WCOG.L vs. UD07.L

Last updated Jun 5, 2026

WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds - WCOG.L tracks the Optimised Roll Commodity while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, WCOG.L returned 12.72%/yr vs 13.21%/yr for UD07.L. Their correlation of 0.93 suggests significant overlap in exposure. WCOG.L charges 0.35%/yr vs 0.34%/yr for UD07.L.

Performance

WCOG.L vs. UD07.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 UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCOG.L achieves a 31.19% return, which is significantly higher than UD07.L's 19.95% 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%

UD07.L

• 1D: -1.21%
• 1M: -1.41%
• YTD: 19.95%
• 6M: 19.54%
• 1Y: 33.96%
• 3Y*: 11.52%
• 5Y*: 13.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WCOG.L vs. UD07.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%	-2.46%
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	19.95%	9.88%	6.26%	-10.97%	32.08%	31.93%	-1.26%	2.82%	-2.04%

Correlation

The correlation between WCOG.L and UD07.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.93

The correlation between WCOG.L and UD07.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

WCOG.L vs. UD07.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: 80
WCOG.L Sharpe Ratio Rank: 79
WCOG.L Sortino Ratio Rank: 70
WCOG.L Omega Ratio Rank: 78
WCOG.L Calmar Ratio Rank: 93
WCOG.L Martin Ratio Rank: 83

UD07.L

UD07.L Risk / Return Rank: 72
UD07.L Sharpe Ratio Rank: 70
UD07.L Sortino Ratio Rank: 62
UD07.L Omega Ratio Rank: 69
UD07.L Calmar Ratio Rank: 89
UD07.L Martin Ratio Rank: 72

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. UD07.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 UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.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	UD07.L	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.27	+0.25
Sortino ratio: Return per unit of downside risk	3.12	2.87	+0.26
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	6.62	5.19	+1.43
Martin ratio: Return relative to average drawdown	16.47	13.25	+3.22
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. UD07.L - Sharpe Ratio Comparison

The current WCOG.L Sharpe Ratio is 2.52, which is comparable to the UD07.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of WCOG.L and UD07.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WCOG.L	UD07.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.27	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.46	+0.37
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	0.41	+0.23

Drawdowns

WCOG.L vs. UD07.L - Drawdown Comparison

The maximum WCOG.L drawdown since its inception was -27.05%, smaller than the maximum UD07.L drawdown of -39.71%. Use the drawdown chart below to compare losses from any high point for WCOG.L and UD07.L.

Drawdown Indicators

	WCOG.L	UD07.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.05%	-39.71%	+12.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-6.51%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-12.61%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.05%	-39.71%	+12.66%
Max Drawdown (10Y) Largest decline over 10 years	-27.05%	—	—
Current Drawdown Current decline from peak	-3.73%	-12.41%	+8.68%
Average Drawdown Average peak-to-trough decline	-10.98%	-18.80%	+7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.56%	+0.19%

Volatility

WCOG.L vs. UD07.L - Volatility Comparison

WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) has a higher volatility of 6.08% compared to UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) at 5.12%. This indicates that WCOG.L's price experiences larger fluctuations and is considered to be riskier than UD07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCOG.L	UD07.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	5.12%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	12.57%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	17.93%	14.93%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	28.79%	-13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	23.77%	-9.75%

WCOG.L vs. UD07.L - Expense Ratio Comparison

WCOG.L has a 0.35% expense ratio, which is higher than UD07.L's 0.34% expense ratio.

Dividends

WCOG.L vs. UD07.L - Dividend Comparison

WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while UD07.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	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

Can I hold both WCOG.L and UD07.L in my portfolio?

With a correlation of 0.93, WCOG.L and UD07.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.

Which ETF is better, WCOG.L or UD07.L?

On fees, UD07.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCOG.L or UD07.L?

UD07.L is cheaper with a 0.34% expense ratio, compared with 0.35% for WCOG.L.

What is the main difference between WCOG.L and UD07.L?

WCOG.L tracks Optimised Roll Commodity, while UD07.L tracks UBS BCOM Constant Maturity. They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.35% for WCOG.L and 0.34% for UD07.L.