ALUM.L vs. B4NQ.DE
ALUM.L (WisdomTree Aluminium) and B4NQ.DE (BNPP Kupfer (TR) ETC) are both Metals funds - ALUM.L tracks the Bloomberg Aluminum while B4NQ.DE tracks the LME Copper Futures. Both are passively managed. Over the past 5 years, ALUM.L returned 7.40%/yr vs 8.92%/yr for B4NQ.DE. At a 0.49 correlation, their price movements are largely independent. ALUM.L charges 0.49%/yr vs 0.90%/yr for B4NQ.DE.
Performance
ALUM.L vs. B4NQ.DE - Performance Comparison
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Different Trading Currencies
ALUM.L is traded in USD, while B4NQ.DE is traded in EUR. To make them comparable, the B4NQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALUM.L achieves a 25.85% return, which is significantly higher than B4NQ.DE's 11.31% 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%
B4NQ.DE
- 1D
- 0.33%
- 1M
- 6.42%
- YTD
- 11.31%
- 6M
- 23.06%
- 1Y
- 46.84%
- 3Y*
- 20.23%
- 5Y*
- 8.92%
- 10Y*
- —
ALUM.L vs. B4NQ.DE - 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% | 15.58% |
B4NQ.DE BNPP Kupfer (TR) ETC | 11.31% | 44.12% | 4.83% | 3.13% | -10.31% | 24.06% | 24.63% | 4.20% | -17.53% | 27.70% |
Correlation
The correlation between ALUM.L and B4NQ.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.49 |
The correlation between ALUM.L and B4NQ.DE has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
ALUM.L vs. B4NQ.DE — Risk / Return Rank
ALUM.L
B4NQ.DE
ALUM.L vs. B4NQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and BNPP Kupfer (TR) ETC (B4NQ.DE). 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 | B4NQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 3.75 | +2.09 |
| Martin ratioReturn relative to average drawdown | 20.87 | 12.47 | +8.40 |
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 | B4NQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.09 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.40 | -0.07 |
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 | 0.53 | -0.64 |
Drawdowns
ALUM.L vs. B4NQ.DE - Drawdown Comparison
The maximum ALUM.L drawdown since its inception was -77.63%, which is greater than B4NQ.DE's maximum drawdown of -36.14%. Use the drawdown chart below to compare losses from any high point for ALUM.L and B4NQ.DE.
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Drawdown Indicators
| ALUM.L | B4NQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -36.14% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -12.43% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -22.21% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -32.86% | -14.48% |
Max Drawdown (10Y)Largest decline over 10 years | -47.34% | — | — |
Current DrawdownCurrent decline from peak | -49.28% | -1.47% | -47.81% |
Average DrawdownAverage peak-to-trough decline | -58.59% | -12.72% | -45.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.75% | -1.27% |
Volatility
ALUM.L vs. B4NQ.DE - Volatility Comparison
WisdomTree Aluminium (ALUM.L) and BNPP Kupfer (TR) ETC (B4NQ.DE) have volatilities of 6.12% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALUM.L | B4NQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 5.93% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 19.51% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 22.26% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 22.42% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 21.49% | -1.48% |
ALUM.L vs. B4NQ.DE - Expense Ratio Comparison
ALUM.L has a 0.49% expense ratio, which is lower than B4NQ.DE's 0.90% expense ratio.
Dividends
ALUM.L vs. B4NQ.DE - Dividend Comparison
Neither ALUM.L nor B4NQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ALUM.L and B4NQ.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALUM.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALUM.L is cheaper with a 0.49% expense ratio, compared with 0.90% for B4NQ.DE.
ALUM.L tracks Bloomberg Aluminum, while B4NQ.DE tracks LME Copper Futures. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.49% for ALUM.L and 0.90% for B4NQ.DE.
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