WCOG.L vs. RICI.L
WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and RICI.L (Market Access Rogers International Commodity UCITS ETF) are both Commodities funds - WCOG.L tracks the Optimised Roll Commodity while RICI.L tracks the Rogers International Commodity (RICI). Both are passively managed. Over the past 5 years, WCOG.L returned 12.72%/yr vs 13.77%/yr for RICI.L. Their correlation of 0.84 suggests significant overlap in exposure. WCOG.L charges 0.35%/yr vs 0.60%/yr for RICI.L.
Performance
WCOG.L vs. RICI.L - Performance Comparison
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Different Trading Currencies
WCOG.L is traded in GBp, while RICI.L is traded in GBP. To make them comparable, the RICI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with WCOG.L having a 31.19% return and RICI.L slightly higher at 32.73%.
WCOG.L
- 1D
- -1.18%
- 1M
- -1.93%
- YTD
- 31.19%
- 6M
- 31.55%
- 1Y
- 45.33%
- 3Y*
- 13.10%
- 5Y*
- 12.72%
- 10Y*
- 8.85%
RICI.L
- 1D
- -1.29%
- 1M
- -3.28%
- YTD
- 32.73%
- 6M
- 31.58%
- 1Y
- 43.29%
- 3Y*
- 11.94%
- 5Y*
- 13.77%
- 10Y*
- —
WCOG.L vs. RICI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD | 31.19% | 7.94% | 4.45% | -12.14% | 26.35% | 28.38% | 10.75% |
RICI.L Market Access Rogers International Commodity UCITS ETF | 32.73% | -0.85% | 6.32% | -10.69% | 30.66% | 42.40% | 19.41% |
Correlation
The correlation between WCOG.L and RICI.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.84 |
The correlation between WCOG.L and RICI.L has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
WCOG.L vs. RICI.L — Risk / Return Rank
WCOG.L
RICI.L
WCOG.L vs. RICI.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 Market Access Rogers International Commodity UCITS ETF (RICI.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.L | RICI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 5.16 | +1.46 |
| Martin ratioReturn relative to average drawdown | 16.47 | 11.22 | +5.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WCOG.L | RICI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.04 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.74 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.97 | -0.32 |
Drawdowns
WCOG.L vs. RICI.L - Drawdown Comparison
The maximum WCOG.L drawdown since its inception was -27.05%, roughly equal to the maximum RICI.L drawdown of -26.97%. Use the drawdown chart below to compare losses from any high point for WCOG.L and RICI.L.
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Drawdown Indicators
| WCOG.L | RICI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -26.97% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -8.35% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -16.40% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -26.97% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -5.90% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -12.19% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.85% | -1.10% |
Volatility
WCOG.L vs. RICI.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) is 6.08%, while Market Access Rogers International Commodity UCITS ETF (RICI.L) has a volatility of 7.17%. This indicates that WCOG.L experiences smaller price fluctuations and is considered to be less risky than RICI.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.L | RICI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 7.17% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 18.33% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 21.17% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 18.73% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 18.88% | -4.86% |
WCOG.L vs. RICI.L - Expense Ratio Comparison
WCOG.L has a 0.35% expense ratio, which is lower than RICI.L's 0.60% expense ratio.
Dividends
WCOG.L vs. RICI.L - Dividend Comparison
WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while RICI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RICI.L Market Access Rogers International Commodity UCITS ETF | 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 | 2.68% | 4.56% | 4.54% | 0.65% | 0.00% | 0.30% | 1.64% | 1.64% | 0.46% |
Frequently Asked Questions
With a correlation of 0.92, WCOG.L and RICI.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.
On fees, WCOG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCOG.L is cheaper with a 0.35% expense ratio, compared with 0.60% for RICI.L.
WCOG.L tracks Optimised Roll Commodity, while RICI.L tracks Rogers International Commodity (RICI). They also come from different issuers: WisdomTree and China Post Global. Their fees differ too: 0.35% for WCOG.L and 0.60% for RICI.L.
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