META.L vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Industrial Metals Enhanced (META.L) and Bitcoin (BTC-USD).

META.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Industrial Metals. It was launched on Feb 27, 2019.

Performance

META.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Industrial Metals Enhanced (META.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

META.L vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
META.L WisdomTree Industrial Metals Enhanced	1.36%	16.98%	3.79%	-8.15%	16.29%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-18.25%

Returns By Period

In the year-to-date period, META.L achieves a 1.36% return, which is significantly higher than BTC-USD's -21.63% return.

META.L

• 1D: 0.21%
• 1M: -3.49%
• YTD: 1.36%
• 6M: 13.24%
• 1Y: 16.80%
• 3Y*: 4.74%
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

META.L vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

META.L

META.L Risk / Return Rank: 57
META.L Sharpe Ratio Rank: 54
META.L Sortino Ratio Rank: 54
META.L Omega Ratio Rank: 47
META.L Calmar Ratio Rank: 68
META.L Martin Ratio Rank: 62

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

META.L vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (META.L) and Bitcoin (BTC-USD). 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.

	META.L	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.03	-0.44	+1.48
Sortino ratio Return per unit of downside risk	1.48	-0.38	+1.86
Omega ratio Gain probability vs. loss probability	1.19	0.96	+0.23
Calmar ratio Return relative to maximum drawdown	1.91	-1.11	+3.02
Martin ratio Return relative to average drawdown	6.72	-1.99	+8.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

META.L vs. BTC-USD - Sharpe Ratio Comparison

The current META.L Sharpe Ratio is 1.03, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of META.L and BTC-USD, 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

	META.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	-0.44	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.19	-0.76

Correlation

The correlation between META.L and BTC-USD is 0.16, 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

META.L vs. BTC-USD - Drawdown Comparison

The maximum META.L drawdown since its inception was -20.21%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for META.L and BTC-USD.

Drawdown Indicators

	META.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-85.30%	+65.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-49.65%	+40.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-5.74%	-45.02%	+39.28%
Average Drawdown Average peak-to-trough decline	-10.31%	-41.99%	+31.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	27.60%	-25.04%

Volatility

META.L vs. BTC-USD - Volatility Comparison

The current volatility for WisdomTree Industrial Metals Enhanced (META.L) is 5.41%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that META.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	META.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	13.58%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	35.98%	-23.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	36.76%	-20.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	46.90%	-29.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	56.70%	-39.00%