COTN.L vs. GBPUSD=X
COTN.L (WisdomTree Cotton) is Agricultural Commodities fund tracking the Bloomberg Cotton, while GBPUSD=X (GBP/USD) is a currency. Over the past 10 years, COTN.L returned 1.17%/yr vs -0.02%/yr for GBPUSD=X. At a 0.15 correlation, their price movements are largely independent.
Performance
COTN.L vs. GBPUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, COTN.L achieves a 7.24% return, which is significantly higher than GBPUSD=X's -1.95% return. Over the past 10 years, COTN.L has outperformed GBPUSD=X with an annualized return of 1.17%, while GBPUSD=X has yielded a comparatively lower -0.02% annualized return.
COTN.L
- 1D
- -0.42%
- 1M
- -5.95%
- YTD
- 7.24%
- 6M
- 8.22%
- 1Y
- 0.42%
- 3Y*
- -6.40%
- 5Y*
- -0.83%
- 10Y*
- 1.17%
GBPUSD=X
- 1D
- 0.21%
- 1M
- -1.88%
- YTD
- -1.95%
- 6M
- -2.33%
- 1Y
- -3.43%
- 3Y*
- 1.25%
- 5Y*
- -1.00%
- 10Y*
- -0.02%
COTN.L vs. GBPUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COTN.L WisdomTree Cotton | 7.24% | -11.24% | -16.72% | -0.98% | -8.04% | 41.68% | 7.77% | -7.05% | -7.46% | 10.13% |
GBPUSD=X GBP/USD | -1.95% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
Correlation
The correlation between COTN.L and GBPUSD=X is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.15 |
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Return for Risk
COTN.L vs. GBPUSD=X — Risk / Return Rank
COTN.L
GBPUSD=X
COTN.L vs. GBPUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and GBP/USD (GBPUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COTN.L | GBPUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.93 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.53 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.05 | -0.98 | +1.03 |
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Drawdowns
COTN.L vs. GBPUSD=X - Drawdown Comparison
The maximum COTN.L drawdown since its inception was -73.69%, which is greater than GBPUSD=X's maximum drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for COTN.L and GBPUSD=X.
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Drawdown Indicators
| COTN.L | GBPUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -49.29% | -24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -18.82% | -5.26% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -43.73% | -9.34% | -34.39% |
Max Drawdown (5Y)Largest decline over 5 years | -53.77% | -23.41% | -30.36% |
Max Drawdown (10Y)Largest decline over 10 years | -53.77% | -25.46% | -28.31% |
Current DrawdownCurrent decline from peak | -58.42% | -37.39% | -21.03% |
Average DrawdownAverage peak-to-trough decline | -51.85% | -31.26% | -20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 2.70% | +5.00% |
Volatility
COTN.L vs. GBPUSD=X - Volatility Comparison
WisdomTree Cotton (COTN.L) has a higher volatility of 6.54% compared to GBP/USD (GBPUSD=X) at 1.68%. This indicates that COTN.L's price experiences larger fluctuations and is considered to be riskier than GBPUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COTN.L | GBPUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 1.68% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | 4.84% | +11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 6.19% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 8.23% | +19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 8.71% | +16.33% |
Frequently Asked Questions
COTN.L and GBPUSD=X have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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