META.L vs. BTC-USD

Last updated Jun 5, 2026

META.L (WisdomTree Industrial Metals Enhanced) is Metals fund tracking the Optimised Roll Industrial Metals, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, META.L returned 11.40%/yr vs 35.01%/yr for BTC-USD. At a 0.16 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, META.L achieves a 10.73% return, which is significantly higher than BTC-USD's -27.60% return.

META.L

• 1D: -0.30%
• 1M: 3.62%
• YTD: 10.73%
• 6M: 17.26%
• 1Y: 30.93%
• 3Y*: 11.40%
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -1.08%
• 1M: -21.71%
• YTD: -27.60%
• 6M: -31.22%
• 1Y: -39.53%
• 3Y*: 35.01%
• 5Y*: 12.25%
• 10Y*: 59.71%

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

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

	2026 (YTD)	2025	2024	2023	2022
META.L WisdomTree Industrial Metals Enhanced	10.73%	16.98%	3.79%	-8.15%	16.29%
BTC-USD Bitcoin	-27.60%	-6.27%	120.76%	155.82%	-18.25%

Correlation

The correlation between META.L and BTC-USD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.16

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: 63
META.L Sharpe Ratio Rank: 61
META.L Sortino Ratio Rank: 60
META.L Omega Ratio Rank: 59
META.L Calmar Ratio Rank: 70
META.L Martin Ratio Rank: 67

BTC-USD

BTC-USD Risk / Return Rank: 30
BTC-USD Sharpe Ratio Rank: 16
BTC-USD Sortino Ratio Rank: 34
BTC-USD Omega Ratio Rank: 32
BTC-USD Calmar Ratio Rank: 48
BTC-USD Martin Ratio Rank: 21

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	2.02	-0.92	+2.95
Sortino ratio: Return per unit of downside risk	2.78	-1.29	+4.07
Omega ratio: Gain probability vs. loss probability	1.36	0.87	+0.49
Calmar ratio: Return relative to maximum drawdown	3.42	-0.80	+4.21
Martin ratio: Return relative to average drawdown	12.10	-1.39	+13.49
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 2.02, which is higher than the BTC-USD Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of META.L and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	META.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	-0.92	+2.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.13	-0.57

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	-9.01%	-49.65%	+40.64%
Max Drawdown (3Y) Largest decline over 3 years	-20.21%	-49.65%	+29.44%
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	-1.41%	-49.21%	+47.80%
Average Drawdown Average peak-to-trough decline	-9.94%	-42.28%	+32.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	33.87%	-31.32%

Volatility

META.L vs. BTC-USD - Volatility Comparison

The current volatility for WisdomTree Industrial Metals Enhanced (META.L) is 4.42%, while Bitcoin (BTC-USD) has a volatility of 10.14%. 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	4.42%	10.14%	-5.72%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	34.17%	-21.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	35.51%	-20.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	44.98%	-27.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	56.69%	-39.15%

Frequently Asked Questions

Can I hold both META.L and BTC-USD in my portfolio?

META.L and BTC-USD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.