NICK.L vs. AIGI.L
NICK.L (WisdomTree Nickel) and AIGI.L (WisdomTree Industrial Metals) are both Metals funds from WisdomTree - NICK.L tracks the Bloomberg Nickel while AIGI.L tracks the Bloomberg Industrial Metals. Both are passively managed. Over the past 10 years, NICK.L returned 6.28%/yr vs 8.39%/yr for AIGI.L. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
NICK.L vs. AIGI.L - Performance Comparison
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Returns By Period
In the year-to-date period, NICK.L achieves a 10.65% return, which is significantly lower than AIGI.L's 15.82% return. Over the past 10 years, NICK.L has underperformed AIGI.L with an annualized return of 6.28%, while AIGI.L has yielded a comparatively higher 8.39% annualized return.
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%
AIGI.L
- 1D
- -0.40%
- 1M
- 4.46%
- YTD
- 15.82%
- 6M
- 21.54%
- 1Y
- 32.92%
- 3Y*
- 13.33%
- 5Y*
- 5.83%
- 10Y*
- 8.39%
NICK.L vs. AIGI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NICK.L WisdomTree Nickel | 10.65% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | 32.82% | -14.50% | 18.74% |
AIGI.L WisdomTree Industrial Metals | 15.82% | 19.43% | 3.07% | -11.78% | -2.91% | 28.67% | 14.31% | 6.29% | -19.44% | 26.54% |
Correlation
The correlation between NICK.L and AIGI.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.66 |
The correlation between NICK.L and AIGI.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
NICK.L vs. AIGI.L — Risk / Return Rank
NICK.L
AIGI.L
NICK.L vs. AIGI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Nickel (NICK.L) and WisdomTree Industrial Metals (AIGI.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.
| NICK.L | AIGI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.56 | -0.74 |
| Martin ratioReturn relative to average drawdown | 3.88 | 6.42 | -2.54 |
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
| NICK.L | AIGI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.68 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.27 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.43 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.01 | -0.08 |
Drawdowns
NICK.L vs. AIGI.L - Drawdown Comparison
The maximum NICK.L drawdown since its inception was -87.80%, which is greater than AIGI.L's maximum drawdown of -69.67%. Use the drawdown chart below to compare losses from any high point for NICK.L and AIGI.L.
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Drawdown Indicators
| NICK.L | AIGI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.80% | -69.67% | -18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -12.83% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -20.72% | -20.10% |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | -41.99% | -29.84% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | -41.99% | -29.84% |
Current DrawdownCurrent decline from peak | -74.59% | -24.66% | -49.93% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -45.42% | -24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 5.11% | -0.31% |
Volatility
NICK.L vs. AIGI.L - Volatility Comparison
WisdomTree Nickel (NICK.L) has a higher volatility of 6.02% compared to WisdomTree Industrial Metals (AIGI.L) at 5.54%. This indicates that NICK.L's price experiences larger fluctuations and is considered to be riskier than AIGI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NICK.L | AIGI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.54% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 13.88% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 19.55% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.13% | 21.95% | +22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.48% | 19.49% | +16.99% |
NICK.L vs. AIGI.L - Expense Ratio Comparison
Both NICK.L and AIGI.L have an expense ratio of 0.49%.
Dividends
NICK.L vs. AIGI.L - Dividend Comparison
Neither NICK.L nor AIGI.L has paid dividends to shareholders.
Frequently Asked Questions
NICK.L and AIGI.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NICK.L and AIGI.L have the same expense ratio: 0.49% per year.
NICK.L tracks Bloomberg Nickel, while AIGI.L tracks Bloomberg Industrial Metals.
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