COPA.L vs. AIGI.L
COPA.L (WisdomTree Copper) and AIGI.L (WisdomTree Industrial Metals) are both Metals funds from WisdomTree - COPA.L tracks the Bloomberg Copper Subindex while AIGI.L tracks the Bloomberg Industrial Metals. Both are passively managed. Over the past 10 years, COPA.L returned 10.33%/yr vs 8.39%/yr for AIGI.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
COPA.L vs. AIGI.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly lower than AIGI.L's 15.82% return. Over the past 10 years, COPA.L has outperformed AIGI.L with an annualized return of 10.33%, while AIGI.L has yielded a comparatively lower 8.39% annualized return.
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
- 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 vs. AIGI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
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% |
Correlation
The correlation between COPA.L and AIGI.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 COPA.L and AIGI.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
COPA.L vs. AIGI.L — Risk / Return Rank
COPA.L
AIGI.L
COPA.L vs. AIGI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and WisdomTree Industrial Metals (AIGI.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.
| COPA.L | AIGI.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 | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.56 | -1.36 |
| Martin ratioReturn relative to average drawdown | 2.57 | 6.42 | -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
| COPA.L | AIGI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.68 | -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 | 0.44 | 0.43 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.01 | +0.09 |
Drawdowns
COPA.L vs. AIGI.L - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.44%, roughly equal to the maximum AIGI.L drawdown of -69.67%. Use the drawdown chart below to compare losses from any high point for COPA.L and AIGI.L.
Loading charts...
Drawdown Indicators
| COPA.L | AIGI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.44% | -69.67% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -25.25% | -12.83% | -12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -20.72% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -41.99% | +7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -41.99% | +3.24% |
Current DrawdownCurrent decline from peak | -2.26% | -24.66% | +22.40% |
Average DrawdownAverage peak-to-trough decline | -33.24% | -45.42% | +12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 5.11% | +6.62% |
Volatility
COPA.L vs. AIGI.L - Volatility Comparison
WisdomTree Copper (COPA.L) has a higher volatility of 8.83% compared to WisdomTree Industrial Metals (AIGI.L) at 5.54%. This indicates that COPA.L's price experiences larger fluctuations and is considered to be riskier than AIGI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COPA.L | AIGI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 5.54% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 13.88% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.17% | 19.55% | +13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 21.95% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 19.49% | +3.79% |
COPA.L vs. AIGI.L - Expense Ratio Comparison
Both COPA.L and AIGI.L have an expense ratio of 0.49%.
Dividends
COPA.L vs. AIGI.L - Dividend Comparison
Neither COPA.L nor AIGI.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, COPA.L and AIGI.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.
COPA.L and AIGI.L have the same expense ratio: 0.49% per year.
COPA.L tracks Bloomberg Copper Subindex, while AIGI.L tracks Bloomberg Industrial Metals.
Find the right allocation for COPA.L and AIGI.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