COPA.L vs. FIND.L
COPA.L (WisdomTree Copper) and FIND.L (WisdomTree Industrial Metals Longer Dated) are both Metals funds from WisdomTree - COPA.L tracks the Bloomberg Copper Subindex while FIND.L tracks the Bloomberg Industrial Metals 3 Month Forward. Both are passively managed. Over the past 10 years, COPA.L returned 10.33%/yr vs 8.51%/yr for FIND.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
COPA.L vs. FIND.L - Performance Comparison
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Returns By Period
In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly lower than FIND.L's 15.30% return. Over the past 10 years, COPA.L has outperformed FIND.L with an annualized return of 10.33%, while FIND.L has yielded a comparatively lower 8.51% 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%
FIND.L
- 1D
- -0.61%
- 1M
- 4.52%
- YTD
- 15.30%
- 6M
- 20.95%
- 1Y
- 32.15%
- 3Y*
- 13.69%
- 5Y*
- 6.19%
- 10Y*
- 8.51%
COPA.L vs. FIND.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% |
FIND.L WisdomTree Industrial Metals Longer Dated | 15.30% | 19.87% | 3.63% | -11.12% | -1.92% | 28.50% | 14.41% | 5.70% | -20.26% | 27.06% |
Correlation
The correlation between COPA.L and FIND.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2007 | 0.67 |
Over the past year, COPA.L and FIND.L have become more correlated (0.91) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
COPA.L vs. FIND.L — Risk / Return Rank
COPA.L
FIND.L
COPA.L vs. FIND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and WisdomTree Industrial Metals Longer Dated (FIND.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 | FIND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.54 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.57 | 6.30 | -3.72 |
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 | FIND.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.66 | -0.75 |
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 | 0.03 | +0.06 |
Drawdowns
COPA.L vs. FIND.L - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.44%, roughly equal to the maximum FIND.L drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for COPA.L and FIND.L.
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Drawdown Indicators
| COPA.L | FIND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.44% | -65.36% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -25.25% | -12.60% | -12.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -19.06% | -6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -40.56% | +5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -40.56% | +1.81% |
Current DrawdownCurrent decline from peak | -2.26% | -13.03% | +10.77% |
Average DrawdownAverage peak-to-trough decline | -33.24% | -42.53% | +9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 5.09% | +6.64% |
Volatility
COPA.L vs. FIND.L - Volatility Comparison
WisdomTree Copper (COPA.L) has a higher volatility of 8.83% compared to WisdomTree Industrial Metals Longer Dated (FIND.L) at 5.52%. This indicates that COPA.L's price experiences larger fluctuations and is considered to be riskier than FIND.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 | FIND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 5.52% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 13.74% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.17% | 19.31% | +13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 22.58% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 19.71% | +3.57% |
COPA.L vs. FIND.L - Expense Ratio Comparison
Both COPA.L and FIND.L have an expense ratio of 0.49%.
Dividends
COPA.L vs. FIND.L - Dividend Comparison
Neither COPA.L nor FIND.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, COPA.L and FIND.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 FIND.L have the same expense ratio: 0.49% per year.
COPA.L tracks Bloomberg Copper Subindex, while FIND.L tracks Bloomberg Industrial Metals 3 Month Forward.
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