WCOG.L vs. WCOB.L
WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) are both Commodities funds from WisdomTree tracking the Optimised Roll Commodity. Both are passively managed. Over the past 5 years, WCOG.L returned 12.72%/yr vs 12.74%/yr for WCOB.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
WCOG.L vs. WCOB.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WCOG.L having a 31.19% return and WCOB.L slightly higher at 31.29%.
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%
WCOB.L
- 1D
- -1.15%
- 1M
- -1.32%
- YTD
- 31.29%
- 6M
- 31.55%
- 1Y
- 45.40%
- 3Y*
- 13.21%
- 5Y*
- 12.74%
- 10Y*
- —
WCOG.L vs. WCOB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD | 31.19% | 7.94% | 4.45% | -12.14% | 26.35% | 28.38% | -2.08% | 3.07% | -3.67% | -3.42% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 31.29% | 7.73% | 4.50% | -12.06% | 25.92% | 28.89% | -3.11% | 3.86% | -3.43% | -3.53% |
Correlation
The correlation between WCOG.L and WCOB.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017 | 0.77 |
Over the past year, WCOG.L and WCOB.L have become more correlated (0.99) than their long-term average of 0.77, meaning their price movements have been converging.
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Return for Risk
WCOG.L vs. WCOB.L — Risk / Return Rank
WCOG.L
WCOB.L
WCOG.L vs. WCOB.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 WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.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 | WCOB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 6.47 | +0.15 |
| Martin ratioReturn relative to average drawdown | 16.47 | 16.38 | +0.09 |
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 | WCOB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.57 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.83 | 0.00 |
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 | 0.66 | -0.01 |
Drawdowns
WCOG.L vs. WCOB.L - Drawdown Comparison
The maximum WCOG.L drawdown since its inception was -27.05%, roughly equal to the maximum WCOB.L drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for WCOG.L and WCOB.L.
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Drawdown Indicators
| WCOG.L | WCOB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -27.14% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.98% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -13.74% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -27.14% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -3.72% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -11.70% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.76% | -0.01% |
Volatility
WCOG.L vs. WCOB.L - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) and WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) have volatilities of 6.08% and 5.81%, 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.
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Volatility by Period
| WCOG.L | WCOB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 5.81% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 15.36% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 17.59% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 15.37% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 15.90% | -1.88% |
WCOG.L vs. WCOB.L - Expense Ratio Comparison
Both WCOG.L and WCOB.L have an expense ratio of 0.35%.
Dividends
WCOG.L vs. WCOB.L - Dividend Comparison
WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while WCOB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD 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
With a correlation of 0.99, WCOG.L and WCOB.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.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WCOG.L and WCOB.L have the same expense ratio: 0.35% per year.
Both ETFs track Optimised Roll Commodity.
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