NICK.L vs. ZINC.L
NICK.L (WisdomTree Nickel) and ZINC.L (WisdomTree Zinc) are both Metals funds from WisdomTree - NICK.L tracks the Bloomberg Nickel while ZINC.L tracks the Bloomberg Zinc. Both are passively managed. Over the past 10 years, NICK.L returned 6.28%/yr vs 7.37%/yr for ZINC.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
NICK.L vs. ZINC.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 ZINC.L's 15.82% return. Over the past 10 years, NICK.L has underperformed ZINC.L with an annualized return of 6.28%, while ZINC.L has yielded a comparatively higher 7.37% 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%
ZINC.L
- 1D
- -0.57%
- 1M
- 6.40%
- YTD
- 15.82%
- 6M
- 17.29%
- 1Y
- 38.82%
- 3Y*
- 17.84%
- 5Y*
- 5.86%
- 10Y*
- 7.37%
NICK.L vs. ZINC.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% |
ZINC.L WisdomTree Zinc | 15.82% | 6.70% | 13.11% | -9.01% | -11.08% | 26.65% | 15.73% | -0.07% | -22.41% | 27.77% |
Correlation
The correlation between NICK.L and ZINC.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.45 |
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Return for Risk
NICK.L vs. ZINC.L — Risk / Return Rank
NICK.L
ZINC.L
NICK.L vs. ZINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Nickel (NICK.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.
| NICK.L | ZINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.60 | -1.78 |
| Martin ratioReturn relative to average drawdown | 3.88 | 13.28 | -9.40 |
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 | ZINC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 2.12 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.23 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.31 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.03 | -0.05 |
Drawdowns
NICK.L vs. ZINC.L - Drawdown Comparison
The maximum NICK.L drawdown since its inception was -87.80%, which is greater than ZINC.L's maximum drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for NICK.L and ZINC.L.
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Drawdown Indicators
| NICK.L | ZINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.80% | -77.49% | -10.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -10.74% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -19.66% | -21.16% |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | -47.04% | -24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | -47.04% | -24.79% |
Current DrawdownCurrent decline from peak | -74.59% | -36.98% | -37.61% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -56.38% | -13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 2.90% | +1.90% |
Volatility
NICK.L vs. ZINC.L - Volatility Comparison
WisdomTree Nickel (NICK.L) has a higher volatility of 6.02% compared to WisdomTree Zinc (ZINC.L) at 4.90%. This indicates that NICK.L's price experiences larger fluctuations and is considered to be riskier 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
| NICK.L | ZINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.90% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 14.12% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 18.26% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.13% | 25.18% | +18.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.48% | 23.98% | +12.50% |
NICK.L vs. ZINC.L - Expense Ratio Comparison
Both NICK.L and ZINC.L have an expense ratio of 0.49%.
Dividends
NICK.L vs. ZINC.L - Dividend Comparison
Neither NICK.L nor ZINC.L has paid dividends to shareholders.
Frequently Asked Questions
NICK.L and ZINC.L have a correlation of 0.38, 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 ZINC.L have the same expense ratio: 0.49% per year.
NICK.L tracks Bloomberg Nickel, while ZINC.L tracks Bloomberg Zinc.
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