NICK.L vs. 0GZD.DE
NICK.L (WisdomTree Nickel) and 0GZD.DE (BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC) are both Metals funds - NICK.L tracks the Bloomberg Nickel while 0GZD.DE tracks the RICI Enhanced Industrial Metals (EUR Hedged). Both are passively managed. Over the past 5 years, NICK.L returned -0.66%/yr vs 4.76%/yr for 0GZD.DE. A 0.57 correlation means they provide meaningful diversification when combined. NICK.L charges 0.49%/yr vs 1.20%/yr for 0GZD.DE.
Performance
NICK.L vs. 0GZD.DE - Performance Comparison
Loading charts...
Different Trading Currencies
NICK.L is traded in USD, while 0GZD.DE is traded in EUR. To make them comparable, the 0GZD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with NICK.L having a 10.65% return and 0GZD.DE slightly lower at 10.55%.
NICK.L
- 1D
- -1.03%
- 1M
- -5.12%
- YTD
- 10.65%
- 6M
- 23.90%
- 1Y
- 18.75%
- 3Y*
- -5.71%
- 5Y*
- -0.66%
- 10Y*
- 6.28%
0GZD.DE
- 1D
- -0.14%
- 1M
- 2.96%
- YTD
- 10.55%
- 6M
- 16.23%
- 1Y
- 32.96%
- 3Y*
- 15.51%
- 5Y*
- 4.76%
- 10Y*
- —
NICK.L vs. 0GZD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NICK.L WisdomTree Nickel | 10.65% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | -8.50% |
0GZD.DE BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC | 10.55% | 31.30% | -1.28% | -1.91% | -8.30% | 14.50% | 22.01% | 1.38% |
Correlation
The correlation between NICK.L and 0GZD.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2019 | 0.57 |
The correlation between NICK.L and 0GZD.DE has been stable across timeframes, ranging from 0.56 to 0.60 - 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
NICK.L vs. 0GZD.DE — Risk / Return Rank
NICK.L
0GZD.DE
NICK.L vs. 0GZD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Nickel (NICK.L) and BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE). 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.
| NICK.L | 0GZD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.62 | -0.80 |
| Martin ratioReturn relative to average drawdown | 3.88 | 8.78 | -4.90 |
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
| NICK.L | 0GZD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.91 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.21 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.43 | -0.52 |
Drawdowns
NICK.L vs. 0GZD.DE - Drawdown Comparison
The maximum NICK.L drawdown since its inception was -87.80%, which is greater than 0GZD.DE's maximum drawdown of -47.05%. Use the drawdown chart below to compare losses from any high point for NICK.L and 0GZD.DE.
Loading charts...
Drawdown Indicators
| NICK.L | 0GZD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.80% | -47.05% | -40.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -12.53% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -16.74% | -24.08% |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | -47.05% | -24.78% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | — | — |
Current DrawdownCurrent decline from peak | -74.59% | -2.92% | -71.67% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -19.50% | -50.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 3.74% | +1.06% |
Volatility
NICK.L vs. 0GZD.DE - Volatility Comparison
WisdomTree Nickel (NICK.L) has a higher volatility of 6.02% compared to BNPP RICI Enhanced Industriemetalle (ER) EUR Hedge ETC (0GZD.DE) at 5.23%. This indicates that NICK.L's price experiences larger fluctuations and is considered to be riskier than 0GZD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NICK.L | 0GZD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.23% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 13.92% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 17.18% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.13% | 22.33% | +21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.48% | 21.25% | +15.23% |
NICK.L vs. 0GZD.DE - Expense Ratio Comparison
NICK.L has a 0.49% expense ratio, which is lower than 0GZD.DE's 1.20% expense ratio.
Dividends
NICK.L vs. 0GZD.DE - Dividend Comparison
Neither NICK.L nor 0GZD.DE has paid dividends to shareholders.
Frequently Asked Questions
NICK.L and 0GZD.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NICK.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NICK.L is cheaper with a 0.49% expense ratio, compared with 1.20% for 0GZD.DE.
NICK.L tracks Bloomberg Nickel, while 0GZD.DE tracks RICI Enhanced Industrial Metals (EUR Hedged). They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.49% for NICK.L and 1.20% for 0GZD.DE.
Find the right allocation for NICK.L and 0GZD.DE
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