XMWJ.DE vs. BNQV.DE
XMWJ.DE (WisdomTree Industrial Metals Enhanced) and BNQV.DE (BNPP RICI Enhanced Industriemetalle (TR) ETC) are both Metals funds - XMWJ.DE tracks the Optimised Roll Industrial Metals while BNQV.DE tracks the RICI Enhanced Industrial Metals. Both are passively managed. Over the past 5 years, XMWJ.DE returned 6.79%/yr vs 8.91%/yr for BNQV.DE. Their correlation of 0.90 suggests significant overlap in exposure. XMWJ.DE charges 0.40%/yr vs 1.00%/yr for BNQV.DE.
Performance
XMWJ.DE vs. BNQV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMWJ.DE achieves a 11.66% return, which is significantly lower than BNQV.DE's 13.96% return.
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
- 1D
- -0.40%
- 1M
- 4.56%
- YTD
- 13.96%
- 6M
- 17.81%
- 1Y
- 30.74%
- 3Y*
- 11.33%
- 5Y*
- 8.91%
- 10Y*
- —
XMWJ.DE vs. BNQV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMWJ.DE WisdomTree Industrial Metals Enhanced | 11.66% | 3.54% | 10.30% | -10.91% | 5.77% | 37.50% | 5.00% | -3.74% |
BNQV.DE BNPP RICI Enhanced Industriemetalle (TR) ETC | 13.96% | 5.40% | 12.60% | -6.20% | 6.27% | 36.61% | 2.31% | -3.57% |
Correlation
The correlation between XMWJ.DE and BNQV.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 XMWJ.DE and BNQV.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
XMWJ.DE vs. BNQV.DE — Risk / Return Rank
XMWJ.DE
BNQV.DE
XMWJ.DE vs. BNQV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (XMWJ.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.
| XMWJ.DE | BNQV.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 | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 4.03 | -0.14 |
| Martin ratioReturn relative to average drawdown | 12.97 | 14.99 | -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
| XMWJ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.13 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.48 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.43 | -0.04 |
Drawdowns
XMWJ.DE vs. BNQV.DE - Drawdown Comparison
The maximum XMWJ.DE drawdown since its inception was -36.27%, 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 XMWJ.DE and BNQV.DE.
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Drawdown Indicators
| XMWJ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -33.62% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -7.60% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -17.34% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -33.62% | -2.65% |
Current DrawdownCurrent decline from peak | -14.55% | -5.83% | -8.72% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -15.64% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.05% | +0.15% |
Volatility
XMWJ.DE vs. BNQV.DE - Volatility Comparison
WisdomTree Industrial Metals Enhanced (XMWJ.DE) has a higher volatility of 4.56% compared to BNPP RICI Enhanced Industriemetalle (TR) ETC (BNQV.DE) at 4.28%. This indicates that XMWJ.DE'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
| XMWJ.DE | BNQV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.28% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.25% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 14.37% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 18.41% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 16.81% | +1.67% |
XMWJ.DE vs. BNQV.DE - Expense Ratio Comparison
XMWJ.DE has a 0.40% expense ratio, which is lower than BNQV.DE's 1.00% expense ratio.
Dividends
XMWJ.DE vs. BNQV.DE - Dividend Comparison
Neither XMWJ.DE nor BNQV.DE has paid dividends to shareholders.
Frequently Asked Questions
XMWJ.DE and BNQV.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.
XMWJ.DE tracks Optimised Roll Industrial Metals, while BNQV.DE tracks RICI Enhanced Industrial Metals. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.40% for XMWJ.DE and 1.00% for BNQV.DE.
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