COPA.L vs. DGSE.L
COPA.L (WisdomTree Copper) and DGSE.L (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF) are both exchange-traded funds - COPA.L is a Metals fund tracking the Bloomberg Copper Subindex, while DGSE.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets SMID NR USD. Both are passively managed. Over the past 10 years, COPA.L returned 10.33%/yr vs 6.06%/yr for DGSE.L. At a 0.40 correlation, their price movements are largely independent. COPA.L charges 0.49%/yr vs 0.54%/yr for DGSE.L.
Performance
COPA.L vs. DGSE.L - Performance Comparison
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Different Trading Currencies
COPA.L is traded in USD, while DGSE.L is traded in GBp. To make them comparable, the DGSE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly higher than DGSE.L's 10.34% return. Over the past 10 years, COPA.L has outperformed DGSE.L with an annualized return of 10.33%, while DGSE.L has yielded a comparatively lower 6.06% 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%
DGSE.L
- 1D
- 0.20%
- 1M
- 0.06%
- YTD
- 10.34%
- 6M
- 12.29%
- 1Y
- 18.35%
- 3Y*
- 10.87%
- 5Y*
- 3.49%
- 10Y*
- 6.06%
COPA.L vs. DGSE.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% |
DGSE.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 10.34% | 15.92% | -2.58% | 14.90% | -14.86% | 10.04% | 2.33% | 12.71% | -17.53% | 31.86% |
Correlation
The correlation between COPA.L and DGSE.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2014 | 0.40 |
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Return for Risk
COPA.L vs. DGSE.L — Risk / Return Rank
COPA.L
DGSE.L
COPA.L vs. DGSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE.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 | DGSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.85 | -0.65 |
| Martin ratioReturn relative to average drawdown | 2.57 | 5.23 | -2.66 |
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
| COPA.L | DGSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.25 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.23 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.36 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.22 | -0.13 |
Drawdowns
COPA.L vs. DGSE.L - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.44%, which is greater than DGSE.L's maximum drawdown of -47.28%. Use the drawdown chart below to compare losses from any high point for COPA.L and DGSE.L.
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Drawdown Indicators
| COPA.L | DGSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.44% | -47.28% | -20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.25% | -9.88% | -15.37% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -20.43% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -28.70% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -47.28% | +8.53% |
Current DrawdownCurrent decline from peak | -2.26% | -2.27% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -33.24% | -11.99% | -21.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 3.50% | +8.23% |
Volatility
COPA.L vs. DGSE.L - Volatility Comparison
WisdomTree Copper (COPA.L) has a higher volatility of 8.83% compared to WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE.L) at 4.84%. This indicates that COPA.L's price experiences larger fluctuations and is considered to be riskier than DGSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPA.L | DGSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 4.84% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 12.17% | +6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.17% | 14.61% | +18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 15.24% | +10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 16.92% | +6.36% |
COPA.L vs. DGSE.L - Expense Ratio Comparison
COPA.L has a 0.49% expense ratio, which is lower than DGSE.L's 0.54% expense ratio.
Dividends
COPA.L vs. DGSE.L - Dividend Comparison
COPA.L has not paid dividends to shareholders, while DGSE.L's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPA.L WisdomTree Copper | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGSE.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 0.03% | 0.03% | 0.05% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.01% | 0.03% |
Frequently Asked Questions
COPA.L and DGSE.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA.L is cheaper with a 0.49% expense ratio, compared with 0.54% for DGSE.L.
COPA.L is categorized as Metals, while DGSE.L is Emerging Markets Equities. COPA.L tracks Bloomberg Copper Subindex, while DGSE.L tracks MSCI Emerging Markets SMID NR USD. Their fees differ too: 0.49% for COPA.L and 0.54% for DGSE.L.
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