WCOB.L vs. COMF.L
WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) and COMF.L (L&G Longer Dated All Commodities UCITS ETF) are both Commodities funds - WCOB.L tracks the Optimised Roll Commodity while COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 10 years, WCOB.L returned 7.24%/yr vs 7.95%/yr for COMF.L. Their correlation of 0.84 suggests significant overlap in exposure. WCOB.L charges 0.35%/yr vs 0.30%/yr for COMF.L.
Performance
WCOB.L vs. COMF.L - Performance Comparison
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Different Trading Currencies
WCOB.L is traded in GBp, while COMF.L is traded in USD. To make them comparable, the COMF.L 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 24.89% return, which is significantly higher than COMF.L's 14.74% return. Over the past 10 years, WCOB.L has underperformed COMF.L with an annualized return of 7.24%, while COMF.L has yielded a comparatively higher 7.95% annualized return.
WCOB.L
- 1D
- -0.73%
- 1M
- 0.26%
- 6M
- 17.51%
- YTD
- 24.89%
- 1Y
- 34.69%
- 3Y*
- 11.93%
- 5Y*
- 11.05%
- 10Y*
- 7.24%
COMF.L
- 1D
- 0.00%
- 1M
- 0.01%
- 6M
- 9.74%
- YTD
- 14.74%
- 1Y
- 22.89%
- 3Y*
- 10.18%
- 5Y*
- 11.54%
- 10Y*
- 7.95%
WCOB.L vs. COMF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 24.89% | 7.73% | 4.50% | -12.06% | 26.46% | 28.35% | -2.13% | 3.31% | -3.90% | -4.31% |
COMF.L L&G Longer Dated All Commodities UCITS ETF | 14.74% | 8.14% | 6.96% | -11.05% | 32.85% | 34.22% | -0.49% | 3.28% | -3.00% | -5.81% |
Correlation
The correlation between WCOB.L and COMF.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.84 |
The correlation between WCOB.L and COMF.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
WCOB.L vs. COMF.L — Risk / Return Rank
WCOB.L
COMF.L
WCOB.L vs. COMF.L - 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 L&G Longer Dated All Commodities UCITS ETF (COMF.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.
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 | COMF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.19 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.21 | 6.78 | +2.42 |
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Drawdowns
WCOB.L vs. COMF.L - Drawdown Comparison
The maximum WCOB.L drawdown since its inception was -33.06%, smaller than the maximum COMF.L drawdown of -50.51%. Use the drawdown chart below to compare losses from any high point for WCOB.L and COMF.L.
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Drawdown Indicators
| WCOB.L | COMF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.06% | -50.51% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -10.49% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -13.06% | -13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.14% | -23.88% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -27.14% | -23.97% | -3.17% |
Current DrawdownCurrent decline from peak | -8.41% | -7.50% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -17.88% | -23.27% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.39% | +0.37% |
Volatility
WCOB.L vs. COMF.L - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) has a higher volatility of 4.78% compared to L&G Longer Dated All Commodities UCITS ETF (COMF.L) at 3.57%. This indicates that WCOB.L's price experiences larger fluctuations and is considered to be riskier than COMF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCOB.L | COMF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 3.57% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 12.14% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 14.53% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 15.17% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 14.17% | +2.52% |
WCOB.L vs. COMF.L - Expense Ratio Comparison
WCOB.L has a 0.35% expense ratio, which is higher than COMF.L's 0.30% expense ratio.
Dividends
WCOB.L vs. COMF.L - Dividend Comparison
Neither WCOB.L nor COMF.L has paid dividends to shareholders.
Frequently Asked Questions
WCOB.L and COMF.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMF.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMF.L is cheaper with a 0.30% expense ratio, compared with 0.35% for WCOB.L.
WCOB.L tracks Optimised Roll Commodity, while COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: WisdomTree and L&G. Their fees differ too: 0.35% for WCOB.L and 0.30% for COMF.L.
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