AMPS.L vs. 0GZD.DE
AMPS.L (WisdomTree Battery Metals) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds - AMPS.L tracks the WisdomTree Battery Metals Commodity while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 3 years, AMPS.L returned 5.47%/yr vs 12.67%/yr for 0GZD.DE. A 0.71 correlation means they provide meaningful diversification when combined. AMPS.L charges 0.45%/yr vs 1.20%/yr for 0GZD.DE.
Performance
AMPS.L vs. 0GZD.DE - Performance Comparison
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Different Trading Currencies
AMPS.L is traded in GBp, while 0GZD.DE is traded in EUR. To make them comparable, the 0GZD.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AMPS.L achieves a 16.22% return, which is significantly higher than 0GZD.DE's 11.14% return.
AMPS.L
- 1D
- -1.11%
- 1M
- 6.77%
- YTD
- 16.22%
- 6M
- 21.23%
- 1Y
- 34.60%
- 3Y*
- 5.47%
- 5Y*
- —
- 10Y*
- —
0GZD.DE
- 1D
- -1.41%
- 1M
- 5.34%
- YTD
- 11.14%
- 6M
- 15.75%
- 1Y
- 35.15%
- 3Y*
- 12.67%
- 5Y*
- 5.92%
- 10Y*
- —
AMPS.L vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMPS.L WisdomTree Battery Metals | 16.22% | 9.11% | 0.72% | -28.10% | 0.71% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 11.14% | 22.35% | 0.14% | -6.81% | -3.08% |
Correlation
The correlation between AMPS.L and 0GZD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.71 |
The correlation between AMPS.L and 0GZD.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
AMPS.L vs. 0GZD.DE — Risk / Return Rank
AMPS.L
0GZD.DE
AMPS.L vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Battery Metals (AMPS.L) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.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.
| AMPS.L | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 3.62 | +0.95 |
| Martin ratioReturn relative to average drawdown | 10.77 | 14.03 | -3.26 |
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
| AMPS.L | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.32 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.41 | -0.51 |
Drawdowns
AMPS.L vs. 0GZD.DE - Drawdown Comparison
The maximum AMPS.L drawdown since its inception was -35.07%, smaller than the maximum 0GZD.DE drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for AMPS.L and 0GZD.DE.
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Drawdown Indicators
| AMPS.L | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.07% | -38.28% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -9.67% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -17.18% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.28% | — |
Current DrawdownCurrent decline from peak | -10.77% | -5.06% | -5.71% |
Average DrawdownAverage peak-to-trough decline | -23.69% | -18.58% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.50% | +0.70% |
Volatility
AMPS.L vs. 0GZD.DE - Volatility Comparison
The current volatility for WisdomTree Battery Metals (AMPS.L) is 4.18%, while BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) has a volatility of 4.50%. This indicates that AMPS.L experiences smaller price fluctuations and is considered to be less risky than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMPS.L | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.50% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 12.27% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 15.06% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 19.40% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 18.43% | +1.06% |
AMPS.L vs. 0GZD.DE - Expense Ratio Comparison
AMPS.L has a 0.45% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
AMPS.L vs. 0GZD.DE - Dividend Comparison
Neither AMPS.L nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
AMPS.L and 0GZD.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMPS.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMPS.L is cheaper with a 0.45% expense ratio, compared with 1.20% for 0GZD.DE.
AMPS.L tracks WisdomTree Battery Metals Commodity, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.45% for AMPS.L and 1.20% for 0GZD.DE.
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