AIGI.L vs. COPA.L
AIGI.L (WisdomTree Industrial Metals) and COPA.L (WisdomTree Copper) are both Metals funds from WisdomTree - AIGI.L tracks the Bloomberg Industrial Metals while COPA.L tracks the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, AIGI.L returned 8.39%/yr vs 10.33%/yr for COPA.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
AIGI.L vs. COPA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIGI.L achieves a 15.82% return, which is significantly higher than COPA.L's 13.93% return. Over the past 10 years, AIGI.L has underperformed COPA.L with an annualized return of 8.39%, while COPA.L has yielded a comparatively higher 10.33% annualized return.
AIGI.L
- 1D
- -0.40%
- 1M
- 4.46%
- YTD
- 15.82%
- 6M
- 21.54%
- 1Y
- 32.92%
- 3Y*
- 13.33%
- 5Y*
- 5.83%
- 10Y*
- 8.39%
COPA.L
- 1D
- 0.27%
- 1M
- 9.03%
- YTD
- 13.93%
- 6M
- 21.07%
- 1Y
- 30.28%
- 3Y*
- 19.08%
- 5Y*
- 7.06%
- 10Y*
- 10.33%
AIGI.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGI.L WisdomTree Industrial Metals | 15.82% | 19.43% | 3.07% | -11.78% | -2.91% | 28.67% | 14.31% | 6.29% | -19.44% | 26.54% |
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
Correlation
The correlation between AIGI.L and COPA.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.80 |
The correlation between AIGI.L and COPA.L shifts across timeframes, from 0.80 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIGI.L vs. COPA.L — Risk / Return Rank
AIGI.L
COPA.L
AIGI.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals (AIGI.L) and WisdomTree Copper (COPA.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.
| AIGI.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.19 | +1.36 |
| Martin ratioReturn relative to average drawdown | 6.42 | 2.57 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AIGI.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.91 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.27 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.44 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.09 | -0.09 |
Drawdowns
AIGI.L vs. COPA.L - Drawdown Comparison
The maximum AIGI.L drawdown since its inception was -69.67%, roughly equal to the maximum COPA.L drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for AIGI.L and COPA.L.
Loading charts...
Drawdown Indicators
| AIGI.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.67% | -67.44% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -25.25% | +12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -25.25% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -41.99% | -34.64% | -7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | -38.75% | -3.24% |
Current DrawdownCurrent decline from peak | -24.66% | -2.26% | -22.40% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -33.24% | -12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 11.73% | -6.62% |
Volatility
AIGI.L vs. COPA.L - Volatility Comparison
The current volatility for WisdomTree Industrial Metals (AIGI.L) is 5.54%, while WisdomTree Copper (COPA.L) has a volatility of 8.83%. This indicates that AIGI.L experiences smaller price fluctuations and is considered to be less risky than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIGI.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 8.83% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 18.91% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 33.17% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 26.20% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 23.28% | -3.79% |
AIGI.L vs. COPA.L - Expense Ratio Comparison
Both AIGI.L and COPA.L have an expense ratio of 0.49%.
Dividends
AIGI.L vs. COPA.L - Dividend Comparison
Neither AIGI.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, AIGI.L and COPA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AIGI.L and COPA.L have the same expense ratio: 0.49% per year.
AIGI.L tracks Bloomberg Industrial Metals, while COPA.L tracks Bloomberg Copper Subindex.
Find the right allocation for AIGI.L and COPA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer