COTN.L vs. ZINC.L
COTN.L (WisdomTree Cotton) and ZINC.L (WisdomTree Zinc) are both exchange-traded funds - COTN.L is a Agricultural Commodities fund tracking the Bloomberg Cotton, while ZINC.L is a Metals fund tracking the Bloomberg Zinc. Both are passively managed. Over the past 10 years, COTN.L returned 1.32%/yr vs 7.37%/yr for ZINC.L. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
COTN.L vs. ZINC.L - Performance Comparison
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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 ZINC.L's 15.82% return. Over the past 10 years, COTN.L has underperformed ZINC.L with an annualized return of 1.32%, while ZINC.L has yielded a comparatively higher 7.37% 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%
ZINC.L
- 1D
- -0.57%
- 1M
- 6.40%
- YTD
- 15.82%
- 6M
- 17.29%
- 1Y
- 38.82%
- 3Y*
- 17.84%
- 5Y*
- 5.86%
- 10Y*
- 7.37%
COTN.L vs. ZINC.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% |
ZINC.L WisdomTree Zinc | 15.82% | 6.70% | 13.11% | -9.01% | -11.08% | 26.65% | 15.73% | -0.07% | -22.41% | 27.77% |
Correlation
The correlation between COTN.L and ZINC.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2006 | 0.18 |
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Return for Risk
COTN.L vs. ZINC.L — Risk / Return Rank
COTN.L
ZINC.L
COTN.L vs. ZINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cotton (COTN.L) and WisdomTree Zinc (ZINC.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 | ZINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 3.60 | -3.33 |
| Martin ratioReturn relative to average drawdown | 0.63 | 13.28 | -12.65 |
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 | ZINC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.12 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.23 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.31 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.03 | +0.03 |
Drawdowns
COTN.L vs. ZINC.L - Drawdown Comparison
The maximum COTN.L drawdown since its inception was -73.59%, smaller than the maximum ZINC.L drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for COTN.L and ZINC.L.
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Drawdown Indicators
| COTN.L | ZINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.59% | -77.49% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -10.74% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -43.70% | -19.66% | -24.04% |
Max Drawdown (5Y)Largest decline over 5 years | -53.70% | -47.04% | -6.66% |
Max Drawdown (10Y)Largest decline over 10 years | -53.70% | -47.04% | -6.66% |
Current DrawdownCurrent decline from peak | -57.25% | -36.98% | -20.27% |
Average DrawdownAverage peak-to-trough decline | -49.78% | -56.38% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 2.90% | +3.67% |
Volatility
COTN.L vs. ZINC.L - Volatility Comparison
WisdomTree Cotton (COTN.L) has a higher volatility of 10.54% compared to WisdomTree Zinc (ZINC.L) at 4.90%. This indicates that COTN.L's price experiences larger fluctuations and is considered to be riskier than ZINC.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 | ZINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 4.90% | +5.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 14.12% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 18.26% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 25.18% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 23.98% | +1.08% |
COTN.L vs. ZINC.L - Expense Ratio Comparison
Both COTN.L and ZINC.L have an expense ratio of 0.49%.
Dividends
COTN.L vs. ZINC.L - Dividend Comparison
Neither COTN.L nor ZINC.L has paid dividends to shareholders.
Frequently Asked Questions
COTN.L and ZINC.L have a correlation of 0.20, 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 ZINC.L have the same expense ratio: 0.49% per year.
COTN.L is categorized as Agricultural Commodities, while ZINC.L is Metals. COTN.L tracks Bloomberg Cotton, while ZINC.L tracks Bloomberg Zinc.
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