ZINC.L vs. META.L
Compare and contrast key facts about WisdomTree Zinc (ZINC.L) and WisdomTree Industrial Metals Enhanced (META.L).
ZINC.L and META.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZINC.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Zinc. It was launched on Sep 22, 2006. META.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Industrial Metals. It was launched on Feb 27, 2019. Both ZINC.L and META.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZINC.L vs. META.L - Performance Comparison
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ZINC.L vs. META.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZINC.L WisdomTree Zinc | 6.66% | 6.70% | 13.11% | -9.01% | 5.54% |
META.L WisdomTree Industrial Metals Enhanced | 1.36% | 16.98% | 3.79% | -8.15% | 16.29% |
Returns By Period
In the year-to-date period, ZINC.L achieves a 6.66% return, which is significantly higher than META.L's 1.36% 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%
META.L
- 1D
- 0.21%
- 1M
- -3.49%
- YTD
- 1.36%
- 6M
- 13.24%
- 1Y
- 16.80%
- 3Y*
- 4.74%
- 5Y*
- —
- 10Y*
- —
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ZINC.L vs. META.L - Expense Ratio Comparison
ZINC.L has a 0.49% expense ratio, which is higher than META.L's 0.40% expense ratio.
Return for Risk
ZINC.L vs. META.L — Risk / Return Rank
ZINC.L
META.L
ZINC.L vs. META.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Zinc (ZINC.L) and WisdomTree Industrial Metals Enhanced (META.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.
| ZINC.L | META.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.03 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.48 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.91 | +0.33 |
Martin ratioReturn relative to average drawdown | 7.46 | 6.72 | +0.73 |
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
| ZINC.L | META.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.03 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.43 | -0.48 |
Correlation
The correlation between ZINC.L and META.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZINC.L vs. META.L - Dividend Comparison
Neither ZINC.L nor META.L has paid dividends to shareholders.
Drawdowns
ZINC.L vs. META.L - Drawdown Comparison
The maximum ZINC.L drawdown since its inception was -77.49%, which is greater than META.L's maximum drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for ZINC.L and META.L.
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Drawdown Indicators
| ZINC.L | META.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.49% | -20.21% | -57.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -9.25% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.04% | — | — |
Current DrawdownCurrent decline from peak | -41.97% | -5.74% | -36.23% |
Average DrawdownAverage peak-to-trough decline | -56.54% | -10.31% | -46.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.56% | +0.67% |
Volatility
ZINC.L vs. META.L - Volatility Comparison
WisdomTree Zinc (ZINC.L) has a higher volatility of 6.61% compared to WisdomTree Industrial Metals Enhanced (META.L) at 5.41%. This indicates that ZINC.L's price experiences larger fluctuations and is considered to be riskier than META.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZINC.L | META.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 5.41% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 12.98% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 16.19% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 17.70% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 17.70% | +6.39% |