AIGP.L vs. COPA.L
AIGP.L (WisdomTree Precious Metals) and COPA.L (WisdomTree Copper) are both exchange-traded funds - AIGP.L is a Precious Metals fund tracking the Bloomberg Precious Metals, while COPA.L is a Metals fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, AIGP.L returned 12.03%/yr vs 10.33%/yr for COPA.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
AIGP.L vs. COPA.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIGP.L achieves a 4.36% return, which is significantly lower than COPA.L's 13.93% return. Over the past 10 years, AIGP.L has outperformed COPA.L with an annualized return of 12.03%, while COPA.L has yielded a comparatively lower 10.33% annualized return.
AIGP.L
- 1D
- 0.43%
- 1M
- -4.92%
- YTD
- 4.36%
- 6M
- 11.88%
- 1Y
- 48.11%
- 3Y*
- 33.51%
- 5Y*
- 17.70%
- 10Y*
- 12.03%
COPA.L
- 1D
- 0.27%
- 1M
- 5.86%
- YTD
- 13.93%
- 6M
- 19.36%
- 1Y
- 27.59%
- 3Y*
- 19.08%
- 5Y*
- 7.06%
- 10Y*
- 10.33%
AIGP.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGP.L WisdomTree Precious Metals | 4.36% | 78.63% | 23.25% | 7.81% | -0.87% | -7.48% | 23.72% | 17.09% | -5.55% | 7.63% |
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 AIGP.L and COPA.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.35 |
Over the past year, AIGP.L and COPA.L have become more correlated (0.56) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
AIGP.L vs. COPA.L — Risk / Return Rank
AIGP.L
COPA.L
AIGP.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Precious Metals (AIGP.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.
| AIGP.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.19 | +0.89 |
| Martin ratioReturn relative to average drawdown | 5.13 | 2.57 | +2.56 |
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
| AIGP.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.91 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.27 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.44 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.09 | +0.33 |
Drawdowns
AIGP.L vs. COPA.L - Drawdown Comparison
The maximum AIGP.L drawdown since its inception was -55.05%, smaller than the maximum COPA.L drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for AIGP.L and COPA.L.
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Drawdown Indicators
| AIGP.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -67.44% | +12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -23.14% | -25.25% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -25.25% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -34.64% | +9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -27.53% | -38.75% | +11.22% |
Current DrawdownCurrent decline from peak | -20.70% | -2.26% | -18.44% |
Average DrawdownAverage peak-to-trough decline | -26.79% | -33.24% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 11.73% | -2.32% |
Volatility
AIGP.L vs. COPA.L - Volatility Comparison
The current volatility for WisdomTree Precious Metals (AIGP.L) is 8.30%, while WisdomTree Copper (COPA.L) has a volatility of 8.83%. This indicates that AIGP.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.
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Volatility by Period
| AIGP.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 8.83% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 27.82% | 18.91% | +8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 33.17% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 26.20% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 23.28% | -3.21% |
AIGP.L vs. COPA.L - Expense Ratio Comparison
Both AIGP.L and COPA.L have an expense ratio of 0.49%.
Dividends
AIGP.L vs. COPA.L - Dividend Comparison
Neither AIGP.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
AIGP.L and COPA.L have a correlation of 0.56, 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.
AIGP.L and COPA.L have the same expense ratio: 0.49% per year.
AIGP.L is categorized as Precious Metals, while COPA.L is Metals. AIGP.L tracks Bloomberg Precious Metals, while COPA.L tracks Bloomberg Copper Subindex.
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