ALUM.L vs. ^GSPC
ALUM.L (WisdomTree Aluminium) is Metals fund tracking the Bloomberg Aluminum, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ALUM.L returned 6.81%/yr vs 13.65%/yr for ^GSPC. At a 0.18 correlation, their price movements are largely independent.
Performance
ALUM.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ALUM.L achieves a 25.85% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, ALUM.L has underperformed ^GSPC with an annualized return of 6.81%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.
ALUM.L
- 1D
- -0.93%
- 1M
- 2.73%
- YTD
- 25.85%
- 6M
- 29.08%
- 1Y
- 52.01%
- 3Y*
- 17.40%
- 5Y*
- 7.40%
- 10Y*
- 6.81%
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
ALUM.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALUM.L WisdomTree Aluminium | 25.85% | 17.98% | 4.62% | -4.48% | -15.92% | 38.11% | 1.95% | -3.12% | -18.30% | 29.16% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between ALUM.L and ^GSPC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.18 |
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Return for Risk
ALUM.L vs. ^GSPC — Risk / Return Rank
ALUM.L
^GSPC
ALUM.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and S&P 500 Index (^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.
| ALUM.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.41 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 2.98 | +2.86 |
| Martin ratioReturn relative to average drawdown | 20.87 | 13.78 | +7.09 |
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
| ALUM.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.28 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.74 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.76 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.47 | -0.58 |
Drawdowns
ALUM.L vs. ^GSPC - Drawdown Comparison
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.
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Drawdown Indicators
| ALUM.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -56.78% | -20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.10% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -18.90% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -25.43% | -21.91% |
Max Drawdown (10Y)Largest decline over 10 years | -47.34% | -33.92% | -13.42% |
Current DrawdownCurrent decline from peak | -49.28% | -0.33% | -48.95% |
Average DrawdownAverage peak-to-trough decline | -58.59% | -10.72% | -47.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.97% | +0.51% |
Volatility
ALUM.L vs. ^GSPC - Volatility Comparison
WisdomTree Aluminium (ALUM.L) has a higher volatility of 6.12% compared to S&P 500 Index (^GSPC) at 2.88%. 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.
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Volatility by Period
| ALUM.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 2.88% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 9.00% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 11.89% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 16.90% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 18.06% | +1.95% |
Frequently Asked Questions
ALUM.L and ^GSPC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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