ALUM.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Aluminium (ALUM.L) and S&P 500 Index (^GSPC).

ALUM.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Aluminum. It was launched on Sep 22, 2006.

Performance

ALUM.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Aluminium (ALUM.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ALUM.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALUM.L WisdomTree Aluminium	20.18%	17.98%	4.62%	-4.48%	-15.92%	38.11%	1.95%	-3.12%	-18.30%	29.16%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ALUM.L achieves a 20.18% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, ALUM.L has underperformed ^GSPC with an annualized return of 6.33%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

ALUM.L

• 1D: 1.70%
• 1M: 12.26%
• YTD: 20.18%
• 6M: 33.16%
• 1Y: 43.39%
• 3Y*: 12.60%
• 5Y*: 8.22%
• 10Y*: 6.33%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ALUM.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALUM.L

ALUM.L Risk / Return Rank: 95
ALUM.L Sharpe Ratio Rank: 94
ALUM.L Sortino Ratio Rank: 96
ALUM.L Omega Ratio Rank: 92
ALUM.L Calmar Ratio Rank: 97
ALUM.L Martin Ratio Rank: 95

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	2.40	0.92	+1.48
Sortino ratio Return per unit of downside risk	3.30	1.41	+1.89
Omega ratio Gain probability vs. loss probability	1.41	1.21	+0.20
Calmar ratio Return relative to maximum drawdown	5.02	1.41	+3.60
Martin ratio Return relative to average drawdown	17.19	6.61	+10.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALUM.L vs. ^GSPC - Sharpe Ratio Comparison

The current ALUM.L Sharpe Ratio is 2.40, which is higher than the ^GSPC Sharpe Ratio of 0.92. 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.

Sharpe Ratios by Period

	ALUM.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	0.92	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.61	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.68	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.46	-0.58

Correlation

The correlation between ALUM.L and ^GSPC is 0.18, 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.

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.

Drawdown Indicators

	ALUM.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-77.63%	-56.78%	-20.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-12.14%	+3.28%
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 Drawdown Current decline from peak	-51.57%	-5.78%	-45.79%
Average Drawdown Average peak-to-trough decline	-58.67%	-10.75%	-47.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.60%	-0.02%

Volatility

ALUM.L vs. ^GSPC - Volatility Comparison

WisdomTree Aluminium (ALUM.L) has a higher volatility of 9.70% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	ALUM.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	5.37%	+4.33%
Volatility (6M) Calculated over the trailing 6-month period	14.55%	9.55%	+5.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	18.33%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	16.90%	+5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	18.05%	+1.91%