ALUM.L vs. APP
ALUM.L (WisdomTree Aluminium) is Metals fund tracking the Bloomberg Aluminum, while APP (AppLovin Corporation) is a stock. Over the past 5 years, ALUM.L returned 7.40%/yr vs 49.69%/yr for APP. At a 0.13 correlation, their price movements are largely independent.
Performance
ALUM.L vs. APP - 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 APP's -17.06% 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%
APP
- 1D
- -2.10%
- 1M
- 16.89%
- YTD
- -17.06%
- 6M
- -18.27%
- 1Y
- 34.18%
- 3Y*
- 179.48%
- 5Y*
- 49.69%
- 10Y*
- —
ALUM.L vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALUM.L WisdomTree Aluminium | 25.85% | 17.98% | 4.62% | -4.48% | -15.92% | 18.86% |
APP AppLovin Corporation | -17.06% | 108.08% | 712.62% | 278.44% | -88.83% | 44.57% |
Correlation
The correlation between ALUM.L and APP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.13 |
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Return for Risk
ALUM.L vs. APP — Risk / Return Rank
ALUM.L
APP
ALUM.L vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and AppLovin Corporation (APP). 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 | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.14 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 0.69 | +5.16 |
| Martin ratioReturn relative to average drawdown | 20.87 | 1.36 | +19.51 |
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 | APP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 0.49 | +2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.64 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.67 | -0.78 |
Drawdowns
ALUM.L vs. APP - Drawdown Comparison
The maximum ALUM.L drawdown since its inception was -77.63%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for ALUM.L and APP.
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Drawdown Indicators
| ALUM.L | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -91.90% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -49.99% | +41.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -57.00% | +36.37% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -91.90% | +44.56% |
Max Drawdown (10Y)Largest decline over 10 years | -47.34% | — | — |
Current DrawdownCurrent decline from peak | -49.28% | -23.82% | -25.46% |
Average DrawdownAverage peak-to-trough decline | -58.59% | -42.49% | -16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 25.21% | -22.73% |
Volatility
ALUM.L vs. APP - Volatility Comparison
The current volatility for WisdomTree Aluminium (ALUM.L) is 6.12%, while AppLovin Corporation (APP) has a volatility of 21.29%. This indicates that ALUM.L experiences smaller price fluctuations and is considered to be less risky than APP 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 | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 21.29% | -15.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 58.34% | -42.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 70.85% | -52.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 77.75% | -54.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 77.53% | -57.52% |
Dividends
ALUM.L vs. APP - Dividend Comparison
Neither ALUM.L nor APP has paid dividends to shareholders.
Frequently Asked Questions
ALUM.L and APP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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