ISP6.L vs. WCOB.L
ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while WCOB.L is a Commodities fund tracking the Optimised Roll Commodity. Both are passively managed. Over the past 5 years, ISP6.L returned 6.63%/yr vs 12.74%/yr for WCOB.L. At a 0.13 correlation, their price movements are largely independent. ISP6.L charges 0.40%/yr vs 0.35%/yr for WCOB.L.
Performance
ISP6.L vs. WCOB.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISP6.L achieves a 15.45% return, which is significantly lower than WCOB.L's 31.29% return.
ISP6.L
- 1D
- 1.09%
- 1M
- 2.81%
- YTD
- 15.45%
- 6M
- 14.84%
- 1Y
- 34.21%
- 3Y*
- 12.19%
- 5Y*
- 6.63%
- 10Y*
- 11.01%
WCOB.L
- 1D
- -1.15%
- 1M
- -1.32%
- YTD
- 31.29%
- 6M
- 31.55%
- 1Y
- 45.40%
- 3Y*
- 13.21%
- 5Y*
- 12.74%
- 10Y*
- —
ISP6.L vs. WCOB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 15.45% | -0.91% | 8.76% | 10.98% | -6.72% | 27.86% | 6.87% | 17.51% | -4.56% | 3.68% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 31.29% | 7.73% | 4.50% | -12.06% | 25.92% | 28.89% | -3.11% | 3.86% | -3.43% | -3.53% |
Correlation
The correlation between ISP6.L and WCOB.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.13 |
The correlation between ISP6.L and WCOB.L shifts across timeframes, from -0.18 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISP6.L vs. WCOB.L — Risk / Return Rank
ISP6.L
WCOB.L
ISP6.L vs. WCOB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.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.
| ISP6.L | WCOB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 6.47 | -1.20 |
| Martin ratioReturn relative to average drawdown | 15.98 | 16.38 | -0.39 |
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
| ISP6.L | WCOB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.57 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.83 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.66 | -0.08 |
Drawdowns
ISP6.L vs. WCOB.L - Drawdown Comparison
The maximum ISP6.L drawdown since its inception was -39.08%, which is greater than WCOB.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for ISP6.L and WCOB.L.
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Drawdown Indicators
| ISP6.L | WCOB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -27.14% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.98% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -30.26% | -13.74% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -27.14% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.08% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.72% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -11.70% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.76% | -0.63% |
Volatility
ISP6.L vs. WCOB.L - Volatility Comparison
The current volatility for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) is 3.96%, while WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) has a volatility of 5.81%. This indicates that ISP6.L experiences smaller price fluctuations and is considered to be less risky than WCOB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISP6.L | WCOB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 5.81% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 15.36% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 17.59% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 15.37% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 15.90% | +4.55% |
ISP6.L vs. WCOB.L - Expense Ratio Comparison
ISP6.L has a 0.40% expense ratio, which is higher than WCOB.L's 0.35% expense ratio.
Dividends
ISP6.L vs. WCOB.L - Dividend Comparison
ISP6.L's dividend yield for the trailing twelve months is around 1.02%, while WCOB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 1.02% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISP6.L and WCOB.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WCOB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCOB.L is cheaper with a 0.35% expense ratio, compared with 0.40% for ISP6.L.
ISP6.L is categorized as Small Cap Blend Equities, while WCOB.L is Commodities. ISP6.L tracks Russell 2000 TR USD, while WCOB.L tracks Optimised Roll Commodity. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for ISP6.L and 0.35% for WCOB.L.
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