ALUM.L vs. SLVR.L
ALUM.L (WisdomTree Aluminium) and SLVR.L (WisdomTree Silver) are both exchange-traded funds - ALUM.L is a Metals fund tracking the Bloomberg Aluminum, while SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, ALUM.L returned 6.81%/yr vs 13.50%/yr for SLVR.L. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
ALUM.L vs. SLVR.L - 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 SLVR.L's 3.62% return. Over the past 10 years, ALUM.L has underperformed SLVR.L with an annualized return of 6.81%, while SLVR.L has yielded a comparatively higher 13.50% annualized 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%
SLVR.L
- 1D
- 0.43%
- 1M
- -0.02%
- YTD
- 3.62%
- 6M
- 28.48%
- 1Y
- 109.37%
- 3Y*
- 43.40%
- 5Y*
- 19.20%
- 10Y*
- 13.50%
ALUM.L vs. SLVR.L - 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% | 29.16% |
SLVR.L WisdomTree Silver | 3.62% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
Correlation
The correlation between ALUM.L and SLVR.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.30 |
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Return for Risk
ALUM.L vs. SLVR.L — Risk / Return Rank
ALUM.L
SLVR.L
ALUM.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) and WisdomTree Silver (SLVR.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.
| ALUM.L | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 2.67 | +3.17 |
| Martin ratioReturn relative to average drawdown | 20.87 | 5.81 | +15.05 |
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 | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.85 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.52 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.42 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.22 | -0.33 |
Drawdowns
ALUM.L vs. SLVR.L - Drawdown Comparison
The maximum ALUM.L drawdown since its inception was -77.63%, roughly equal to the maximum SLVR.L drawdown of -79.93%. Use the drawdown chart below to compare losses from any high point for ALUM.L and SLVR.L.
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Drawdown Indicators
| ALUM.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -79.93% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -40.74% | +31.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -40.74% | +20.11% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -40.74% | -6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -47.34% | -46.90% | -0.44% |
Current DrawdownCurrent decline from peak | -49.28% | -35.42% | -13.86% |
Average DrawdownAverage peak-to-trough decline | -58.59% | -49.43% | -9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 18.74% | -16.26% |
Volatility
ALUM.L vs. SLVR.L - Volatility Comparison
The current volatility for WisdomTree Aluminium (ALUM.L) is 6.12%, while WisdomTree Silver (SLVR.L) has a volatility of 17.68%. This indicates that ALUM.L experiences smaller price fluctuations and is considered to be less risky than SLVR.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 | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 17.68% | -11.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 56.07% | -40.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 58.81% | -40.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 36.80% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 31.95% | -11.94% |
ALUM.L vs. SLVR.L - Expense Ratio Comparison
Both ALUM.L and SLVR.L have an expense ratio of 0.49%.
Dividends
ALUM.L vs. SLVR.L - Dividend Comparison
Neither ALUM.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
ALUM.L and SLVR.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ALUM.L and SLVR.L have the same expense ratio: 0.49% per year.
ALUM.L is categorized as Metals, while SLVR.L is Silver. ALUM.L tracks Bloomberg Aluminum, while SLVR.L tracks Bloomberg Silver Subindex.
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