ALUM.L vs. GC=F

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Aluminium (ALUM.L) and Gold (GC=F).

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. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Aluminium (ALUM.L) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

ALUM.L vs. GC=F - 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%
GC=F Gold	10.61%	64.52%	27.48%	13.34%	-0.43%	-3.47%	24.59%	18.87%	-2.14%	13.59%

Returns By Period

In the year-to-date period, ALUM.L achieves a 20.18% return, which is significantly higher than GC=F's 10.61% return. Over the past 10 years, ALUM.L has underperformed GC=F with an annualized return of 6.33%, while GC=F has yielded a comparatively higher 14.62% 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%

GC=F

• 1D: 2.95%
• 1M: -9.63%
• YTD: 10.61%
• 6M: 23.71%
• 1Y: 53.41%
• 3Y*: 34.44%
• 5Y*: 22.61%
• 10Y*: 14.62%

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

Return for Risk

ALUM.L vs. GC=F — 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

GC=F

GC=F Risk / Return Rank: 91
GC=F Sharpe Ratio Rank: 100
GC=F Sortino Ratio Rank: 100
GC=F Omega Ratio Rank: 94
GC=F Calmar Ratio Rank: 71
GC=F Martin Ratio Rank: 92

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. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and Gold (GC=F). 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	GC=F	Difference
Sharpe ratio Return per unit of total volatility	2.40	1.85	+0.55
Sortino ratio Return per unit of downside risk	3.30	2.26	+1.05
Omega ratio Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio Return relative to maximum drawdown	5.02	2.74	+2.28
Martin ratio Return relative to average drawdown	17.19	10.15	+7.04
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. GC=F - Sharpe Ratio Comparison

The current ALUM.L Sharpe Ratio is 2.40, which is comparable to the GC=F Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of ALUM.L and GC=F, 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	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.85	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	1.25	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.89	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.64	-0.76

Correlation

The correlation between ALUM.L and GC=F 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. GC=F - Drawdown Comparison

The maximum ALUM.L drawdown since its inception was -77.63%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for ALUM.L and GC=F.

Drawdown Indicators

	ALUM.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-77.63%	-44.36%	-33.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-17.73%	+8.87%
Max Drawdown (5Y) Largest decline over 5 years	-47.34%	-20.43%	-26.91%
Max Drawdown (10Y) Largest decline over 10 years	-47.34%	-20.87%	-26.47%
Current Drawdown Current decline from peak	-51.57%	-10.04%	-41.53%
Average Drawdown Average peak-to-trough decline	-58.67%	-13.03%	-45.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	4.78%	-2.20%

Volatility

ALUM.L vs. GC=F - Volatility Comparison

The current volatility for WisdomTree Aluminium (ALUM.L) is 9.70%, while Gold (GC=F) has a volatility of 11.29%. This indicates that ALUM.L experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALUM.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	11.29%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	14.55%	24.59%	-10.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	27.77%	-9.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	17.96%	+4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	16.36%	+3.60%