WCOB.L vs. SXR8.DE
WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - WCOB.L is a Commodities fund tracking the Optimised Roll Commodity, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, WCOB.L returned 8.11%/yr vs 15.83%/yr for SXR8.DE. At a 0.27 correlation, their price movements are largely independent. WCOB.L charges 0.35%/yr vs 0.07%/yr for SXR8.DE.
Performance
WCOB.L vs. SXR8.DE - Performance Comparison
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Different Trading Currencies
WCOB.L is traded in GBp, while SXR8.DE is traded in EUR. To make them comparable, the SXR8.DE 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 25.92% return, which is significantly higher than SXR8.DE's 8.77% return. Over the past 10 years, WCOB.L has underperformed SXR8.DE with an annualized return of 8.11%, while SXR8.DE has yielded a comparatively higher 15.83% annualized return.
WCOB.L
- 1D
- -1.77%
- 1M
- -6.96%
- YTD
- 25.92%
- 6M
- 27.19%
- 1Y
- 34.85%
- 3Y*
- 11.95%
- 5Y*
- 11.56%
- 10Y*
- 8.11%
SXR8.DE
- 1D
- 1.54%
- 1M
- -0.51%
- YTD
- 8.77%
- 6M
- 9.10%
- 1Y
- 26.63%
- 3Y*
- 18.28%
- 5Y*
- 14.38%
- 10Y*
- 15.83%
WCOB.L vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 25.92% | 7.73% | 4.50% | -12.06% | 26.46% | 28.35% | -2.13% | 3.31% | -3.90% | -4.31% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 8.77% | 10.18% | 26.55% | 20.03% | -9.61% | 30.81% | 12.83% | 27.49% | 0.35% | 11.23% |
Correlation
The correlation between WCOB.L and SXR8.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.27 |
The correlation between WCOB.L and SXR8.DE shifts across timeframes, from -0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCOB.L vs. SXR8.DE — Risk / Return Rank
WCOB.L
SXR8.DE
WCOB.L vs. SXR8.DE - 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 iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 3.71 | +1.13 |
| Martin ratioReturn relative to average drawdown | 12.75 | 13.16 | -0.41 |
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Drawdowns
WCOB.L vs. SXR8.DE - Drawdown Comparison
The maximum WCOB.L drawdown since its inception was -33.06%, which is greater than SXR8.DE's maximum drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for WCOB.L and SXR8.DE.
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Drawdown Indicators
| WCOB.L | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.06% | -31.44% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -7.07% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -22.03% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.14% | -22.03% | -5.11% |
Max Drawdown (10Y)Largest decline over 10 years | -27.14% | -26.38% | -0.76% |
Current DrawdownCurrent decline from peak | -7.65% | -1.81% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -17.95% | -5.16% | -12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.00% | +0.91% |
Volatility
WCOB.L vs. SXR8.DE - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) has a higher volatility of 4.95% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 3.20%. This indicates that WCOB.L's price experiences larger fluctuations and is considered to be riskier than SXR8.DE 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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 3.20% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 7.73% | +7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 11.34% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 14.76% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 15.97% | +0.90% |
WCOB.L vs. SXR8.DE - Expense Ratio Comparison
WCOB.L has a 0.35% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
WCOB.L vs. SXR8.DE - Dividend Comparison
Neither WCOB.L nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
WCOB.L and SXR8.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for WCOB.L.
WCOB.L is categorized as Commodities, while SXR8.DE is S&P 500. WCOB.L tracks Optimised Roll Commodity, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOB.L and 0.07% for SXR8.DE.
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