AMPS.L vs. ZINC.L
AMPS.L (WisdomTree Battery Metals) and ZINC.L (WisdomTree Zinc) are both Metals funds from WisdomTree - AMPS.L tracks the WisdomTree Battery Metals Commodity while ZINC.L tracks the Bloomberg Zinc. Both are passively managed. Over the past 3 years, AMPS.L returned 5.47%/yr vs 14.87%/yr for ZINC.L. A 0.65 correlation means they provide meaningful diversification when combined. AMPS.L charges 0.45%/yr vs 0.49%/yr for ZINC.L.
Performance
AMPS.L vs. ZINC.L - Performance Comparison
Loading charts...
Different Trading Currencies
AMPS.L is traded in GBp, while ZINC.L is traded in USD. To make them comparable, the ZINC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with AMPS.L having a 16.22% return and ZINC.L slightly higher at 16.92%.
AMPS.L
- 1D
- -1.11%
- 1M
- 6.77%
- YTD
- 16.22%
- 6M
- 21.23%
- 1Y
- 34.60%
- 3Y*
- 5.47%
- 5Y*
- —
- 10Y*
- —
ZINC.L
- 1D
- -0.58%
- 1M
- 8.53%
- YTD
- 16.92%
- 6M
- 18.34%
- 1Y
- 40.25%
- 3Y*
- 14.87%
- 5Y*
- 7.11%
- 10Y*
- 8.46%
AMPS.L vs. ZINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMPS.L WisdomTree Battery Metals | 16.22% | 9.11% | 0.72% | -28.10% | 0.71% |
ZINC.L WisdomTree Zinc | 16.92% | -0.90% | 15.08% | -13.56% | -11.00% |
Correlation
The correlation between AMPS.L and ZINC.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.65 |
The correlation between AMPS.L and ZINC.L has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMPS.L vs. ZINC.L — Risk / Return Rank
AMPS.L
ZINC.L
AMPS.L vs. ZINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Battery Metals (AMPS.L) and WisdomTree Zinc (ZINC.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.
| AMPS.L | ZINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 4.44 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.77 | 16.78 | -6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AMPS.L | ZINC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.19 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.04 | -0.14 |
Drawdowns
AMPS.L vs. ZINC.L - Drawdown Comparison
The maximum AMPS.L drawdown since its inception was -35.07%, smaller than the maximum ZINC.L drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for AMPS.L and ZINC.L.
Loading charts...
Drawdown Indicators
| AMPS.L | ZINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.07% | -63.23% | +28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -9.03% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -23.08% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.66% | — |
Current DrawdownCurrent decline from peak | -10.77% | -13.63% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -23.69% | -33.41% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.38% | +0.82% |
Volatility
AMPS.L vs. ZINC.L - Volatility Comparison
The current volatility for WisdomTree Battery Metals (AMPS.L) is 4.18%, while WisdomTree Zinc (ZINC.L) has a volatility of 5.50%. This indicates that AMPS.L experiences smaller price fluctuations and is considered to be less risky than ZINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMPS.L | ZINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 5.50% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 14.37% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 18.33% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 24.32% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 24.05% | -4.56% |
AMPS.L vs. ZINC.L - Expense Ratio Comparison
AMPS.L has a 0.45% expense ratio, which is lower than ZINC.L's 0.49% expense ratio.
Dividends
AMPS.L vs. ZINC.L - Dividend Comparison
Neither AMPS.L nor ZINC.L has paid dividends to shareholders.
Frequently Asked Questions
AMPS.L and ZINC.L have a correlation of 0.69, 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 0.49% for ZINC.L.
AMPS.L tracks WisdomTree Battery Metals Commodity, while ZINC.L tracks Bloomberg Zinc. Their fees differ too: 0.45% for AMPS.L and 0.49% for ZINC.L.
Find the right allocation for AMPS.L and ZINC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer