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WCOG.L vs. ICOM.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WCOG.L vs. ICOM.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) and iShares Diversified Commodity Swap UCITS ETF (ICOM.L).

WCOG.L and ICOM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WCOG.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Commodity. It was launched on Apr 27, 2016. ICOM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity (Total Return Index). It was launched on Jul 18, 2017. Both WCOG.L and ICOM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WCOG.L vs. ICOM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) and iShares Diversified Commodity Swap UCITS ETF (ICOM.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD		27.07%7.94%4.45%-12.14%26.35%28.38%-2.08%3.07%-3.67%2.73%
ICOM.L
iShares Diversified Commodity Swap UCITS ETF		24.95%8.16%6.90%-12.66%28.48%28.25%-6.57%2.69%-4.87%2.50%
Different Trading Currencies

WCOG.L is traded in GBp, while ICOM.L is traded in USD. To make them comparable, the ICOM.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, WCOG.L achieves a 27.07% return, which is significantly higher than ICOM.L's 24.95% return.

WCOG.L

1D
-2.04%
1M
9.36%
YTD
27.07%
6M
33.15%
1Y
31.21%
3Y*
10.24%
5Y*
14.20%
10Y*
—

ICOM.L

1D
-1.58%
1M
10.16%
YTD
24.95%
6M
32.87%
1Y
27.64%
3Y*
10.83%
5Y*
14.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Enhanced Commodity UCITS ETF USD

iShares Diversified Commodity Swap UCITS ETF

Often compared with WCOG.L:
WCOG.L vs. GSGWCOG.L vs. PMLP.LWCOG.L vs. DBMFWCOG.L vs. COMX.LWCOG.L vs. ETRA.LWCOG.L vs. BCOG.LWCOG.L vs. CMFP.L
Often compared with ICOM.L:
ICOM.L vs. SXRS.DEICOM.L vs. CMOP.LICOM.L vs. GLDN.AXICOM.L vs. SGLP.LICOM.L vs. ENCG.LICOM.L vs. BCOG.LICOM.L vs. COMX.L

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

WCOG.L has a 0.35% expense ratio, which is higher than ICOM.L's 0.19% expense ratio.

WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD
ICOM.L
iShares Diversified Commodity Swap UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WCOG.L
WCOG.L Risk / Return Rank: 9090
Overall Rank
WCOG.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
WCOG.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
WCOG.L Omega Ratio Rank: 8787
Omega Ratio Rank
WCOG.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
WCOG.L Martin Ratio Rank: 8787
Martin Ratio Rank
ICOM.L
ICOM.L Risk / Return Rank: 8787
Overall Rank
ICOM.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ICOM.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
ICOM.L Omega Ratio Rank: 8585
Omega Ratio Rank
ICOM.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
ICOM.L Martin Ratio Rank: 8181
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) and iShares Diversified Commodity Swap UCITS ETF (ICOM.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.

WCOG.LICOM.LDifference

Sharpe ratio

Return per unit of total volatility

2.02

1.64

+0.38

Sortino ratio

Return per unit of downside risk

2.75

2.19

+0.57

Omega ratio

Gain probability vs. loss probability

1.37

1.31

+0.07

Calmar ratio

Return relative to maximum drawdown

4.64

3.80

+0.84

Martin ratio

Return relative to average drawdown

11.64

8.52

+3.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current WCOG.L Sharpe Ratio is 2.02, which is comparable to the ICOM.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of WCOG.L and ICOM.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WCOG.LICOM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.64

+0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.88

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.53

+0.12

Correlation

The correlation between WCOG.L and ICOM.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WCOG.L vs. ICOM.L - Dividend Comparison

WCOG.L's dividend yield for the trailing twelve months is around 2.76%, while ICOM.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018
WCOG.L
WisdomTree Enhanced Commodity UCITS ETF USD		2.76%4.56%4.54%0.65%0.00%0.30%1.64%1.64%0.46%
ICOM.L
iShares Diversified Commodity Swap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

WCOG.L vs. ICOM.L - Drawdown Comparison

The maximum WCOG.L drawdown since its inception was -27.05%, smaller than the maximum ICOM.L drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for WCOG.L and ICOM.L.

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Drawdown Indicators

WCOG.LICOM.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.05%

-33.13%

+6.08%

Max Drawdown (1Y)

Largest decline over 1 year

-7.79%

-8.86%

+1.07%

Max Drawdown (5Y)

Largest decline over 5 years

-27.05%

-26.74%

-0.31%

Current Drawdown

Current decline from peak

-2.04%

-1.35%

-0.69%

Average Drawdown

Average peak-to-trough decline

-11.12%

-13.08%

+1.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

3.04%

-0.32%

Volatility

WCOG.L vs. ICOM.L - Volatility Comparison

The current volatility for WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) is 7.38%, while iShares Diversified Commodity Swap UCITS ETF (ICOM.L) has a volatility of 8.31%. This indicates that WCOG.L experiences smaller price fluctuations and is considered to be less risky than ICOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WCOG.LICOM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.38%

8.31%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

12.38%

13.81%

-1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.41%

16.79%

-1.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

16.37%

-1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.70%

15.52%

-1.82%