IS0E.DE vs. BNQL.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and BNQL.DE (BNP Paribas Palladium ETC) are both Precious Metals funds - IS0E.DE tracks the S&P Commodity Producers Gold while BNQL.DE tracks the Palladium Spot Price. Both are passively managed. Over the past 5 years, IS0E.DE returned 19.77%/yr vs -14.19%/yr for BNQL.DE. At a 0.35 correlation, their price movements are largely independent. IS0E.DE charges 0.55%/yr vs 0.99%/yr for BNQL.DE.
Performance
IS0E.DE vs. BNQL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly higher than BNQL.DE's -17.76% return.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
BNQL.DE
- 1D
- -1.06%
- 1M
- -13.61%
- YTD
- -17.76%
- 6M
- -9.22%
- 1Y
- 28.37%
- 3Y*
- -5.67%
- 5Y*
- -14.19%
- 10Y*
- —
IS0E.DE vs. BNQL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
BNQL.DE BNP Paribas Palladium ETC | -17.76% | 58.42% | -16.10% | -40.26% | -4.34% | -10.11% | 10.43% | 53.40% | 21.86% | 38.20% |
Correlation
The correlation between IS0E.DE and BNQL.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2016 | 0.35 |
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Return for Risk
IS0E.DE vs. BNQL.DE — Risk / Return Rank
IS0E.DE
BNQL.DE
IS0E.DE vs. BNQL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and BNP Paribas Palladium ETC (BNQL.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.
| IS0E.DE | BNQL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.78 | +1.39 |
| Martin ratioReturn relative to average drawdown | 5.45 | 1.68 | +3.78 |
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
| IS0E.DE | BNQL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.63 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.31 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.11 | +0.07 |
Drawdowns
IS0E.DE vs. BNQL.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, roughly equal to the maximum BNQL.DE drawdown of -73.80%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and BNQL.DE.
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Drawdown Indicators
| IS0E.DE | BNQL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -73.80% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -37.28% | +10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -43.58% | +16.32% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -73.80% | +35.77% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | — | — |
Current DrawdownCurrent decline from peak | -22.93% | -61.09% | +38.16% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -32.15% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 17.30% | -6.45% |
Volatility
IS0E.DE vs. BNQL.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to BNP Paribas Palladium ETC (BNQL.DE) at 10.31%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier than BNQL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0E.DE | BNQL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 10.31% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 37.75% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 45.71% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 45.30% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 40.77% | -8.24% |
IS0E.DE vs. BNQL.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is lower than BNQL.DE's 0.99% expense ratio.
Dividends
IS0E.DE vs. BNQL.DE - Dividend Comparison
Neither IS0E.DE nor BNQL.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and BNQL.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.99% for BNQL.DE.
IS0E.DE tracks S&P Commodity Producers Gold, while BNQL.DE tracks Palladium Spot Price. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.55% for IS0E.DE and 0.99% for BNQL.DE.
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