SUGA.L vs. COPA.L
SUGA.L (WisdomTree Sugar) and COPA.L (WisdomTree Copper) are both exchange-traded funds - SUGA.L is a Agricultural Commodities fund tracking the Bloomberg Sugar, while COPA.L is a Metals fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 10 years, SUGA.L returned -2.92%/yr vs 10.33%/yr for COPA.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
SUGA.L vs. COPA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUGA.L achieves a -3.17% return, which is significantly lower than COPA.L's 13.93% return. Over the past 10 years, SUGA.L has underperformed COPA.L with an annualized return of -2.92%, while COPA.L has yielded a comparatively higher 10.33% annualized return.
SUGA.L
- 1D
- -0.86%
- 1M
- -7.18%
- YTD
- -3.17%
- 6M
- -2.16%
- 1Y
- -17.30%
- 3Y*
- -11.77%
- 5Y*
- 1.18%
- 10Y*
- -2.92%
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%
SUGA.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUGA.L WisdomTree Sugar | -3.17% | -17.47% | -5.25% | 23.23% | 11.54% | 23.41% | 6.59% | -0.53% | -24.60% | -27.09% |
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 SUGA.L and COPA.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.20 |
The correlation between SUGA.L and COPA.L shifts across timeframes, from -0.04 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUGA.L vs. COPA.L — Risk / Return Rank
SUGA.L
COPA.L
SUGA.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Sugar (SUGA.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.
| SUGA.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.22 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.19 | -1.99 |
| Martin ratioReturn relative to average drawdown | -1.31 | 2.57 | -3.88 |
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
| SUGA.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 0.91 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.27 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 0.44 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.09 | -0.19 |
Drawdowns
SUGA.L vs. COPA.L - Drawdown Comparison
The maximum SUGA.L drawdown since its inception was -83.65%, 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 SUGA.L and COPA.L.
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Drawdown Indicators
| SUGA.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -67.44% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -25.25% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -43.76% | -25.25% | -18.51% |
Max Drawdown (5Y)Largest decline over 5 years | -43.76% | -34.64% | -9.12% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -38.75% | -29.08% |
Current DrawdownCurrent decline from peak | -68.67% | -2.26% | -66.41% |
Average DrawdownAverage peak-to-trough decline | -51.34% | -33.24% | -18.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.20% | 11.73% | +1.47% |
Volatility
SUGA.L vs. COPA.L - Volatility Comparison
WisdomTree Sugar (SUGA.L) and WisdomTree Copper (COPA.L) have volatilities of 8.76% and 8.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUGA.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 8.83% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 18.91% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.70% | 33.17% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 26.20% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 23.28% | +2.62% |
SUGA.L vs. COPA.L - Expense Ratio Comparison
Both SUGA.L and COPA.L have an expense ratio of 0.49%.
Dividends
SUGA.L vs. COPA.L - Dividend Comparison
Neither SUGA.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
SUGA.L and COPA.L have a correlation of -0.04, 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.
SUGA.L and COPA.L have the same expense ratio: 0.49% per year.
SUGA.L is categorized as Agricultural Commodities, while COPA.L is Metals. SUGA.L tracks Bloomberg Sugar, while COPA.L tracks Bloomberg Copper Subindex.
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