IWFV.L vs. WCOM.L
IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) and WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) are both exchange-traded funds - IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while WCOM.L is a Commodities fund tracking the Optimized Roll Commodity (GBP Hedged). Both are passively managed. Over the past 5 years, IWFV.L returned 17.90%/yr vs 9.28%/yr for WCOM.L. At a 0.21 correlation, their price movements are largely independent. IWFV.L charges 0.30%/yr vs 0.35%/yr for WCOM.L.
Performance
IWFV.L vs. WCOM.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWFV.L achieves a 36.40% return, which is significantly higher than WCOM.L's 18.91% return.
IWFV.L
- 1D
- 1.77%
- 1M
- 3.52%
- YTD
- 36.40%
- 6M
- 37.48%
- 1Y
- 69.25%
- 3Y*
- 27.89%
- 5Y*
- 17.90%
- 10Y*
- 13.86%
WCOM.L
- 1D
- 0.83%
- 1M
- -10.06%
- YTD
- 18.91%
- 6M
- 17.57%
- 1Y
- 29.25%
- 3Y*
- 11.62%
- 5Y*
- 9.28%
- 10Y*
- —
IWFV.L vs. WCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 36.40% | 30.69% | 6.85% | 13.02% | 0.95% | 21.60% | -6.91% | 14.69% | -11.44% |
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 18.91% | 15.31% | 2.49% | -7.76% | 11.71% | 25.55% | -0.57% | 4.18% | -6.68% |
Correlation
The correlation between IWFV.L and WCOM.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2018 | 0.21 |
The correlation between IWFV.L and WCOM.L shifts across timeframes, from -0.06 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWFV.L vs. WCOM.L — Risk / Return Rank
IWFV.L
WCOM.L
IWFV.L vs. WCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) and WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.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.
| IWFV.L | WCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.32 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 9.73 | 2.08 | +7.66 |
| Martin ratioReturn relative to average drawdown | 36.15 | 9.93 | +26.22 |
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Drawdowns
IWFV.L vs. WCOM.L - Drawdown Comparison
The maximum IWFV.L drawdown since its inception was -42.78%, which is greater than WCOM.L's maximum drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for IWFV.L and WCOM.L.
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Drawdown Indicators
| IWFV.L | WCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.78% | -27.58% | -15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -14.03% | +6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.86% | -14.03% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -26.41% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -28.79% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -13.32% | +12.60% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -12.31% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.94% | -1.03% |
Volatility
IWFV.L vs. WCOM.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a higher volatility of 5.40% compared to WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) at 4.55%. This indicates that IWFV.L's price experiences larger fluctuations and is considered to be riskier than WCOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWFV.L | WCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 4.55% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 14.99% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 16.43% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 15.27% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 13.96% | +3.95% |
IWFV.L vs. WCOM.L - Expense Ratio Comparison
IWFV.L has a 0.30% expense ratio, which is lower than WCOM.L's 0.35% expense ratio.
Dividends
IWFV.L vs. WCOM.L - Dividend Comparison
Neither IWFV.L nor WCOM.L has paid dividends to shareholders.
Frequently Asked Questions
IWFV.L and WCOM.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.35% for WCOM.L.
IWFV.L is categorized as Global Equities, while WCOM.L is Commodities. IWFV.L tracks MSCI ACWI Value NR USD, while WCOM.L tracks Optimized Roll Commodity (GBP Hedged). They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.30% for IWFV.L and 0.35% for WCOM.L.
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