COTN.L vs. COPA.L
COTN.L (WisdomTree Cotton) and COPA.L (WisdomTree Copper) are both exchange-traded funds - COTN.L is a Agricultural Commodities fund tracking the Bloomberg Cotton, while COPA.L is a Metals fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, COTN.L returned 1.32%/yr vs 10.33%/yr for COPA.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
COTN.L vs. COPA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COTN.L achieves a 9.87% return, which is significantly lower than COPA.L's 13.93% return. Over the past 10 years, COTN.L has underperformed COPA.L with an annualized return of 1.32%, while COPA.L has yielded a comparatively higher 10.33% annualized return.
COTN.L
- 1D
- -2.76%
- 1M
- -11.68%
- YTD
- 9.87%
- 6M
- 10.29%
- 1Y
- 4.16%
- 3Y*
- -7.96%
- 5Y*
- -0.13%
- 10Y*
- 1.32%
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%
COTN.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COTN.L WisdomTree Cotton | 9.87% | -11.34% | -16.60% | -1.06% | -8.04% | 41.68% | 7.77% | -7.05% | -7.59% | 10.38% |
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
Correlation
The correlation between COTN.L and COPA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.23 |
The correlation between COTN.L and COPA.L shifts across timeframes, from 0.11 (3 years) to 0.23 (all time), 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
COTN.L vs. COPA.L — Risk / Return Rank
COTN.L
COPA.L
COTN.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and WisdomTree Copper (COPA.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.
| COTN.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.19 | -0.93 |
| Martin ratioReturn relative to average drawdown | 0.63 | 2.57 | -1.94 |
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
| COTN.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.91 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.27 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.44 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.09 | -0.09 |
Drawdowns
COTN.L vs. COPA.L - Drawdown Comparison
The maximum COTN.L drawdown since its inception was -73.59%, which is greater than COPA.L's maximum drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for COTN.L and COPA.L.
Loading charts...
Drawdown Indicators
| COTN.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -67.44% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -25.25% | +9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -43.70% | -25.25% | -18.45% |
Max Drawdown (5Y)Largest decline over 5 years | -53.70% | -34.64% | -19.06% |
Max Drawdown (10Y)Largest decline over 10 years | -53.70% | -38.75% | -14.95% |
Current DrawdownCurrent decline from peak | -57.25% | -2.26% | -54.99% |
Average DrawdownAverage peak-to-trough decline | -49.78% | -33.24% | -16.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 11.73% | -5.16% |
Volatility
COTN.L vs. COPA.L - Volatility Comparison
WisdomTree Cotton (COTN.L) has a higher volatility of 10.54% compared to WisdomTree Copper (COPA.L) at 8.83%. This indicates that COTN.L's price experiences larger fluctuations and is considered to be riskier than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COTN.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 8.83% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 18.91% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 33.17% | -16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 26.20% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 23.28% | +1.78% |
COTN.L vs. COPA.L - Expense Ratio Comparison
Both COTN.L and COPA.L have an expense ratio of 0.49%.
Dividends
COTN.L vs. COPA.L - Dividend Comparison
Neither COTN.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
COTN.L and COPA.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
COTN.L and COPA.L have the same expense ratio: 0.49% per year.
COTN.L is categorized as Agricultural Commodities, while COPA.L is Metals. COTN.L tracks Bloomberg Cotton, while COPA.L tracks Bloomberg Copper Subindex.
Find the right allocation for COTN.L and COPA.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