AIGI.L vs. NICK.L
AIGI.L (WisdomTree Industrial Metals) and NICK.L (WisdomTree Nickel) are both Metals funds from WisdomTree - AIGI.L tracks the Bloomberg Industrial Metals while NICK.L tracks the Bloomberg Nickel. Both are passively managed. Over the past 10 years, AIGI.L returned 8.39%/yr vs 6.28%/yr for NICK.L. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
AIGI.L vs. NICK.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIGI.L achieves a 15.82% return, which is significantly higher than NICK.L's 10.65% return. Over the past 10 years, AIGI.L has outperformed NICK.L with an annualized return of 8.39%, while NICK.L has yielded a comparatively lower 6.28% annualized 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%
NICK.L
- 1D
- -1.03%
- 1M
- -5.12%
- YTD
- 10.65%
- 6M
- 23.90%
- 1Y
- 18.75%
- 3Y*
- -5.71%
- 5Y*
- -0.66%
- 10Y*
- 6.28%
AIGI.L vs. NICK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGI.L WisdomTree Industrial Metals | 15.82% | 19.43% | 3.07% | -11.78% | -2.91% | 28.67% | 14.31% | 6.29% | -19.44% | 26.54% |
NICK.L WisdomTree Nickel | 10.65% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | 32.82% | -14.50% | 18.74% |
Correlation
The correlation between AIGI.L and NICK.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.66 |
The correlation between AIGI.L and NICK.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
AIGI.L vs. NICK.L — Risk / Return Rank
AIGI.L
NICK.L
AIGI.L vs. NICK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals (AIGI.L) and WisdomTree Nickel (NICK.L). 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 | NICK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.82 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.42 | 3.88 | +2.54 |
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 | NICK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.76 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.01 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.17 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.09 | +0.08 |
Drawdowns
AIGI.L vs. NICK.L - Drawdown Comparison
The maximum AIGI.L drawdown since its inception was -69.67%, smaller than the maximum NICK.L drawdown of -87.80%. Use the drawdown chart below to compare losses from any high point for AIGI.L and NICK.L.
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Drawdown Indicators
| AIGI.L | NICK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.67% | -87.80% | +18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -10.26% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -40.82% | +20.10% |
Max Drawdown (5Y)Largest decline over 5 years | -41.99% | -71.83% | +29.84% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | -71.83% | +29.84% |
Current DrawdownCurrent decline from peak | -24.66% | -74.59% | +49.93% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -70.10% | +24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 4.80% | +0.31% |
Volatility
AIGI.L vs. NICK.L - Volatility Comparison
The current volatility for WisdomTree Industrial Metals (AIGI.L) is 5.54%, while WisdomTree Nickel (NICK.L) has a volatility of 6.02%. This indicates that AIGI.L experiences smaller price fluctuations and is considered to be less risky than NICK.L 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 | NICK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 6.02% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 22.98% | -9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 24.65% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 44.13% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 36.48% | -16.99% |
AIGI.L vs. NICK.L - Expense Ratio Comparison
Both AIGI.L and NICK.L have an expense ratio of 0.49%.
Dividends
AIGI.L vs. NICK.L - Dividend Comparison
Neither AIGI.L nor NICK.L has paid dividends to shareholders.
Frequently Asked Questions
AIGI.L and NICK.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AIGI.L and NICK.L have the same expense ratio: 0.49% per year.
AIGI.L tracks Bloomberg Industrial Metals, while NICK.L tracks Bloomberg Nickel.
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