BRNT.L vs. COPM.AS
BRNT.L (WisdomTree Brent Crude Oil) and COPM.AS (iShares Copper Miners UCITS ETF) are both exchange-traded funds - BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex, while COPM.AS is a Commodity Producers Equities fund tracking the STOXX Global Copper Miners Index. Both are passively managed. Over the past year, BRNT.L returned 84.62% vs 104.17% for COPM.AS. At a 0.05 correlation, their price movements are largely independent. BRNT.L charges 0.49%/yr vs 0.55%/yr for COPM.AS.
Performance
BRNT.L vs. COPM.AS - Performance Comparison
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Returns By Period
In the year-to-date period, BRNT.L achieves a 80.13% return, which is significantly higher than COPM.AS's 25.99% return.
BRNT.L
- 1D
- -2.63%
- 1M
- -9.61%
- YTD
- 80.13%
- 6M
- 76.22%
- 1Y
- 84.62%
- 3Y*
- 24.57%
- 5Y*
- 23.51%
- 10Y*
- 13.59%
COPM.AS
- 1D
- -1.41%
- 1M
- 13.01%
- YTD
- 25.99%
- 6M
- 36.60%
- 1Y
- 104.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRNT.L vs. COPM.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRNT.L WisdomTree Brent Crude Oil | 80.13% | -6.34% | 7.45% | 10.26% |
COPM.AS iShares Copper Miners UCITS ETF | 25.99% | 82.17% | 0.45% | 4.71% |
Correlation
The correlation between BRNT.L and COPM.AS is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.05 |
The correlation between BRNT.L and COPM.AS shifts across timeframes, from -0.24 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRNT.L vs. COPM.AS — Risk / Return Rank
BRNT.L
COPM.AS
BRNT.L vs. COPM.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Brent Crude Oil (BRNT.L) and iShares Copper Miners UCITS ETF (COPM.AS). 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.
| BRNT.L | COPM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.09 | +0.42 |
| Martin ratioReturn relative to average drawdown | 8.41 | 14.72 | -6.31 |
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
| BRNT.L | COPM.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.75 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.11 | -1.06 |
Drawdowns
BRNT.L vs. COPM.AS - Drawdown Comparison
The maximum BRNT.L drawdown since its inception was -85.97%, which is greater than COPM.AS's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for BRNT.L and COPM.AS.
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Drawdown Indicators
| BRNT.L | COPM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -37.12% | -48.85% |
Max Drawdown (1Y)Largest decline over 1 year | -18.66% | -25.05% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.94% | — | — |
Current DrawdownCurrent decline from peak | -9.61% | -3.81% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -48.63% | -11.54% | -37.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 6.98% | +3.04% |
Volatility
BRNT.L vs. COPM.AS - Volatility Comparison
WisdomTree Brent Crude Oil (BRNT.L) has a higher volatility of 15.37% compared to iShares Copper Miners UCITS ETF (COPM.AS) at 13.86%. This indicates that BRNT.L's price experiences larger fluctuations and is considered to be riskier than COPM.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRNT.L | COPM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 13.86% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 31.88% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.09% | 37.25% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.68% | 34.32% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 34.32% | +1.04% |
BRNT.L vs. COPM.AS - Expense Ratio Comparison
BRNT.L has a 0.49% expense ratio, which is lower than COPM.AS's 0.55% expense ratio.
Dividends
BRNT.L vs. COPM.AS - Dividend Comparison
Neither BRNT.L nor COPM.AS has paid dividends to shareholders.
Frequently Asked Questions
BRNT.L and COPM.AS have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRNT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRNT.L is cheaper with a 0.49% expense ratio, compared with 0.55% for COPM.AS.
BRNT.L is categorized as Oil & Gas, while COPM.AS is Commodity Producers Equities. BRNT.L tracks Bloomberg Brent Crude Subindex, while COPM.AS tracks STOXX Global Copper Miners Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for BRNT.L and 0.55% for COPM.AS.
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