VZLE.DE vs. BNQL.DE
VZLE.DE (WisdomTree Physical Precious Metals) and BNQL.DE (BNP Paribas Palladium ETC) are both Precious Metals funds - VZLE.DE tracks the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return while BNQL.DE tracks the Palladium Spot Price. Both are passively managed. Over the past 5 years, VZLE.DE returned 12.60%/yr vs -14.98%/yr for BNQL.DE. A 0.62 correlation means they provide meaningful diversification when combined. VZLE.DE charges 0.44%/yr vs 0.99%/yr for BNQL.DE.
Performance
VZLE.DE vs. BNQL.DE - Performance Comparison
Loading charts...
Different Trading Currencies
VZLE.DE is traded in USD, while BNQL.DE is traded in EUR. To make them comparable, the BNQL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VZLE.DE achieves a -2.23% return, which is significantly higher than BNQL.DE's -18.71% return.
VZLE.DE
- 1D
- -0.30%
- 1M
- -1.92%
- YTD
- -2.23%
- 6M
- 10.61%
- 1Y
- 48.36%
- 3Y*
- 25.15%
- 5Y*
- 12.60%
- 10Y*
- 12.45%
BNQL.DE
- 1D
- -0.94%
- 1M
- -12.16%
- YTD
- -18.71%
- 6M
- -8.66%
- 1Y
- 31.28%
- 3Y*
- -3.10%
- 5Y*
- -14.98%
- 10Y*
- —
VZLE.DE vs. BNQL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VZLE.DE WisdomTree Physical Precious Metals | -2.23% | 70.41% | 23.37% | -6.62% | 4.80% | -1.84% | 14.75% | 28.47% | 4.35% | 1.61% |
BNQL.DE BNP Paribas Palladium ETC | -18.71% | 78.85% | -20.90% | -38.37% | -9.61% | -17.20% | 21.22% | 50.16% | 16.73% | 57.36% |
Correlation
The correlation between VZLE.DE and BNQL.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2016 | 0.62 |
The correlation between VZLE.DE and BNQL.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VZLE.DE vs. BNQL.DE — Risk / Return Rank
VZLE.DE
BNQL.DE
VZLE.DE vs. BNQL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (VZLE.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.
| VZLE.DE | BNQL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.80 | +1.14 |
| Martin ratioReturn relative to average drawdown | 4.52 | 1.73 | +2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VZLE.DE | BNQL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.67 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | -0.32 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.13 | +0.32 |
Drawdowns
VZLE.DE vs. BNQL.DE - Drawdown Comparison
The maximum VZLE.DE drawdown since its inception was -39.25%, smaller than the maximum BNQL.DE drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for VZLE.DE and BNQL.DE.
Loading charts...
Drawdown Indicators
| VZLE.DE | BNQL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.25% | -74.08% | +34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.73% | -38.69% | +13.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -43.52% | +18.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | -74.08% | +44.66% |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | — | — |
Current DrawdownCurrent decline from peak | -22.89% | -59.20% | +36.31% |
Average DrawdownAverage peak-to-trough decline | -17.35% | -32.15% | +14.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.67% | 18.08% | -7.41% |
Volatility
VZLE.DE vs. BNQL.DE - Volatility Comparison
The current volatility for WisdomTree Physical Precious Metals (VZLE.DE) is 7.10%, while BNP Paribas Palladium ETC (BNQL.DE) has a volatility of 10.79%. This indicates that VZLE.DE experiences smaller price fluctuations and is considered to be less risky than BNQL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VZLE.DE | BNQL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 10.79% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 29.30% | 38.90% | -9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.04% | 46.45% | -14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 46.92% | -24.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 42.37% | -22.86% |
VZLE.DE vs. BNQL.DE - Expense Ratio Comparison
VZLE.DE has a 0.44% expense ratio, which is lower than BNQL.DE's 0.99% expense ratio.
Dividends
VZLE.DE vs. BNQL.DE - Dividend Comparison
Neither VZLE.DE nor BNQL.DE has paid dividends to shareholders.
Frequently Asked Questions
VZLE.DE and BNQL.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VZLE.DE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VZLE.DE is cheaper with a 0.44% expense ratio, compared with 0.99% for BNQL.DE.
VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return, while BNQL.DE tracks Palladium Spot Price. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.44% for VZLE.DE and 0.99% for BNQL.DE.
Find the right allocation for VZLE.DE and BNQL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer