WCOG.L vs. ROLG.L
WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both Commodities funds - WCOG.L tracks the Optimised Roll Commodity while ROLG.L tracks the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, WCOG.L returned 12.72%/yr vs 14.55%/yr for ROLG.L. Their correlation of 0.91 suggests significant overlap in exposure. WCOG.L charges 0.35%/yr vs 0.28%/yr for ROLG.L.
Performance
WCOG.L vs. ROLG.L - Performance Comparison
Loading charts...
Different Trading Currencies
WCOG.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.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 31.19% return, which is significantly higher than ROLG.L's 27.75% return.
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%
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 10Y*
- —
WCOG.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD | 31.19% | 7.94% | 4.45% | -12.14% | 26.35% | 28.38% | -2.08% | 3.07% | -7.64% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
Correlation
The correlation between WCOG.L and ROLG.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.91 |
The correlation between WCOG.L and ROLG.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WCOG.L vs. ROLG.L — Risk / Return Rank
WCOG.L
ROLG.L
WCOG.L vs. ROLG.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 Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 6.47 | +0.15 |
| Martin ratioReturn relative to average drawdown | 16.47 | 18.28 | -1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WCOG.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.65 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.82 | +0.01 |
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 | 0.59 | +0.06 |
Drawdowns
WCOG.L vs. ROLG.L - Drawdown Comparison
The maximum WCOG.L drawdown since its inception was -27.05%, which is greater than ROLG.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for WCOG.L and ROLG.L.
Loading charts...
Drawdown Indicators
| WCOG.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -22.66% | -4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.81% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -13.27% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -19.85% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -4.56% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -8.98% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.42% | +0.33% |
Volatility
WCOG.L vs. ROLG.L - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) and iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) have volatilities of 6.08% and 5.90%, 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.
Loading charts...
Volatility by Period
| WCOG.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 5.90% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 13.98% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 16.69% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 17.69% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 16.98% | -2.96% |
WCOG.L vs. ROLG.L - Expense Ratio Comparison
WCOG.L has a 0.35% expense ratio, which is higher than ROLG.L's 0.28% expense ratio.
Dividends
WCOG.L vs. ROLG.L - Dividend Comparison
WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while ROLG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 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 0.96, WCOG.L and ROLG.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, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.35% for WCOG.L.
WCOG.L tracks Optimised Roll Commodity, while ROLG.L tracks Bloomberg Roll Select Commodity. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOG.L and 0.28% for ROLG.L.
Find the right allocation for WCOG.L and ROLG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer