WCOG.L vs. XDBG.L
WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both Commodities funds - WCOG.L tracks the Optimised Roll Commodity while XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past 10 years, WCOG.L returned 8.85%/yr vs 8.57%/yr for XDBG.L. A 0.61 correlation means they provide meaningful diversification when combined. WCOG.L charges 0.35%/yr vs 0.39%/yr for XDBG.L.
Performance
WCOG.L vs. XDBG.L - Performance Comparison
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Returns By Period
In the year-to-date period, WCOG.L achieves a 31.19% return, which is significantly higher than XDBG.L's 23.03% return. Both investments have delivered pretty close results over the past 10 years, with WCOG.L having a 8.85% annualized return and XDBG.L not far behind at 8.57%.
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%
XDBG.L
- 1D
- -0.42%
- 1M
- 0.58%
- YTD
- 23.03%
- 6M
- 26.01%
- 1Y
- 44.88%
- 3Y*
- 18.96%
- 5Y*
- 14.38%
- 10Y*
- 8.57%
WCOG.L vs. XDBG.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% | -4.31% |
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 23.03% | 25.68% | 8.15% | -11.18% | 18.13% | 38.25% | -3.17% | 5.10% | -12.92% | 4.24% |
Correlation
The correlation between WCOG.L and XDBG.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 5, 2016 | 0.61 |
The correlation between WCOG.L and XDBG.L shifts across timeframes, from 0.60 (10 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WCOG.L vs. XDBG.L — Risk / Return Rank
WCOG.L
XDBG.L
WCOG.L vs. XDBG.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 4.77 | +1.85 |
| Martin ratioReturn relative to average drawdown | 16.47 | 13.39 | +3.08 |
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 | XDBG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.52 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.76 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.53 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.08 | +0.57 |
Drawdowns
WCOG.L vs. XDBG.L - Drawdown Comparison
The maximum WCOG.L drawdown since its inception was -27.05%, smaller than the maximum XDBG.L drawdown of -64.69%. Use the drawdown chart below to compare losses from any high point for WCOG.L and XDBG.L.
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Drawdown Indicators
| WCOG.L | XDBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -64.69% | +37.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -9.36% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -13.02% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -28.67% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | -37.06% | +10.01% |
Current DrawdownCurrent decline from peak | -3.73% | -2.78% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -35.22% | +24.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.34% | -0.59% |
Volatility
WCOG.L vs. XDBG.L - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) has a higher volatility of 6.08% compared to Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) at 4.24%. This indicates that WCOG.L's price experiences larger fluctuations and is considered to be riskier than XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.24% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 15.16% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 17.76% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 18.95% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 16.01% | -1.99% |
WCOG.L vs. XDBG.L - Expense Ratio Comparison
WCOG.L has a 0.35% expense ratio, which is lower than XDBG.L's 0.39% expense ratio.
Dividends
WCOG.L vs. XDBG.L - Dividend Comparison
WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while XDBG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCOG.L and XDBG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.39% for XDBG.L.
WCOG.L tracks Optimised Roll Commodity, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.35% for WCOG.L and 0.39% for XDBG.L.
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