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COTN.L vs. NICK.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COTN.L vs. NICK.L

Last updated Jun 5, 2026

COTN.L (WisdomTree Cotton) and NICK.L (WisdomTree Nickel) are both exchange-traded funds - COTN.L is a Agricultural Commodities fund tracking the Bloomberg Cotton, while NICK.L is a Metals fund tracking the Bloomberg Nickel. Both are passively managed. Over the past 10 years, COTN.L returned 1.32%/yr vs 6.28%/yr for NICK.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

COTN.L vs. NICK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cotton (COTN.L) and WisdomTree Nickel (NICK.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, COTN.L achieves a 9.87% return, which is significantly lower than NICK.L's 10.65% return. Over the past 10 years, COTN.L has underperformed NICK.L with an annualized return of 1.32%, while NICK.L has yielded a comparatively higher 6.28% 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%

NICK.L

1D
-1.03%
1M
-5.12%
YTD
10.65%
6M
23.90%
1Y
18.75%
3Y*
-5.71%
5Y*
-0.66%
10Y*
6.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COTN.L vs. NICK.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COTN.L
WisdomTree Cotton		9.87%-11.34%-16.60%-1.06%-8.04%41.68%7.77%-7.05%-7.59%10.38%
NICK.L
WisdomTree Nickel		10.65%6.27%-8.39%-46.66%46.43%23.82%14.32%32.82%-14.50%18.74%

Correlation

The correlation between COTN.L and NICK.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2006

0.17

COTN.L vs. NICK.L - Sectors Allocation Comparison

Sectors
COTN.L
NICK.L

Basic Materials

100.0%
100.0%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

COTN.L
100.0%
NICK.L
100.0%

Communication Services

COTN.L

-

NICK.L

-

Consumer Cyclical

COTN.L

-

NICK.L

-

Consumer Defensive

COTN.L

-

NICK.L

-

Energy

COTN.L

-

NICK.L

-

Financial Services

COTN.L

-

NICK.L

-

Healthcare

COTN.L

-

NICK.L

-

Industrials

COTN.L

-

NICK.L

-

Real Estate

COTN.L

-

NICK.L

-

Technology

COTN.L

-

NICK.L

-

Utilities

COTN.L

-

NICK.L

-

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WisdomTree Cotton

WisdomTree Nickel

Often compared with COTN.L:
COTN.L vs. COFF.LCOTN.L vs. CORN.LCOTN.L vs. SPYCOTN.L vs. AIGA.LCOTN.L vs. FAGR.LCOTN.L vs. HOGS.LCOTN.L vs. AIGG.L
Often compared with NICK.L:
NICK.L vs. NOBLNICK.L vs. SPYNICK.L vs. TLTNICK.L vs. META.LNICK.L vs. XRH0.LNICK.L vs. ALUM.LNICK.L vs. AMPS.L

Return for Risk

COTN.L vs. NICK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COTN.L
COTN.L Risk / Return Rank: 1212
Overall Rank
COTN.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
COTN.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
COTN.L Omega Ratio Rank: 1313
Omega Ratio Rank
COTN.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
COTN.L Martin Ratio Rank: 1212
Martin Ratio Rank
NICK.L
NICK.L Risk / Return Rank: 2828
Overall Rank
NICK.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
NICK.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
NICK.L Omega Ratio Rank: 2626
Omega Ratio Rank
NICK.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
NICK.L Martin Ratio Rank: 2828
Martin Ratio Rank
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.

COTN.L vs. NICK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and WisdomTree Nickel (NICK.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.LNICK.LDifference
Sharpe ratioReturn per unit of total volatility
0.24
0.76

-0.52

Sortino ratioReturn per unit of downside risk
0.45
1.32

-0.87

Omega ratioGain probability vs. loss probability

1.06

1.17

-0.11

Calmar ratioReturn relative to maximum drawdown

0.27

1.82

-1.55

Martin ratioReturn relative to average drawdown

0.63

3.88

-3.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COTN.L vs. NICK.L - Sharpe Ratio Comparison

The current COTN.L Sharpe Ratio is 0.24, which is lower than the NICK.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of COTN.L and NICK.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.

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Sharpe Ratios by Period

COTN.LNICK.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.24

0.76

-0.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.00

-0.01

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.05

0.17

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

-0.09

+0.08

Drawdowns

COTN.L vs. NICK.L - Drawdown Comparison

The maximum COTN.L drawdown since its inception was -73.59%, smaller than the maximum NICK.L drawdown of -87.80%. Use the drawdown chart below to compare losses from any high point for COTN.L and NICK.L.

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Drawdown Indicators

COTN.LNICK.LDifference

Max Drawdown

Largest peak-to-trough decline

-73.59%

-87.80%

+14.21%

Max Drawdown (1Y)

Largest decline over 1 year

-15.44%

-10.26%

-5.18%

Max Drawdown (3Y)

Largest decline over 3 years

-43.70%

-40.82%

-2.88%

Max Drawdown (5Y)

Largest decline over 5 years

-53.70%

-71.83%

+18.13%

Max Drawdown (10Y)

Largest decline over 10 years

-53.70%

-71.83%

+18.13%

Current Drawdown

Current decline from peak

-57.25%

-74.59%

+17.34%

Average Drawdown

Average peak-to-trough decline

-49.78%

-70.10%

+20.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.57%

4.80%

+1.77%

Volatility

COTN.L vs. NICK.L - Volatility Comparison

WisdomTree Cotton (COTN.L) has a higher volatility of 10.54% compared to WisdomTree Nickel (NICK.L) at 6.02%. This indicates that COTN.L's price experiences larger fluctuations and is considered to be riskier than NICK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COTN.LNICK.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.54%

6.02%

+4.52%

Volatility (6M)

Calculated over the trailing 6-month period

15.14%

22.98%

-7.84%

Volatility (1Y)

Calculated over the trailing 1-year period

17.16%

24.65%

-7.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.57%

44.13%

-16.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.06%

36.48%

-11.42%

COTN.L vs. NICK.L - Expense Ratio Comparison

Both COTN.L and NICK.L have an expense ratio of 0.49%.

Dividends

COTN.L vs. NICK.L - Dividend Comparison

Neither COTN.L nor NICK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

COTN.L and NICK.L have a correlation of 0.23, 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 NICK.L have the same expense ratio: 0.49% per year.

COTN.L is categorized as Agricultural Commodities, while NICK.L is Metals. COTN.L tracks Bloomberg Cotton, while NICK.L tracks Bloomberg Nickel.

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