WEAT.L vs. ZINC.L
WEAT.L (WisdomTree Wheat) and ZINC.L (WisdomTree Zinc) are both exchange-traded funds - WEAT.L is a Agricultural Commodities fund tracking the Bloomberg Wheat, while ZINC.L is a Metals fund tracking the Bloomberg Zinc. Both are passively managed. Over the past 10 years, WEAT.L returned -8.08%/yr vs 7.37%/yr for ZINC.L. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
WEAT.L vs. ZINC.L - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT.L achieves a 11.66% return, which is significantly lower than ZINC.L's 15.82% return. Over the past 10 years, WEAT.L has underperformed ZINC.L with an annualized return of -8.08%, while ZINC.L has yielded a comparatively higher 7.37% annualized return.
WEAT.L
- 1D
- -1.58%
- 1M
- -7.12%
- YTD
- 11.66%
- 6M
- 5.25%
- 1Y
- -2.03%
- 3Y*
- -11.71%
- 5Y*
- -11.44%
- 10Y*
- -8.08%
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%
WEAT.L vs. ZINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT.L WisdomTree Wheat | 11.66% | -17.67% | -20.50% | -25.55% | -7.13% | 14.05% | 9.10% | 6.89% | 3.27% | -13.04% |
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 WEAT.L and ZINC.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2006 | 0.12 |
The correlation between WEAT.L and ZINC.L shifts across timeframes, from 0.02 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT.L vs. ZINC.L — Risk / Return Rank
WEAT.L
ZINC.L
WEAT.L vs. ZINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Wheat (WEAT.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.
| WEAT.L | ZINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.60 | -3.70 |
| Martin ratioReturn relative to average drawdown | -0.17 | 13.28 | -13.45 |
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
| WEAT.L | ZINC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.12 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.23 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.31 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.03 | -0.26 |
Drawdowns
WEAT.L vs. ZINC.L - Drawdown Comparison
The maximum WEAT.L drawdown since its inception was -94.69%, 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 WEAT.L and ZINC.L.
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Drawdown Indicators
| WEAT.L | ZINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.69% | -77.49% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -10.74% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -49.17% | -19.66% | -29.51% |
Max Drawdown (5Y)Largest decline over 5 years | -73.81% | -47.04% | -26.77% |
Max Drawdown (10Y)Largest decline over 10 years | -73.81% | -47.04% | -26.77% |
Current DrawdownCurrent decline from peak | -94.04% | -36.98% | -57.06% |
Average DrawdownAverage peak-to-trough decline | -77.33% | -56.38% | -20.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 2.90% | +9.04% |
Volatility
WEAT.L vs. ZINC.L - Volatility Comparison
WisdomTree Wheat (WEAT.L) has a higher volatility of 10.97% compared to WisdomTree Zinc (ZINC.L) at 4.90%. This indicates that WEAT.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
| WEAT.L | ZINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 4.90% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 14.12% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 18.26% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.56% | 25.18% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 23.98% | +4.80% |
WEAT.L vs. ZINC.L - Expense Ratio Comparison
Both WEAT.L and ZINC.L have an expense ratio of 0.49%.
Dividends
WEAT.L vs. ZINC.L - Dividend Comparison
Neither WEAT.L nor ZINC.L has paid dividends to shareholders.
Frequently Asked Questions
WEAT.L and ZINC.L have a correlation of 0.02, 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.
WEAT.L and ZINC.L have the same expense ratio: 0.49% per year.
WEAT.L is categorized as Agricultural Commodities, while ZINC.L is Metals. WEAT.L tracks Bloomberg Wheat, while ZINC.L tracks Bloomberg Zinc.
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