ALUM.L vs. ^GSPC

In the year-to-date period, ALUM.L achieves a 2.60% return, which is significantly lower than ^GSPC's 6.43% return. Over the past 10 years, ALUM.L has underperformed ^GSPC with an annualized return of 1.54%, while ^GSPC has yielded a comparatively higher 11.49% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and S&P 500 (^GSPC). 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.

The current ALUM.L Sharpe Ratio is 0.25, which is lower than the ^GSPC Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ALUM.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The correlation between ALUM.L and ^GSPC is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

The maximum ALUM.L drawdown since its inception was -77.63%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ALUM.L and ^GSPC.

WisdomTree Aluminium (ALUM.L) has a higher volatility of 3.42% compared to S&P 500 (^GSPC) at 2.89%. This indicates that ALUM.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.