.96%
- 6M
- 17.81%
- 1Y
- 30.74%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
ETSZ.DE vs. BNQV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between ETSZ.DE and BNQV.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
ETSZ.DE vs. BNQV.DE — Risk / Return Rank
ETSZ.DE
BNQV.DE
ETSZ.DE vs. BNQV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.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.
| ETSZ.DE | BNQV.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 | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.03 | -2.31 |
| Martin ratioReturn relative to average drawdown | 6.45 | 14.99 | -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
| ETSZ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.13 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.48 | +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 | 0.52 | 0.43 | +0.08 |
Drawdowns
ETSZ.DE vs. BNQV.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than BNQV.DE's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and BNQV.DE.
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Drawdown Indicators
| ETSZ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -33.62% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -7.60% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.34% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -33.62% | +13.07% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -5.83% | +4.13% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -15.64% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.05% | +0.46% |
Volatility
ETSZ.DE vs. BNQV.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) have volatilities of 4.34% and 4.28%, 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
| ETSZ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.28% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.25% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 14.37% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 18.41% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.81% | -1.27% |
ETSZ.DE vs. BNQV.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than BNQV.DE's 1.00% expense ratio.
Dividends
ETSZ.DE vs. BNQV.DE - Dividend Comparison
Neither ETSZ.DE nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and BNQV.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.
ETSZ.DE is categorized as Europe Equities, while BNQV.DE is Metals. ETSZ.DE tracks STOXX® Europe 600, while BNQV.DE tracks RICI Enhanced Industrial Metals. Their fees differ too: 0.20% for ETSZ.DE and 1.00% for BNQV.DE.
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