COTN.L vs. IWM
COTN.L (WisdomTree Cotton) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - COTN.L is a Agricultural Commodities fund tracking the Bloomberg Cotton, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, COTN.L returned 1.31%/yr vs 11.63%/yr for IWM. At a 0.15 correlation, their price movements are largely independent. COTN.L charges 0.49%/yr vs 0.19%/yr for IWM.
Performance
COTN.L vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, COTN.L achieves a 7.69% return, which is significantly lower than IWM's 21.03% return. Over the past 10 years, COTN.L has underperformed IWM with an annualized return of 1.31%, while IWM has yielded a comparatively higher 11.63% annualized return.
COTN.L
- 1D
- -2.06%
- 1M
- -5.56%
- YTD
- 7.69%
- 6M
- 8.68%
- 1Y
- 0.85%
- 3Y*
- -6.91%
- 5Y*
- -0.75%
- 10Y*
- 1.31%
IWM
- 1D
- 0.46%
- 1M
- 4.31%
- YTD
- 21.03%
- 6M
- 17.89%
- 1Y
- 39.77%
- 3Y*
- 19.40%
- 5Y*
- 6.33%
- 10Y*
- 11.63%
COTN.L vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COTN.L WisdomTree Cotton | 7.69% | -11.24% | -16.72% | -0.98% | -8.04% | 41.68% | 7.77% | -7.05% | -7.46% | 10.13% |
IWM iShares Russell 2000 ETF | 21.03% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between COTN.L and IWM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
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. IWM — Risk / Return Rank
COTN.L
IWM
COTN.L vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.62 | -3.58 |
| Martin ratioReturn relative to average drawdown | 0.11 | 12.82 | -12.71 |
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Drawdowns
COTN.L vs. IWM - Drawdown Comparison
The maximum COTN.L drawdown since its inception was -73.69%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for COTN.L and IWM.
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Drawdown Indicators
| COTN.L | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -59.05% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -18.82% | -11.03% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -43.73% | -27.50% | -16.23% |
Max Drawdown (5Y)Largest decline over 5 years | -53.77% | -31.91% | -21.86% |
Max Drawdown (10Y)Largest decline over 10 years | -53.77% | -41.13% | -12.64% |
Current DrawdownCurrent decline from peak | -58.25% | -0.50% | -57.75% |
Average DrawdownAverage peak-to-trough decline | -51.85% | -10.74% | -41.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 3.11% | +4.51% |
Volatility
COTN.L vs. IWM - Volatility Comparison
WisdomTree Cotton (COTN.L) and iShares Russell 2000 ETF (IWM) have volatilities of 6.61% and 6.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COTN.L | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 6.52% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.15% | 14.30% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 19.71% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 22.60% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 23.06% | +1.98% |
COTN.L vs. IWM - Expense Ratio Comparison
COTN.L has a 0.49% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
COTN.L vs. IWM - Dividend Comparison
COTN.L has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COTN.L WisdomTree Cotton | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
COTN.L and IWM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWM is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWM is cheaper with a 0.19% expense ratio, compared with 0.49% for COTN.L.
COTN.L is categorized as Agricultural Commodities, while IWM is Small Cap Blend Equities. COTN.L tracks Bloomberg Cotton, while IWM tracks Russell 2000 Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for COTN.L and 0.19% for IWM.
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