WCOB.L vs. BRK-B
WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) is Commodities fund tracking the Optimised Roll Commodity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, WCOB.L returned 7.05%/yr vs 13.44%/yr for BRK-B. At a 0.18 correlation, their price movements are largely independent.
Performance
WCOB.L vs. BRK-B - Performance Comparison
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Different Trading Currencies
WCOB.L is traded in GBp, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WCOB.L achieves a 20.66% return, which is significantly higher than BRK-B's -0.93% return. Over the past 10 years, WCOB.L has underperformed BRK-B with an annualized return of 7.05%, while BRK-B has yielded a comparatively higher 13.44% annualized return.
WCOB.L
- 1D
- 0.45%
- 1M
- -8.38%
- YTD
- 20.66%
- 6M
- 20.18%
- 1Y
- 33.09%
- 3Y*
- 10.36%
- 5Y*
- 10.99%
- 10Y*
- 7.05%
BRK-B
- 1D
- -1.63%
- 1M
- 2.78%
- YTD
- -0.93%
- 6M
- -0.42%
- 1Y
- 3.85%
- 3Y*
- 12.04%
- 5Y*
- 13.00%
- 10Y*
- 13.44%
WCOB.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 20.66% | 7.73% | 4.50% | -12.06% | 26.46% | 28.35% | -2.13% | 3.31% | -3.90% | -4.31% |
BRK-B Berkshire Hathaway Inc. | -0.93% | 2.99% | 29.31% | 9.69% | 15.59% | 30.17% | -0.64% | 6.71% | 9.11% | 11.10% |
Correlation
The correlation between WCOB.L and BRK-B 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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.18 |
The correlation between WCOB.L and BRK-B shifts across timeframes, from 0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCOB.L vs. BRK-B — Risk / Return Rank
WCOB.L
BRK-B
WCOB.L vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) and Berkshire Hathaway Inc. (BRK-B). 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.
| WCOB.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.06 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 0.33 | +2.44 |
| Martin ratioReturn relative to average drawdown | 12.09 | 0.70 | +11.39 |
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Drawdowns
WCOB.L vs. BRK-B - Drawdown Comparison
The maximum WCOB.L drawdown since its inception was -33.06%, smaller than the maximum BRK-B drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for WCOB.L and BRK-B.
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Drawdown Indicators
| WCOB.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.06% | -37.92% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -11.88% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -17.26% | -8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.14% | -20.84% | -6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -27.14% | -21.44% | -5.70% |
Current DrawdownCurrent decline from peak | -11.52% | -10.78% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -17.92% | -7.41% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 5.54% | -2.81% |
Volatility
WCOB.L vs. BRK-B - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) and Berkshire Hathaway Inc. (BRK-B) have volatilities of 4.43% and 4.40%, 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
| WCOB.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.40% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 11.86% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.36% | 15.68% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 16.92% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 19.79% | -3.08% |
Dividends
WCOB.L vs. BRK-B - Dividend Comparison
Neither WCOB.L nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
WCOB.L and BRK-B 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.
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