COPA.L vs. FAIG.L

Last updated Jun 5, 2026

COPA.L (WisdomTree Copper) and FAIG.L (WisdomTree Broad Commodities Longer Dated) are both exchange-traded funds - COPA.L is a Metals fund tracking the Bloomberg Copper Subindex, while FAIG.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, COPA.L returned 10.33%/yr vs 7.41%/yr for FAIG.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

COPA.L vs. FAIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Copper (COPA.L) and WisdomTree Broad Commodities Longer Dated (FAIG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly lower than FAIG.L's 19.26% return. Over the past 10 years, COPA.L has outperformed FAIG.L with an annualized return of 10.33%, while FAIG.L has yielded a comparatively lower 7.41% 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%

FAIG.L

• 1D: -1.29%
• 1M: -2.47%
• YTD: 19.26%
• 6M: 19.79%
• 1Y: 31.52%
• 3Y*: 13.45%
• 5Y*: 10.77%
• 10Y*: 7.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPA.L vs. FAIG.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%
FAIG.L WisdomTree Broad Commodities Longer Dated	19.26%	15.92%	4.08%	-7.24%	16.01%	30.43%	2.04%	6.53%	-9.43%	3.07%

Correlation

The correlation between COPA.L and FAIG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 15, 2007	0.45

The correlation between COPA.L and FAIG.L shifts across timeframes, from 0.35 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

COPA.L vs. FAIG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPA.L

COPA.L Risk / Return Rank: 26
COPA.L Sharpe Ratio Rank: 26
COPA.L Sortino Ratio Rank: 24
COPA.L Omega Ratio Rank: 34
COPA.L Calmar Ratio Rank: 26
COPA.L Martin Ratio Rank: 21

FAIG.L

FAIG.L Risk / Return Rank: 73
FAIG.L Sharpe Ratio Rank: 71
FAIG.L Sortino Ratio Rank: 64
FAIG.L Omega Ratio Rank: 71
FAIG.L Calmar Ratio Rank: 88
FAIG.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPA.L vs. FAIG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and WisdomTree Broad Commodities Longer Dated (FAIG.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	FAIG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.91	2.28	-1.37
Sortino ratio: Return per unit of downside risk	1.24	2.93	-1.69
Omega ratio: Gain probability vs. loss probability	1.22	1.41	-0.19
Calmar ratio: Return relative to maximum drawdown	1.19	4.98	-3.79
Martin ratio: Return relative to average drawdown	2.57	12.76	-10.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COPA.L vs. FAIG.L - Sharpe Ratio Comparison

The current COPA.L Sharpe Ratio is 0.91, which is lower than the FAIG.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of COPA.L and FAIG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COPA.L	FAIG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	2.28	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.70	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.55	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.08	+0.01

Drawdowns

COPA.L vs. FAIG.L - Drawdown Comparison

The maximum COPA.L drawdown since its inception was -67.44%, roughly equal to the maximum FAIG.L drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for COPA.L and FAIG.L.

Drawdown Indicators

	COPA.L	FAIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-67.44%	-68.50%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-25.25%	-6.30%	-18.95%
Max Drawdown (3Y) Largest decline over 3 years	-25.25%	-10.42%	-14.83%
Max Drawdown (5Y) Largest decline over 5 years	-34.64%	-24.76%	-9.88%
Max Drawdown (10Y) Largest decline over 10 years	-38.75%	-30.94%	-7.81%
Current Drawdown Current decline from peak	-2.26%	-14.57%	+12.31%
Average Drawdown Average peak-to-trough decline	-33.24%	-44.38%	+11.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.73%	2.46%	+9.27%

Volatility

COPA.L vs. FAIG.L - Volatility Comparison

WisdomTree Copper (COPA.L) has a higher volatility of 8.83% compared to WisdomTree Broad Commodities Longer Dated (FAIG.L) at 4.70%. This indicates that COPA.L's price experiences larger fluctuations and is considered to be riskier than FAIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPA.L	FAIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	4.70%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	18.91%	11.58%	+7.33%
Volatility (1Y) Calculated over the trailing 1-year period	33.17%	13.79%	+19.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.20%	15.39%	+10.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.28%	13.53%	+9.75%

COPA.L vs. FAIG.L - Expense Ratio Comparison

Both COPA.L and FAIG.L have an expense ratio of 0.49%.

Dividends

COPA.L vs. FAIG.L - Dividend Comparison

Neither COPA.L nor FAIG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPA.L and FAIG.L in my portfolio?

COPA.L and FAIG.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPA.L or FAIG.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPA.L or FAIG.L?

COPA.L and FAIG.L have the same expense ratio: 0.49% per year.

What is the main difference between COPA.L and FAIG.L?

COPA.L is categorized as Metals, while FAIG.L is Commodities. COPA.L tracks Bloomberg Copper Subindex, while FAIG.L tracks Bloomberg Commodity 3 Month Forward.