COTN.L vs. SPLT.L
COTN.L (WisdomTree Cotton) and SPLT.L (iShares Physical Platinum ETC) are both exchange-traded funds - COTN.L is a Agricultural Commodities fund tracking the Bloomberg Cotton, while SPLT.L is a Precious Metals fund tracking the Platinum. Both are passively managed. Over the past 10 years, COTN.L returned 1.32%/yr vs 6.37%/yr for SPLT.L. At a 0.14 correlation, their price movements are largely independent. COTN.L charges 0.49%/yr vs 0.20%/yr for SPLT.L.
Performance
COTN.L vs. SPLT.L - Performance Comparison
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Different Trading Currencies
COTN.L is traded in USD, while SPLT.L is traded in GBp. To make them comparable, the SPLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COTN.L achieves a 9.87% return, which is significantly higher than SPLT.L's -5.51% return. Over the past 10 years, COTN.L has underperformed SPLT.L with an annualized return of 1.32%, while SPLT.L has yielded a comparatively higher 6.37% 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%
SPLT.L
- 1D
- 0.25%
- 1M
- -3.70%
- YTD
- -5.51%
- 6M
- 15.01%
- 1Y
- 72.68%
- 3Y*
- 21.87%
- 5Y*
- 9.91%
- 10Y*
- 6.37%
COTN.L vs. SPLT.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% |
SPLT.L iShares Physical Platinum ETC | -5.51% | 120.07% | -9.90% | -6.07% | 10.71% | -10.99% | 10.32% | 22.42% | -15.00% | 1.98% |
Correlation
The correlation between COTN.L and SPLT.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.14 |
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Return for Risk
COTN.L vs. SPLT.L — Risk / Return Rank
COTN.L
SPLT.L
COTN.L vs. SPLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and iShares Physical Platinum ETC (SPLT.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 | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 2.03 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.63 | 4.22 | -3.59 |
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
| COTN.L | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.49 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.31 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.22 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.00 | -0.01 |
Drawdowns
COTN.L vs. SPLT.L - Drawdown Comparison
The maximum COTN.L drawdown since its inception was -73.59%, roughly equal to the maximum SPLT.L drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for COTN.L and SPLT.L.
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Drawdown Indicators
| COTN.L | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -70.11% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -35.57% | +20.13% |
Max Drawdown (3Y)Largest decline over 3 years | -43.70% | -35.57% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -53.70% | -35.57% | -18.13% |
Max Drawdown (10Y)Largest decline over 10 years | -53.70% | -51.44% | -2.26% |
Current DrawdownCurrent decline from peak | -57.25% | -33.68% | -23.57% |
Average DrawdownAverage peak-to-trough decline | -49.78% | -42.93% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 17.16% | -10.59% |
Volatility
COTN.L vs. SPLT.L - Volatility Comparison
The current volatility for WisdomTree Cotton (COTN.L) is 10.54%, while iShares Physical Platinum ETC (SPLT.L) has a volatility of 11.80%. This indicates that COTN.L experiences smaller price fluctuations and is considered to be less risky than SPLT.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.L | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 11.80% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 42.93% | -27.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 48.46% | -31.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 32.41% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 29.28% | -4.22% |
COTN.L vs. SPLT.L - Expense Ratio Comparison
COTN.L has a 0.49% expense ratio, which is higher than SPLT.L's 0.20% expense ratio.
Dividends
COTN.L vs. SPLT.L - Dividend Comparison
Neither COTN.L nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
COTN.L and SPLT.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.49% for COTN.L.
COTN.L is categorized as Agricultural Commodities, while SPLT.L is Precious Metals. COTN.L tracks Bloomberg Cotton, while SPLT.L tracks Platinum. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for COTN.L and 0.20% for SPLT.L.
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