ZINC.L vs. GC=F

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Zinc (ZINC.L) and Gold (GC=F).

ZINC.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Zinc. It was launched on Sep 22, 2006.

Performance

ZINC.L vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Zinc (ZINC.L) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

ZINC.L vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZINC.L WisdomTree Zinc	6.66%	6.70%	13.11%	-9.01%	-11.08%	26.65%	15.73%	-0.07%	-22.41%	27.77%
GC=F Gold	10.61%	64.52%	27.48%	13.34%	-0.43%	-3.47%	24.59%	18.87%	-2.14%	13.59%

Returns By Period

In the year-to-date period, ZINC.L achieves a 6.66% return, which is significantly lower than GC=F's 10.61% return. Over the past 10 years, ZINC.L has underperformed GC=F with an annualized return of 7.40%, while GC=F has yielded a comparatively higher 14.62% annualized return.

ZINC.L

• 1D: 2.39%
• 1M: -0.33%
• YTD: 6.66%
• 6M: 13.57%
• 1Y: 22.25%
• 3Y*: 6.04%
• 5Y*: 5.59%
• 10Y*: 7.40%

GC=F

• 1D: 2.95%
• 1M: -9.63%
• YTD: 10.61%
• 6M: 23.71%
• 1Y: 53.41%
• 3Y*: 34.44%
• 5Y*: 22.61%
• 10Y*: 14.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ZINC.L vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZINC.L

ZINC.L Risk / Return Rank: 63
ZINC.L Sharpe Ratio Rank: 62
ZINC.L Sortino Ratio Rank: 64
ZINC.L Omega Ratio Rank: 48
ZINC.L Calmar Ratio Rank: 74
ZINC.L Martin Ratio Rank: 65

GC=F

GC=F Risk / Return Rank: 91
GC=F Sharpe Ratio Rank: 100
GC=F Sortino Ratio Rank: 100
GC=F Omega Ratio Rank: 94
GC=F Calmar Ratio Rank: 71
GC=F Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZINC.L vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Zinc (ZINC.L) and Gold (GC=F). 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.

	ZINC.L	GC=F	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.85	-0.69
Sortino ratio Return per unit of downside risk	1.72	2.26	-0.53
Omega ratio Gain probability vs. loss probability	1.20	1.34	-0.15
Calmar ratio Return relative to maximum drawdown	2.24	2.74	-0.49
Martin ratio Return relative to average drawdown	7.46	10.15	-2.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZINC.L vs. GC=F - Sharpe Ratio Comparison

The current ZINC.L Sharpe Ratio is 1.16, which is lower than the GC=F Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of ZINC.L and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZINC.L	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.85	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	1.25	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.89	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.64	-0.69

Correlation

The correlation between ZINC.L and GC=F is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ZINC.L vs. GC=F - Drawdown Comparison

The maximum ZINC.L drawdown since its inception was -77.49%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for ZINC.L and GC=F.

Drawdown Indicators

	ZINC.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-77.49%	-44.36%	-33.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-17.73%	+6.99%
Max Drawdown (5Y) Largest decline over 5 years	-47.04%	-20.43%	-26.61%
Max Drawdown (10Y) Largest decline over 10 years	-47.04%	-20.87%	-26.17%
Current Drawdown Current decline from peak	-41.97%	-10.04%	-31.93%
Average Drawdown Average peak-to-trough decline	-56.54%	-13.03%	-43.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	4.78%	-1.55%

Volatility

ZINC.L vs. GC=F - Volatility Comparison

The current volatility for WisdomTree Zinc (ZINC.L) is 6.61%, while Gold (GC=F) has a volatility of 11.29%. This indicates that ZINC.L experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZINC.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	11.29%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	14.19%	24.59%	-10.40%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	27.77%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	17.96%	+7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.09%	16.36%	+7.73%