META.L vs. REMX.L
META.L (WisdomTree Industrial Metals Enhanced) and REMX.L (VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc)) are both Metals funds - META.L tracks the Optimised Roll Industrial Metals while REMX.L tracks the MVIS Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 3 years, META.L returned 7.96%/yr vs -5.20%/yr for REMX.L. At a 0.46 correlation, their price movements are largely independent. META.L charges 0.40%/yr vs 0.59%/yr for REMX.L.
Performance
META.L vs. REMX.L - Performance Comparison
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Returns By Period
In the year-to-date period, META.L achieves a 4.57% return, which is significantly higher than REMX.L's -2.56% return.
META.L
- 1D
- -0.75%
- 1M
- -3.53%
- 6M
- 1.54%
- YTD
- 4.57%
- 1Y
- 22.61%
- 3Y*
- 7.96%
- 5Y*
- 4.82%
- 10Y*
- —
REMX.L
- 1D
- -3.69%
- 1M
- -26.89%
- 6M
- -19.33%
- YTD
- -2.56%
- 1Y
- 49.63%
- 3Y*
- -5.20%
- 5Y*
- —
- 10Y*
- —
META.L vs. REMX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
META.L WisdomTree Industrial Metals Enhanced | 4.57% | 16.97% | 3.81% | -8.15% | -0.06% | 5.16% |
REMX.L VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) | -2.56% | 88.79% | -35.65% | -18.38% | -30.93% | 7.28% |
Correlation
The correlation between META.L and REMX.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.46 |
The correlation between META.L and REMX.L has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
META.L vs. REMX.L — Risk / Return Rank
META.L
REMX.L
META.L vs. REMX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (META.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| META.L | REMX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.42 | +1.12 |
| Martin ratioReturn relative to average drawdown | 6.84 | 4.46 | +2.38 |
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Drawdowns
META.L vs. REMX.L - Drawdown Comparison
The maximum META.L drawdown since its inception was -38.15%, smaller than the maximum REMX.L drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for META.L and REMX.L.
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Drawdown Indicators
| META.L | REMX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -73.21% | +35.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -34.86% | +25.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.21% | -60.13% | +39.92% |
Max Drawdown (5Y)Largest decline over 5 years | -38.15% | — | — |
Current DrawdownCurrent decline from peak | -13.61% | -41.93% | +28.32% |
Average DrawdownAverage peak-to-trough decline | -18.15% | -41.58% | +23.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 11.09% | -7.74% |
Volatility
META.L vs. REMX.L - Volatility Comparison
The current volatility for WisdomTree Industrial Metals Enhanced (META.L) is 4.87%, while VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.L) has a volatility of 11.57%. This indicates that META.L experiences smaller price fluctuations and is considered to be less risky than REMX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| META.L | REMX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 11.57% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 34.30% | -21.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 47.11% | -31.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 54.72% | -34.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 54.72% | -35.91% |
META.L vs. REMX.L - Expense Ratio Comparison
META.L has a 0.40% expense ratio, which is lower than REMX.L's 0.59% expense ratio.
Dividends
META.L vs. REMX.L - Dividend Comparison
Neither META.L nor REMX.L has paid dividends to shareholders.
Frequently Asked Questions
META.L and REMX.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, META.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
META.L is cheaper with a 0.40% expense ratio, compared with 0.59% for REMX.L.
META.L tracks Optimised Roll Industrial Metals, while REMX.L tracks MVIS Global Rare Earth/Strategic Metals Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.40% for META.L and 0.59% for REMX.L.
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