UD07.L vs. WCOG.L

Last updated Jun 4, 2026

UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) and WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) are both Commodities funds - UD07.L tracks the UBS BCOM Constant Maturity while WCOG.L tracks the Optimised Roll Commodity. Both are passively managed. Over the past 5 years, UD07.L returned 13.48%/yr vs 12.98%/yr for WCOG.L. Their correlation of 0.93 suggests significant overlap in exposure. UD07.L charges 0.34%/yr vs 0.35%/yr for WCOG.L.

Performance

UD07.L vs. WCOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) and WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UD07.L achieves a 21.43% return, which is significantly lower than WCOG.L's 32.75% return.

UD07.L

• 1D: 0.85%
• 1M: 1.49%
• YTD: 21.43%
• 6M: 20.72%
• 1Y: 35.14%
• 3Y*: 12.39%
• 5Y*: 13.48%
• 10Y*: —

WCOG.L

• 1D: 0.97%
• 1M: 0.72%
• YTD: 32.75%
• 6M: 32.96%
• 1Y: 46.54%
• 3Y*: 13.95%
• 5Y*: 12.98%
• 10Y*: 9.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UD07.L vs. WCOG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	21.43%	9.88%	6.26%	-10.97%	32.08%	31.93%	-1.26%	2.82%	-2.04%
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD	32.75%	7.94%	4.45%	-12.14%	26.35%	28.38%	-2.08%	3.07%	-2.46%

Correlation

The correlation between UD07.L and WCOG.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.93

The correlation between UD07.L and WCOG.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

UD07.L vs. WCOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UD07.L

UD07.L Risk / Return Rank: 74
UD07.L Sharpe Ratio Rank: 73
UD07.L Sortino Ratio Rank: 65
UD07.L Omega Ratio Rank: 71
UD07.L Calmar Ratio Rank: 89
UD07.L Martin Ratio Rank: 74

WCOG.L

WCOG.L Risk / Return Rank: 81
WCOG.L Sharpe Ratio Rank: 80
WCOG.L Sortino Ratio Rank: 71
WCOG.L Omega Ratio Rank: 79
WCOG.L Calmar Ratio Rank: 93
WCOG.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UD07.L vs. WCOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) and WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.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.

	UD07.L	WCOG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.59	-0.24
Sortino ratio: Return per unit of downside risk	2.97	3.20	-0.23
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	5.37	6.80	-1.43
Martin ratio: Return relative to average drawdown	13.77	16.97	-3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UD07.L vs. WCOG.L - Sharpe Ratio Comparison

The current UD07.L Sharpe Ratio is 2.35, which is comparable to the WCOG.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of UD07.L and WCOG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UD07.L	WCOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.59	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.85	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.66	-0.24

Drawdowns

UD07.L vs. WCOG.L - Drawdown Comparison

The maximum UD07.L drawdown since its inception was -39.71%, which is greater than WCOG.L's maximum drawdown of -27.05%. Use the drawdown chart below to compare losses from any high point for UD07.L and WCOG.L.

Drawdown Indicators

	UD07.L	WCOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-27.05%	-12.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-6.82%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-13.63%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.71%	-27.05%	-12.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.05%	—
Current Drawdown Current decline from peak	-11.33%	-2.59%	-8.74%
Average Drawdown Average peak-to-trough decline	-18.80%	-10.98%	-7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.74%	-0.19%

Volatility

UD07.L vs. WCOG.L - Volatility Comparison

The current volatility for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) is 5.26%, while WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) has a volatility of 6.16%. This indicates that UD07.L experiences smaller price fluctuations and is considered to be less risky than WCOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UD07.L	WCOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	6.16%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	15.64%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	17.89%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	15.32%	+13.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.77%	14.02%	+9.75%

UD07.L vs. WCOG.L - Expense Ratio Comparison

UD07.L has a 0.34% expense ratio, which is lower than WCOG.L's 0.35% expense ratio.

Dividends

UD07.L vs. WCOG.L - Dividend Comparison

UD07.L has not paid dividends to shareholders, while WCOG.L's dividend yield for the trailing twelve months is around 2.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD	2.64%	4.56%	4.54%	0.65%	0.00%	0.30%	1.64%	1.64%	0.46%

Frequently Asked Questions

Can I hold both UD07.L and WCOG.L in my portfolio?

With a correlation of 0.93, UD07.L and WCOG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UD07.L or WCOG.L?

On fees, UD07.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UD07.L or WCOG.L?

UD07.L is cheaper with a 0.34% expense ratio, compared with 0.35% for WCOG.L.

What is the main difference between UD07.L and WCOG.L?

UD07.L tracks UBS BCOM Constant Maturity, while WCOG.L tracks Optimised Roll Commodity. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for UD07.L and 0.35% for WCOG.L.