DGSD.L vs. COPA.L

Last updated Jul 16, 2026

DGSD.L (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist)) and COPA.L (WisdomTree Copper) are both exchange-traded funds - DGSD.L is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets Smallcap Dividend UCITS Index, while COPA.L is a Copper fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, DGSD.L returned 8.37%/yr vs 9.48%/yr for COPA.L. At a 0.44 correlation, their price movements are largely independent. DGSD.L charges 0.54%/yr vs 0.49%/yr for COPA.L.

Performance

DGSD.L vs. COPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) (DGSD.L) and WisdomTree Copper (COPA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DGSD.L having a 9.94% return and COPA.L slightly higher at 10.30%. Over the past 10 years, DGSD.L has underperformed COPA.L with an annualized return of 8.37%, while COPA.L has yielded a comparatively higher 9.48% annualized return.

DGSD.L

• 1D: 0.15%
• 1M: -3.93%
• 6M: 6.06%
• YTD: 9.94%
• 1Y: 14.79%
• 3Y*: 12.72%
• 5Y*: 6.57%
• 10Y*: 8.37%

COPA.L

• 1D: -0.35%
• 1M: -2.53%
• 6M: 3.63%
• YTD: 10.30%
• 1Y: 11.97%
• 3Y*: 16.01%
• 5Y*: 7.40%
• 10Y*: 9.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DGSD.L vs. COPA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGSD.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist)	9.94%	18.93%	2.14%	19.83%	-11.18%	12.82%	5.94%	15.75%	-15.06%	34.26%
COPA.L WisdomTree Copper	10.30%	36.38%	4.81%	2.66%	-13.57%	24.34%	21.41%	4.90%	-20.37%	26.81%

Correlation

The correlation between DGSD.L and COPA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.44

Return for Risk

DGSD.L vs. COPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGSD.L

DGSD.L Risk / Return Rank: 35
DGSD.L Sharpe Ratio Rank: 33
DGSD.L Sortino Ratio Rank: 34
DGSD.L Omega Ratio Rank: 34
DGSD.L Calmar Ratio Rank: 37
DGSD.L Martin Ratio Rank: 38

COPA.L

COPA.L Risk / Return Rank: 16
COPA.L Sharpe Ratio Rank: 16
COPA.L Sortino Ratio Rank: 15
COPA.L Omega Ratio Rank: 20
COPA.L Calmar Ratio Rank: 16
COPA.L Martin Ratio Rank: 15

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.

DGSD.L vs. COPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) (DGSD.L) and WisdomTree Copper (COPA.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.

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.

	DGSD.L	COPA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.00	0.37	+0.63
Sortino ratio: Return per unit of downside risk	1.53	0.63	+0.89
Omega ratio: Gain probability vs. loss probability	1.19	1.11	+0.08
Calmar ratio: Return relative to maximum drawdown	1.60	0.47	+1.13
Martin ratio: Return relative to average drawdown	4.73	1.00	+3.73

DGSD.L vs. COPA.L - Sharpe Ratio Comparison

The current DGSD.L Sharpe Ratio is 1.00, which is higher than the COPA.L Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of DGSD.L and COPA.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.

Drawdowns

DGSD.L vs. COPA.L - Drawdown Comparison

The maximum DGSD.L drawdown since its inception was -43.76%, smaller than the maximum COPA.L drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for DGSD.L and COPA.L.

Drawdown Indicators

	DGSD.L	COPA.L	Difference
Max Drawdown Largest peak-to-trough decline	-43.76%	-67.44%	+23.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-25.25%	+15.95%
Max Drawdown (3Y) Largest decline over 3 years	-19.87%	-25.25%	+5.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.55%	-34.64%	+9.09%
Max Drawdown (10Y) Largest decline over 10 years	-43.76%	-38.76%	-5.00%
Current Drawdown Current decline from peak	-3.93%	-5.38%	+1.45%
Average Drawdown Average peak-to-trough decline	-9.35%	-33.07%	+23.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	11.93%	-8.78%

Volatility

DGSD.L vs. COPA.L - Volatility Comparison

The current volatility for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) (DGSD.L) is 5.60%, while WisdomTree Copper (COPA.L) has a volatility of 7.42%. This indicates that DGSD.L experiences smaller price fluctuations and is considered to be less risky than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGSD.L	COPA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	7.42%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	18.63%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	32.42%	-17.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	26.26%	-11.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	23.27%	-6.90%

DGSD.L vs. COPA.L - Expense Ratio Comparison

DGSD.L has a 0.54% expense ratio, which is higher than COPA.L's 0.49% expense ratio.

Dividends

DGSD.L vs. COPA.L - Dividend Comparison

DGSD.L's dividend yield for the trailing twelve months is around 3.18%, while COPA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPA.L WisdomTree Copper	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DGSD.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist)	3.18%	2.90%	4.95%	3.38%	4.16%	2.95%	2.77%	3.15%	3.18%	1.18%	1.52%	3.39%

Frequently Asked Questions

Can I hold both DGSD.L and COPA.L in my portfolio?

DGSD.L and COPA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGSD.L or COPA.L?

On fees, COPA.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGSD.L or COPA.L?

COPA.L is cheaper with a 0.49% expense ratio, compared with 0.54% for DGSD.L.

What is the main difference between DGSD.L and COPA.L?

DGSD.L is categorized as Emerging Markets Equities, while COPA.L is Copper. DGSD.L tracks WisdomTree Emerging Markets Smallcap Dividend UCITS Index, while COPA.L tracks Bloomberg Copper Subindex. Their fees differ too: 0.54% for DGSD.L and 0.49% for COPA.L.