AIGI.L vs. 0GZD.DE
AIGI.L (WisdomTree Industrial Metals) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds - AIGI.L tracks the Bloomberg Industrial Metals while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, AIGI.L returned 5.83%/yr vs 4.76%/yr for 0GZD.DE. Their correlation of 0.85 suggests significant overlap in exposure. AIGI.L charges 0.49%/yr vs 1.20%/yr for 0GZD.DE.
Performance
AIGI.L vs. 0GZD.DE - Performance Comparison
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Different Trading Currencies
AIGI.L is traded in USD, while 0GZD.DE is traded in EUR. To make them comparable, the 0GZD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AIGI.L achieves a 15.82% return, which is significantly higher than 0GZD.DE's 10.55% return.
AIGI.L
- 1D
- -0.40%
- 1M
- 4.46%
- YTD
- 15.82%
- 6M
- 21.54%
- 1Y
- 32.92%
- 3Y*
- 13.33%
- 5Y*
- 5.83%
- 10Y*
- 8.39%
0GZD.DE
- 1D
- -0.14%
- 1M
- 2.96%
- YTD
- 10.55%
- 6M
- 16.23%
- 1Y
- 32.96%
- 3Y*
- 15.51%
- 5Y*
- 4.76%
- 10Y*
- —
AIGI.L vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AIGI.L WisdomTree Industrial Metals | 15.82% | 19.43% | 3.07% | -11.78% | -2.91% | 28.67% | 14.31% | 2.81% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 10.55% | 31.30% | -1.28% | -1.91% | -8.30% | 14.50% | 22.01% | 1.38% |
Correlation
The correlation between AIGI.L and 0GZD.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.85 |
The correlation between AIGI.L and 0GZD.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
AIGI.L vs. 0GZD.DE — Risk / Return Rank
AIGI.L
0GZD.DE
AIGI.L vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals (AIGI.L) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.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.
| AIGI.L | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.62 | -0.06 |
| Martin ratioReturn relative to average drawdown | 6.42 | 8.78 | -2.36 |
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
| AIGI.L | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.91 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.21 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.43 | -0.44 |
Drawdowns
AIGI.L vs. 0GZD.DE - Drawdown Comparison
The maximum AIGI.L drawdown since its inception was -69.67%, which is greater than 0GZD.DE's maximum drawdown of -47.05%. Use the drawdown chart below to compare losses from any high point for AIGI.L and 0GZD.DE.
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Drawdown Indicators
| AIGI.L | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.67% | -47.05% | -22.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -12.53% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -16.74% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -41.99% | -47.05% | +5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | — | — |
Current DrawdownCurrent decline from peak | -24.66% | -2.92% | -21.74% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -19.50% | -25.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 3.74% | +1.37% |
Volatility
AIGI.L vs. 0GZD.DE - Volatility Comparison
WisdomTree Industrial Metals (AIGI.L) has a higher volatility of 5.54% compared to BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) at 5.23%. This indicates that AIGI.L's price experiences larger fluctuations and is considered to be riskier than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIGI.L | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 5.23% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 13.92% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 17.18% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 22.33% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 21.25% | -1.76% |
AIGI.L vs. 0GZD.DE - Expense Ratio Comparison
AIGI.L has a 0.49% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
AIGI.L vs. 0GZD.DE - Dividend Comparison
Neither AIGI.L nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
AIGI.L and 0GZD.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIGI.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIGI.L is cheaper with a 0.49% expense ratio, compared with 1.20% for 0GZD.DE.
AIGI.L tracks Bloomberg Industrial Metals, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.49% for AIGI.L and 1.20% for 0GZD.DE.
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