ZINC.L vs. SUGA.L
ZINC.L (WisdomTree Zinc) and SUGA.L (WisdomTree Sugar) are both exchange-traded funds - ZINC.L is a Metals fund tracking the Bloomberg Zinc, while SUGA.L is a Agricultural Commodities fund tracking the Bloomberg Sugar. Both are passively managed. Over the past 10 years, ZINC.L returned 7.37%/yr vs -2.92%/yr for SUGA.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
ZINC.L vs. SUGA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ZINC.L achieves a 15.82% return, which is significantly higher than SUGA.L's -3.17% return. Over the past 10 years, ZINC.L has outperformed SUGA.L with an annualized return of 7.37%, while SUGA.L has yielded a comparatively lower -2.92% annualized return.
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%
SUGA.L
- 1D
- -0.86%
- 1M
- -7.18%
- YTD
- -3.17%
- 6M
- -2.16%
- 1Y
- -17.30%
- 3Y*
- -11.77%
- 5Y*
- 1.18%
- 10Y*
- -2.92%
ZINC.L vs. SUGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZINC.L WisdomTree Zinc | 15.82% | 6.70% | 13.11% | -9.01% | -11.08% | 26.65% | 15.73% | -0.07% | -22.41% | 27.77% |
SUGA.L WisdomTree Sugar | -3.17% | -17.47% | -5.25% | 23.23% | 11.54% | 23.41% | 6.59% | -0.53% | -24.60% | -27.09% |
Correlation
The correlation between ZINC.L and SUGA.L is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2006 | 0.14 |
The correlation between ZINC.L and SUGA.L shifts across timeframes, from -0.08 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZINC.L vs. SUGA.L — Risk / Return Rank
ZINC.L
SUGA.L
ZINC.L vs. SUGA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Zinc (ZINC.L) and WisdomTree Sugar (SUGA.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 | SUGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.90 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | -0.79 | +4.39 |
| Martin ratioReturn relative to average drawdown | 13.28 | -1.31 | +14.59 |
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 | SUGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | -0.70 | +2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.05 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | -0.11 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.10 | +0.07 |
Drawdowns
ZINC.L vs. SUGA.L - Drawdown Comparison
The maximum ZINC.L drawdown since its inception was -77.49%, smaller than the maximum SUGA.L drawdown of -83.65%. Use the drawdown chart below to compare losses from any high point for ZINC.L and SUGA.L.
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Drawdown Indicators
| ZINC.L | SUGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.49% | -83.65% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -21.69% | +10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.66% | -43.76% | +24.10% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | -43.76% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -47.04% | -67.83% | +20.79% |
Current DrawdownCurrent decline from peak | -36.98% | -68.67% | +31.69% |
Average DrawdownAverage peak-to-trough decline | -56.38% | -51.34% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 13.20% | -10.30% |
Volatility
ZINC.L vs. SUGA.L - Volatility Comparison
The current volatility for WisdomTree Zinc (ZINC.L) is 4.90%, while WisdomTree Sugar (SUGA.L) has a volatility of 8.76%. This indicates that ZINC.L experiences smaller price fluctuations and is considered to be less risky than SUGA.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 | SUGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 8.76% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 18.33% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 24.70% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 25.12% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.98% | 25.90% | -1.92% |
ZINC.L vs. SUGA.L - Expense Ratio Comparison
Both ZINC.L and SUGA.L have an expense ratio of 0.49%.
Dividends
ZINC.L vs. SUGA.L - Dividend Comparison
Neither ZINC.L nor SUGA.L has paid dividends to shareholders.
Frequently Asked Questions
ZINC.L and SUGA.L have a correlation of -0.08, 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.
ZINC.L and SUGA.L have the same expense ratio: 0.49% per year.
ZINC.L is categorized as Metals, while SUGA.L is Agricultural Commodities. ZINC.L tracks Bloomberg Zinc, while SUGA.L tracks Bloomberg Sugar.
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