ISTM vs. BNQV.DE
ISTM (iShares Strategic Metals ETF) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both exchange-traded funds - ISTM is a Rare Earth & Strategic Metals fund tracking the ICE Strategic Re-Industrialization Metals Index, while BNQV.DE is a Metals fund tracking the RICI Enhanced Industrial Metals. Both are passively managed. Over the past year, ISTM returned 39.44% vs 27.28% for BNQV.DE. A 0.72 correlation means they provide meaningful diversification when combined. ISTM charges 0.49%/yr vs 1.00%/yr for BNQV.DE.
Performance
ISTM vs. BNQV.DE - Performance Comparison
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Different Trading Currencies
ISTM is traded in USD, while BNQV.DE is traded in EUR. To make them comparable, the BNQV.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISTM achieves a 3.12% return, which is significantly lower than BNQV.DE's 9.38% return.
ISTM
- 1D
- -3.40%
- 1M
- -9.19%
- YTD
- 3.12%
- 6M
- 3.55%
- 1Y
- 39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNQV.DE
- 1D
- 0.00%
- 1M
- -1.69%
- YTD
- 9.38%
- 6M
- 10.66%
- 1Y
- 27.28%
- 3Y*
- 12.94%
- 5Y*
- 7.75%
- 10Y*
- —
ISTM vs. BNQV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ISTM iShares Strategic Metals ETF | 3.12% | 54.07% | 6.95% | 2.69% |
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 9.38% | 18.99% | 6.16% | 3.11% |
Correlation
The correlation between ISTM and BNQV.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023 | 0.72 |
The correlation between ISTM and BNQV.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
ISTM vs. BNQV.DE — Risk / Return Rank
ISTM
BNQV.DE
ISTM vs. BNQV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Strategic Metals ETF (ISTM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISTM | BNQV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.97 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.17 | 9.99 | -5.81 |
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Drawdowns
ISTM vs. BNQV.DE - Drawdown Comparison
The maximum ISTM drawdown since its inception was -22.20%, smaller than the maximum BNQV.DE drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for ISTM and BNQV.DE.
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Drawdown Indicators
| ISTM | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -38.67% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -9.15% | -13.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.67% | — |
Current DrawdownCurrent decline from peak | -18.92% | -4.56% | -14.36% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -16.04% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 2.72% | +6.76% |
Volatility
ISTM vs. BNQV.DE - Volatility Comparison
iShares Strategic Metals ETF (ISTM) has a higher volatility of 7.62% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.33%. This indicates that ISTM's price experiences larger fluctuations and is considered to be riskier than BNQV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISTM | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 4.33% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 28.67% | 12.74% | +15.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.35% | 15.17% | +16.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.24% | 19.31% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.24% | 17.21% | +7.03% |
ISTM vs. BNQV.DE - Expense Ratio Comparison
ISTM has a 0.49% expense ratio, which is lower than BNQV.DE's 1.00% expense ratio.
Dividends
ISTM vs. BNQV.DE - Dividend Comparison
ISTM's dividend yield for the trailing twelve months is around 14.33%, while BNQV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 0.00% | 0.00% | 0.00% | 0.00% |
ISTM iShares Strategic Metals ETF | 14.33% | 14.78% | 29.62% | 1.02% |
Frequently Asked Questions
ISTM and BNQV.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISTM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISTM is cheaper with a 0.49% expense ratio, compared with 1.00% for BNQV.DE.
ISTM is categorized as Rare Earth & Strategic Metals, while BNQV.DE is Metals. ISTM tracks ICE Strategic Re-Industrialization Metals Index, while BNQV.DE tracks RICI Enhanced Industrial Metals. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.49% for ISTM and 1.00% for BNQV.DE.
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