SLVR.L vs. WCOB.L
SLVR.L (WisdomTree Silver) and WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while WCOB.L is a Commodities fund tracking the Optimised Roll Commodity. Both are passively managed. Over the past 10 years, SLVR.L returned 8.29%/yr vs 7.62%/yr for WCOB.L. At a 0.37 correlation, their price movements are largely independent. SLVR.L charges 0.49%/yr vs 0.35%/yr for WCOB.L.
Performance
SLVR.L vs. WCOB.L - Performance Comparison
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Different Trading Currencies
SLVR.L is traded in USD, while WCOB.L is traded in GBp. To make them comparable, the WCOB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVR.L achieves a -21.70% return, which is significantly lower than WCOB.L's 26.09% return. Over the past 10 years, SLVR.L has outperformed WCOB.L with an annualized return of 8.29%, while WCOB.L has yielded a comparatively lower 7.62% annualized return.
SLVR.L
- 1D
- -1.11%
- 1M
- -21.10%
- 6M
- -37.16%
- YTD
- -21.70%
- 1Y
- 43.88%
- 3Y*
- 27.84%
- 5Y*
- 14.56%
- 10Y*
- 8.29%
WCOB.L
- 1D
- 0.64%
- 1M
- 2.89%
- 6M
- 20.15%
- YTD
- 26.09%
- 1Y
- 36.17%
- 3Y*
- 13.22%
- 5Y*
- 10.77%
- 10Y*
- 7.62%
SLVR.L vs. WCOB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVR.L WisdomTree Silver | -21.70% | 136.69% | 20.17% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.15% | 1.46% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 26.09% | 15.86% | 2.76% | -7.43% | 12.94% | 27.19% | 0.87% | 7.46% | -9.34% | 4.80% |
Correlation
The correlation between SLVR.L and WCOB.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.37 |
The correlation between SLVR.L and WCOB.L shifts across timeframes, from 0.21 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SLVR.L vs. WCOB.L — Risk / Return Rank
SLVR.L
WCOB.L
SLVR.L vs. WCOB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.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.
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.
| SLVR.L | WCOB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.59 | -1.73 |
| Martin ratioReturn relative to average drawdown | 1.78 | 8.82 | -7.05 |
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Drawdowns
SLVR.L vs. WCOB.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -80.08%, which is greater than WCOB.L's maximum drawdown of -44.63%. Use the drawdown chart below to compare losses from any high point for SLVR.L and WCOB.L.
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Drawdown Indicators
| SLVR.L | WCOB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -44.63% | -35.45% |
Max Drawdown (1Y)Largest decline over 1 year | -51.20% | -13.92% | -37.28% |
Max Drawdown (3Y)Largest decline over 3 years | -51.20% | -23.60% | -27.60% |
Max Drawdown (5Y)Largest decline over 5 years | -51.20% | -24.44% | -26.76% |
Max Drawdown (10Y)Largest decline over 10 years | -51.20% | -28.21% | -22.99% |
Current DrawdownCurrent decline from peak | -51.20% | -7.54% | -43.66% |
Average DrawdownAverage peak-to-trough decline | -52.46% | -21.74% | -30.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.62% | 4.09% | +20.53% |
Volatility
SLVR.L vs. WCOB.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 13.13% compared to WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) at 4.96%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier 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
| SLVR.L | WCOB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 4.96% | +8.17% |
Volatility (6M)Calculated over the trailing 6-month period | 55.36% | 15.48% | +39.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.24% | 17.39% | +43.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.52% | 20.69% | +16.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 16.67% | +15.61% |
SLVR.L vs. WCOB.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than WCOB.L's 0.35% expense ratio.
Dividends
SLVR.L vs. WCOB.L - Dividend Comparison
Neither SLVR.L nor WCOB.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and WCOB.L have a correlation of 0.21, 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 0.49% for SLVR.L.
SLVR.L is categorized as Silver, while WCOB.L is Commodities. SLVR.L tracks Bloomberg Silver Subindex, while WCOB.L tracks Optimised Roll Commodity. Their fees differ too: 0.49% for SLVR.L and 0.35% for WCOB.L.
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