SOYO.L vs. WEAT.L
Compare and contrast key facts about WisdomTree Soybean Oil (SOYO.L) and WisdomTree Wheat (WEAT.L).
SOYO.L and WEAT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOYO.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Soybean Oil. It was launched on Sep 22, 2006. WEAT.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Wheat. It was launched on Sep 22, 2006. Both SOYO.L and WEAT.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOYO.L or WEAT.L.
Key characteristics
| SOYO.L | WEAT.L | |
|---|---|---|
| YTD Return | -5.86% | -21.04% |
| 1Y Return | -12.45% | -15.05% |
| 3Y Return (Ann) | -1.52% | -20.14% |
| 5Y Return (Ann) | 13.44% | -5.69% |
| 10Y Return (Ann) | 3.38% | -8.75% |
| Sharpe Ratio | -0.45 | -0.50 |
| Sortino Ratio | -0.48 | -0.56 |
| Omega Ratio | 0.95 | 0.94 |
| Calmar Ratio | -0.19 | -0.15 |
| Martin Ratio | -0.78 | -0.84 |
| Ulcer Index | 15.57% | 16.48% |
| Daily Std Dev | 27.14% | 28.03% |
| Max Drawdown | -81.90% | -93.61% |
| Current Drawdown | -57.39% | -93.56% |
Correlation
The correlation between SOYO.L and WEAT.L is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SOYO.L vs. WEAT.L - Performance Comparison
In the year-to-date period, SOYO.L achieves a -5.86% return, which is significantly higher than WEAT.L's -21.04% return. Over the past 10 years, SOYO.L has outperformed WEAT.L with an annualized return of 3.38%, while WEAT.L has yielded a comparatively lower -8.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOYO.L vs. WEAT.L - Expense Ratio Comparison
Both SOYO.L and WEAT.L have an expense ratio of 0.49%.
Risk-Adjusted Performance
SOYO.L vs. WEAT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Soybean Oil (SOYO.L) and WisdomTree Wheat (WEAT.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.
Dividends
SOYO.L vs. WEAT.L - Dividend Comparison
Neither SOYO.L nor WEAT.L has paid dividends to shareholders.
Drawdowns
SOYO.L vs. WEAT.L - Drawdown Comparison
The maximum SOYO.L drawdown since its inception was -81.90%, smaller than the maximum WEAT.L drawdown of -93.61%. Use the drawdown chart below to compare losses from any high point for SOYO.L and WEAT.L. For additional features, visit the drawdowns tool.
Volatility
SOYO.L vs. WEAT.L - Volatility Comparison
WisdomTree Soybean Oil (SOYO.L) has a higher volatility of 9.01% compared to WisdomTree Wheat (WEAT.L) at 5.77%. This indicates that SOYO.L's price experiences larger fluctuations and is considered to be riskier than WEAT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.