META.L vs. ZINC.L
META.L (WisdomTree Industrial Metals Enhanced) and ZINC.L (WisdomTree Zinc) are both Metals funds from WisdomTree - META.L tracks the Optimised Roll Industrial Metals while ZINC.L tracks the Bloomberg Zinc. Both are passively managed. Over the past 3 years, META.L returned 11.40%/yr vs 17.79%/yr for ZINC.L. A 0.78 correlation means they provide meaningful diversification when combined. META.L charges 0.40%/yr vs 0.49%/yr for ZINC.L.
Performance
META.L vs. ZINC.L - Performance Comparison
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Returns By Period
In the year-to-date period, META.L achieves a 10.73% return, which is significantly lower than ZINC.L's 16.49% return.
META.L
- 1D
- -0.30%
- 1M
- 3.62%
- YTD
- 10.73%
- 6M
- 17.26%
- 1Y
- 30.93%
- 3Y*
- 11.40%
- 5Y*
- —
- 10Y*
- —
ZINC.L
- 1D
- -0.85%
- 1M
- 7.33%
- YTD
- 16.49%
- 6M
- 18.96%
- 1Y
- 39.28%
- 3Y*
- 17.79%
- 5Y*
- 5.98%
- 10Y*
- 7.61%
META.L vs. ZINC.L - 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% |
ZINC.L WisdomTree Zinc | 16.49% | 6.70% | 13.11% | -9.01% | 5.54% |
Correlation
The correlation between META.L and ZINC.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.78 |
The correlation between META.L and ZINC.L has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
META.L vs. ZINC.L — Risk / Return Rank
META.L
ZINC.L
META.L vs. ZINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (META.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.
| META.L | ZINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.64 | -0.22 |
| Martin ratioReturn relative to average drawdown | 12.10 | 13.40 | -1.31 |
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
| META.L | ZINC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.14 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.03 | +0.59 |
Drawdowns
META.L vs. ZINC.L - Drawdown Comparison
The maximum META.L drawdown since its inception was -20.21%, smaller than the maximum ZINC.L drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for META.L and ZINC.L.
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Drawdown Indicators
| META.L | ZINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.21% | -77.49% | +57.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -10.74% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.21% | -19.66% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.04% | — |
Current DrawdownCurrent decline from peak | -1.41% | -36.62% | +35.21% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -56.39% | +46.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.91% | -0.36% |
Volatility
META.L vs. ZINC.L - Volatility Comparison
The current volatility for WisdomTree Industrial Metals Enhanced (META.L) is 4.42%, while WisdomTree Zinc (ZINC.L) has a volatility of 4.81%. This indicates that META.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.
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Volatility by Period
| META.L | ZINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.81% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 14.24% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 18.25% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 25.18% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 23.99% | -6.45% |
META.L vs. ZINC.L - Expense Ratio Comparison
META.L has a 0.40% expense ratio, which is lower than ZINC.L's 0.49% expense ratio.
Dividends
META.L vs. ZINC.L - Dividend Comparison
Neither META.L nor ZINC.L has paid dividends to shareholders.
Frequently Asked Questions
META.L and ZINC.L have a correlation of 0.71, 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 0.49% for ZINC.L.
META.L tracks Optimised Roll Industrial Metals, while ZINC.L tracks Bloomberg Zinc. Their fees differ too: 0.40% for META.L and 0.49% for ZINC.L.
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