PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GSG vs. WCOG.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GSG vs. WCOG.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L).

GSG and WCOG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. WCOG.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Commodity. It was launched on Apr 27, 2016. Both GSG and WCOG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GSG vs. WCOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P GSCI Commodity-Indexed Trust (GSG) and WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

GSG vs. WCOG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GSG
iShares S&P GSCI Commodity-Indexed Trust		39.85%5.93%8.52%-5.51%24.08%38.77%-23.94%15.62%-13.88%3.89%
WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD		27.57%16.09%2.71%-7.51%12.84%27.21%0.92%7.21%-9.13%4.80%
Different Trading Currencies

GSG is traded in USD, while WCOG.L is traded in GBp. To make them comparable, the WCOG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GSG achieves a 39.85% return, which is significantly higher than WCOG.L's 27.57% return.

GSG

1D
-1.01%
1M
24.23%
YTD
39.85%
6M
40.40%
1Y
41.63%
3Y*
17.03%
5Y*
17.93%
10Y*
9.09%

WCOG.L

1D
0.53%
1M
12.86%
YTD
27.57%
6M
33.60%
1Y
37.35%
3Y*
13.65%
5Y*
13.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P GSCI Commodity-Indexed Trust

WisdomTree Enhanced Commodity UCITS ETF USD

Often compared with GSG:
GSG vs. DBCGSG vs. PDBCGSG vs. COMTGSG vs. VCMDXGSG vs. GLDGSG vs. CGL.TOGSG vs. NGG
Often compared with WCOG.L:
WCOG.L vs. PMLP.LWCOG.L vs. ICOM.LWCOG.L vs. DBMFWCOG.L vs. COMX.LWCOG.L vs. ETRA.LWCOG.L vs. BCOG.LWCOG.L vs. CMFP.L

GSG vs. WCOG.L - Expense Ratio Comparison

GSG has a 0.75% expense ratio, which is higher than WCOG.L's 0.35% expense ratio.

GSG
iShares S&P GSCI Commodity-Indexed Trust
WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD

Return for Risk

GSG vs. WCOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GSG
GSG Risk / Return Rank: 9191
Overall Rank
GSG Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
GSG Sortino Ratio Rank: 9292
Sortino Ratio Rank
GSG Omega Ratio Rank: 8989
Omega Ratio Rank
GSG Calmar Ratio Rank: 9494
Calmar Ratio Rank
GSG Martin Ratio Rank: 8888
Martin Ratio Rank
WCOG.L
WCOG.L Risk / Return Rank: 9191
Overall Rank
WCOG.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
WCOG.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
WCOG.L Omega Ratio Rank: 9292
Omega Ratio Rank
WCOG.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
WCOG.L Martin Ratio Rank: 8282
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.

GSG vs. WCOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.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.

GSGWCOG.LDifference

Sharpe ratio

Return per unit of total volatility

1.98

2.42

-0.44

Sortino ratio

Return per unit of downside risk

2.66

3.21

-0.55

Omega ratio

Gain probability vs. loss probability

1.36

1.44

-0.08

Calmar ratio

Return relative to maximum drawdown

3.70

4.45

-0.75

Martin ratio

Return relative to average drawdown

10.32

12.66

-2.34

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

GSG vs. WCOG.L - Sharpe Ratio Comparison

The current GSG Sharpe Ratio is 1.98, which is comparable to the WCOG.L Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of GSG and WCOG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

GSGWCOG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.98

2.42

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.90

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.09

0.61

-0.70

Correlation

The correlation between GSG and WCOG.L is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GSG vs. WCOG.L - Dividend Comparison

GSG has not paid dividends to shareholders, while WCOG.L's dividend yield for the trailing twelve months is around 2.71%.

TTM20252024202320222021202020192018
GSG
iShares S&P GSCI Commodity-Indexed Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD		2.71%4.56%4.54%0.65%0.00%0.30%1.64%1.64%0.46%

Drawdowns

GSG vs. WCOG.L - Drawdown Comparison

The maximum GSG drawdown since its inception was -89.62%, which is greater than WCOG.L's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for GSG and WCOG.L.

Loading graphics...

Drawdown Indicators

GSGWCOG.LDifference

Max Drawdown

Largest peak-to-trough decline

-89.62%

-27.05%

-62.57%

Max Drawdown (1Y)

Largest decline over 1 year

-11.91%

-8.09%

-3.82%

Max Drawdown (5Y)

Largest decline over 5 years

-29.12%

-27.05%

-2.07%

Max Drawdown (10Y)

Largest decline over 10 years

-57.64%

—

—

Current Drawdown

Current decline from peak

-57.78%

0.00%

-57.78%

Average Drawdown

Average peak-to-trough decline

-63.77%

-11.12%

-52.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.27%

3.67%

+0.60%

Volatility

GSG vs. WCOG.L - Volatility Comparison

iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.08% compared to WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) at 6.47%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than WCOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

GSGWCOG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.08%

6.47%

+4.61%

Volatility (6M)

Calculated over the trailing 6-month period

16.24%

12.16%

+4.08%

Volatility (1Y)

Calculated over the trailing 1-year period

21.16%

15.37%

+5.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.97%

15.12%

+6.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.78%

13.35%

+8.43%