ALUM.L vs. REMX.L
ALUM.L (WisdomTree Aluminium) and REMX.L (VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc)) are both Metals funds - ALUM.L tracks the Bloomberg Aluminum while REMX.L tracks the MVIS Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 3 years, ALUM.L returned 12.42%/yr vs -5.20%/yr for REMX.L. At a 0.34 correlation, their price movements are largely independent. ALUM.L charges 0.49%/yr vs 0.59%/yr for REMX.L.
Performance
ALUM.L vs. REMX.L - Performance Comparison
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Returns By Period
In the year-to-date period, ALUM.L achieves a 8.21% return, which is significantly higher than REMX.L's -2.56% return.
ALUM.L
- 1D
- -1.17%
- 1M
- -7.46%
- 6M
- 2.93%
- YTD
- 8.21%
- 1Y
- 25.60%
- 3Y*
- 12.42%
- 5Y*
- 3.85%
- 10Y*
- 4.57%
REMX.L
- 1D
- -3.69%
- 1M
- -26.89%
- 6M
- -19.33%
- YTD
- -2.56%
- 1Y
- 49.63%
- 3Y*
- -5.20%
- 5Y*
- —
- 10Y*
- —
ALUM.L vs. REMX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALUM.L WisdomTree Aluminium | 8.21% | 18.18% | 4.43% | -4.42% | -15.92% | -4.57% |
REMX.L VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) | -2.56% | 88.79% | -35.65% | -18.38% | -30.93% | 7.28% |
Correlation
The correlation between ALUM.L and REMX.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.34 |
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Return for Risk
ALUM.L vs. REMX.L — Risk / Return Rank
ALUM.L
REMX.L
ALUM.L vs. REMX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALUM.L | REMX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.42 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.70 | 4.46 | +0.24 |
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Drawdowns
ALUM.L vs. REMX.L - Drawdown Comparison
The maximum ALUM.L drawdown since its inception was -77.63%, which is greater than REMX.L's maximum drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for ALUM.L and REMX.L.
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Drawdown Indicators
| ALUM.L | REMX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -73.21% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -34.86% | +16.97% |
Max Drawdown (3Y)Largest decline over 3 years | -20.60% | -60.13% | +39.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.28% | — | — |
Current DrawdownCurrent decline from peak | -56.37% | -41.93% | -14.44% |
Average DrawdownAverage peak-to-trough decline | -59.87% | -41.58% | -18.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 11.09% | -5.66% |
Volatility
ALUM.L vs. REMX.L - Volatility Comparison
The current volatility for WisdomTree Aluminium (ALUM.L) is 7.50%, while VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.L) has a volatility of 11.57%. This indicates that ALUM.L experiences smaller price fluctuations and is considered to be less risky than REMX.L 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 | REMX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 11.57% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.89% | 34.30% | -16.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 47.11% | -26.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 54.72% | -31.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 54.72% | -32.55% |
ALUM.L vs. REMX.L - Expense Ratio Comparison
ALUM.L has a 0.49% expense ratio, which is lower than REMX.L's 0.59% expense ratio.
Dividends
ALUM.L vs. REMX.L - Dividend Comparison
Neither ALUM.L nor REMX.L has paid dividends to shareholders.
Frequently Asked Questions
ALUM.L and REMX.L have a correlation of 0.30, 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 0.59% for REMX.L.
ALUM.L tracks Bloomberg Aluminum, while REMX.L tracks MVIS Global Rare Earth/Strategic Metals Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.49% for ALUM.L and 0.59% for REMX.L.
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