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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bloomberg Aluminum Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Bloomberg Aluminum Index (^BCOMAL) has returned 10.88% so far this year and 28.53% over the past 12 months. Over the last ten years, ^BCOMAL has returned 4.81% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Bloomberg Aluminum Index
- 1D
- 0.80%
- 1M
- 6.04%
- YTD
- 10.88%
- 6M
- 22.83%
- 1Y
- 28.53%
- 3Y*
- 6.62%
- 5Y*
- 3.75%
- 10Y*
- 4.81%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 22, 2009, ^BCOMAL's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.
Historically, 49% of months were positive and 51% were negative. The best month was Jul 2009 with a return of +15.8%, while the worst month was Sep 2011 at -13.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.
On a daily basis, ^BCOMAL closed higher 48% of trading days. The best single day was Sep 6, 2011 with a return of +10.3%, while the worst single day was Sep 5, 2011 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.79% | -0.21% | 6.04% | 10.88% | |||||||||
| 2025 | 2.03% | 0.09% | -2.97% | -5.96% | 1.65% | 6.31% | -1.39% | 1.89% | 2.48% | 7.54% | -0.78% | 3.83% | 14.85% |
| 2024 | -4.88% | -2.92% | 4.47% | 10.20% | 2.05% | -5.81% | -10.46% | 6.82% | 6.39% | -0.56% | -0.73% | -2.44% | 0.17% |
| 2023 | 10.81% | -10.94% | 1.15% | -2.76% | -4.51% | -5.44% | 5.61% | -4.16% | 6.55% | -4.90% | -3.21% | 7.90% | -6.13% |
| 2022 | 7.87% | 11.70% | 3.43% | -12.90% | -9.06% | -12.37% | 2.37% | -5.33% | -8.74% | 2.71% | 10.91% | -4.56% | -16.81% |
| 2021 | -0.49% | 8.70% | 2.24% | 8.20% | 3.20% | 1.68% | 2.79% | 4.53% | 5.11% | -4.81% | -3.59% | 6.75% | 38.94% |
Benchmark Metrics
Bloomberg Aluminum Index has an annualized alpha of -0.56%, beta of 0.26, and R² of 0.05 versus S&P 500 Index. Calculated based on daily prices since June 23, 2009.
- This index participated in 72.32% of S&P 500 Index downside but only 35.34% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R² of 0.05 this index is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R² of 0.05 means this index moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.56%
- Beta
- 0.26
- R²
- 0.05
- Upside Capture
- 35.34%
- Downside Capture
- 72.32%
Return for Risk
Risk / Return Rank
^BCOMAL ranks 86 for risk / return — in the top 86% of indices on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Bloomberg Aluminum Index (^BCOMAL) and compare them to a chosen benchmark (S&P 500 Index).
| ^BCOMAL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.90 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.39 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.40 | +1.08 |
Martin ratioReturn relative to average drawdown | 7.09 | 6.61 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ^BCOMAL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bloomberg Aluminum Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bloomberg Aluminum Index was 66.01%, occurring on May 15, 2020. The portfolio has not yet recovered.
The current Bloomberg Aluminum Index drawdown is 37.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.01% | May 4, 2011 | 2278 | May 15, 2020 | — | — | — |
| -25.19% | Apr 16, 2010 | 36 | Jun 7, 2010 | 184 | Feb 28, 2011 | 220 |
| -17.19% | Jan 7, 2010 | 21 | Feb 5, 2010 | 44 | Apr 12, 2010 | 65 |
| -14.82% | Aug 6, 2009 | 42 | Oct 5, 2009 | 41 | Dec 2, 2009 | 83 |
| -8.22% | Jun 26, 2009 | 8 | Jul 8, 2009 | 6 | Jul 16, 2009 | 14 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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