SOYO.L vs. COPA.L
SOYO.L (WisdomTree Soybean Oil) and COPA.L (WisdomTree Copper) are both exchange-traded funds - SOYO.L is a Agricultural Commodities fund tracking the Bloomberg Soybean Oil, while COPA.L is a Metals fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, SOYO.L returned 9.57%/yr vs 10.33%/yr for COPA.L. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
SOYO.L vs. COPA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SOYO.L achieves a 55.41% return, which is significantly higher than COPA.L's 13.93% return. Over the past 10 years, SOYO.L has underperformed COPA.L with an annualized return of 9.57%, while COPA.L has yielded a comparatively higher 10.33% annualized return.
SOYO.L
- 1D
- -3.45%
- 1M
- -0.26%
- YTD
- 55.41%
- 6M
- 47.62%
- 1Y
- 62.54%
- 3Y*
- 18.64%
- 5Y*
- 6.66%
- 10Y*
- 9.57%
COPA.L
- 1D
- 0.27%
- 1M
- 9.03%
- YTD
- 13.93%
- 6M
- 21.07%
- 1Y
- 30.28%
- 3Y*
- 19.08%
- 5Y*
- 7.06%
- 10Y*
- 10.33%
SOYO.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOYO.L WisdomTree Soybean Oil | 55.41% | 20.93% | -16.19% | -20.85% | 31.60% | 49.66% | 13.00% | 19.09% | -18.74% | -9.81% |
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
Correlation
The correlation between SOYO.L and COPA.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.21 |
The correlation between SOYO.L and COPA.L shifts across timeframes, from -0.05 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOYO.L vs. COPA.L — Risk / Return Rank
SOYO.L
COPA.L
SOYO.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Soybean Oil (SOYO.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.
| SOYO.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.19 | +2.94 |
| Martin ratioReturn relative to average drawdown | 9.03 | 2.57 | +6.46 |
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
| SOYO.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.91 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.27 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.44 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.09 | +0.03 |
Drawdowns
SOYO.L vs. COPA.L - Drawdown Comparison
The maximum SOYO.L drawdown since its inception was -81.90%, which is greater than COPA.L's maximum drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for SOYO.L and COPA.L.
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Drawdown Indicators
| SOYO.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -67.44% | -14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -25.25% | +10.20% |
Max Drawdown (3Y)Largest decline over 3 years | -39.69% | -25.25% | -14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -46.60% | -34.64% | -11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -46.60% | -38.75% | -7.85% |
Current DrawdownCurrent decline from peak | -28.72% | -2.26% | -26.46% |
Average DrawdownAverage peak-to-trough decline | -57.06% | -33.24% | -23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 11.73% | -4.83% |
Volatility
SOYO.L vs. COPA.L - Volatility Comparison
The current volatility for WisdomTree Soybean Oil (SOYO.L) is 7.90%, while WisdomTree Copper (COPA.L) has a volatility of 8.83%. This indicates that SOYO.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.
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Volatility by Period
| SOYO.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 8.83% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 18.91% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.73% | 33.17% | -9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 26.20% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 23.28% | +2.04% |
SOYO.L vs. COPA.L - Expense Ratio Comparison
Both SOYO.L and COPA.L have an expense ratio of 0.49%.
Dividends
SOYO.L vs. COPA.L - Dividend Comparison
Neither SOYO.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
SOYO.L and COPA.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SOYO.L and COPA.L have the same expense ratio: 0.49% per year.
SOYO.L is categorized as Agricultural Commodities, while COPA.L is Metals. SOYO.L tracks Bloomberg Soybean Oil, while COPA.L tracks Bloomberg Copper Subindex.
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