NICK.L vs. XRH0.L
NICK.L (WisdomTree Nickel) and XRH0.L (Xtrackers Physical Rhodium ETC) are both Metals funds - NICK.L tracks the Bloomberg Nickel while XRH0.L tracks the Rhodium. Both are passively managed. Over the past 10 years, NICK.L returned 6.61%/yr vs 29.83%/yr for XRH0.L. At a 0.08 correlation, their price movements are largely independent. NICK.L charges 0.49%/yr vs 0.95%/yr for XRH0.L.
Performance
NICK.L vs. XRH0.L - Performance Comparison
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Returns By Period
In the year-to-date period, NICK.L achieves a 11.81% return, which is significantly higher than XRH0.L's -15.94% return. Over the past 10 years, NICK.L has underperformed XRH0.L with an annualized return of 6.61%, while XRH0.L has yielded a comparatively higher 29.83% annualized return.
NICK.L
- 1D
- -1.98%
- 1M
- -3.03%
- YTD
- 11.81%
- 6M
- 25.29%
- 1Y
- 19.58%
- 3Y*
- -5.79%
- 5Y*
- -0.45%
- 10Y*
- 6.61%
XRH0.L
- 1D
- 0.79%
- 1M
- -2.53%
- YTD
- -15.94%
- 6M
- 8.45%
- 1Y
- 71.87%
- 3Y*
- 13.42%
- 5Y*
- -13.72%
- 10Y*
- 29.83%
NICK.L vs. XRH0.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NICK.L WisdomTree Nickel | 11.81% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | 32.82% | -14.50% | 18.74% |
XRH0.L Xtrackers Physical Rhodium ETC | -15.94% | 205.23% | -14.69% | -60.81% | -4.46% | -15.51% | 183.21% | 132.83% | 46.39% | 100.00% |
Correlation
The correlation between NICK.L and XRH0.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 26, 2011 | 0.08 |
The correlation between NICK.L and XRH0.L shifts across timeframes, from 0.08 (10 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NICK.L vs. XRH0.L — Risk / Return Rank
NICK.L
XRH0.L
NICK.L vs. XRH0.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Nickel (NICK.L) and Xtrackers Physical Rhodium ETC (XRH0.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 | XRH0.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.08 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.04 | +0.02 |
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 | XRH0.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.01 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.21 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.46 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.20 | -0.28 |
Drawdowns
NICK.L vs. XRH0.L - Drawdown Comparison
The maximum NICK.L drawdown since its inception was -87.80%, roughly equal to the maximum XRH0.L drawdown of -85.90%. Use the drawdown chart below to compare losses from any high point for NICK.L and XRH0.L.
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Drawdown Indicators
| NICK.L | XRH0.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.80% | -85.90% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -34.33% | +24.07% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -46.87% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | -82.47% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | -85.90% | +14.07% |
Current DrawdownCurrent decline from peak | -74.33% | -62.04% | -12.29% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -51.30% | -18.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 17.73% | -12.92% |
Volatility
NICK.L vs. XRH0.L - Volatility Comparison
The current volatility for WisdomTree Nickel (NICK.L) is 6.11%, while Xtrackers Physical Rhodium ETC (XRH0.L) has a volatility of 12.15%. This indicates that NICK.L experiences smaller price fluctuations and is considered to be less risky than XRH0.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 | XRH0.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 12.15% | -6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.95% | 52.73% | -29.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 71.08% | -46.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.13% | 64.08% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.48% | 64.26% | -27.78% |
NICK.L vs. XRH0.L - Expense Ratio Comparison
NICK.L has a 0.49% expense ratio, which is lower than XRH0.L's 0.95% expense ratio.
Dividends
NICK.L vs. XRH0.L - Dividend Comparison
Neither NICK.L nor XRH0.L has paid dividends to shareholders.
Frequently Asked Questions
NICK.L and XRH0.L have a correlation of 0.21, 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 0.95% for XRH0.L.
NICK.L tracks Bloomberg Nickel, while XRH0.L tracks Rhodium. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.49% for NICK.L and 0.95% for XRH0.L.
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