WCOG.L vs. XFRM.L
WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) and XFRM.L (WisdomTree Broad Commodities Ex-Agriculture and Livestock) are both Commodities funds from WisdomTree - WCOG.L tracks the Optimised Roll Commodity while XFRM.L tracks the Bloomberg Commodity ex-Agriculture and Livestock. Both are passively managed. Over the past 10 years, WCOG.L returned 8.85%/yr vs 9.70%/yr for XFRM.L. A 0.80 correlation means they provide meaningful diversification when combined. WCOG.L charges 0.35%/yr vs 0.49%/yr for XFRM.L.
Performance
WCOG.L vs. XFRM.L - Performance Comparison
Loading charts...
Different Trading Currencies
WCOG.L is traded in GBp, while XFRM.L is traded in USD. To make them comparable, the XFRM.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 lower than XFRM.L's 37.12% return. Over the past 10 years, WCOG.L has underperformed XFRM.L with an annualized return of 8.85%, while XFRM.L has yielded a comparatively higher 9.70% annualized 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%
XFRM.L
- 1D
- -1.20%
- 1M
- -2.11%
- YTD
- 37.12%
- 6M
- 37.63%
- 1Y
- 59.42%
- 3Y*
- 19.82%
- 5Y*
- 16.09%
- 10Y*
- 9.70%
WCOG.L vs. XFRM.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% |
XFRM.L WisdomTree Broad Commodities Ex-Agriculture and Livestock | 37.12% | 14.37% | 8.56% | -13.95% | 28.86% | 28.08% | -11.79% | 5.91% | -7.24% | -2.60% |
Correlation
The correlation between WCOG.L and XFRM.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 5, 2016 | 0.80 |
The correlation between WCOG.L and XFRM.L has been stable across timeframes, ranging from 0.80 to 0.90 - 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. XFRM.L — Risk / Return Rank
WCOG.L
XFRM.L
WCOG.L vs. XFRM.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 Broad Commodities Ex-Agriculture and Livestock (XFRM.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 | XFRM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 6.37 | +0.25 |
| Martin ratioReturn relative to average drawdown | 16.47 | 14.85 | +1.62 |
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 | XFRM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.48 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.78 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.52 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.24 | +0.41 |
Drawdowns
WCOG.L vs. XFRM.L - Drawdown Comparison
The maximum WCOG.L drawdown since its inception was -27.05%, smaller than the maximum XFRM.L drawdown of -45.81%. Use the drawdown chart below to compare losses from any high point for WCOG.L and XFRM.L.
Loading charts...
Drawdown Indicators
| WCOG.L | XFRM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -45.81% | +18.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -9.28% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -15.22% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -33.95% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | -33.95% | +6.90% |
Current DrawdownCurrent decline from peak | -3.73% | -4.64% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -22.78% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.99% | -1.24% |
Volatility
WCOG.L vs. XFRM.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L) is 6.08%, while WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) has a volatility of 7.04%. This indicates that WCOG.L experiences smaller price fluctuations and is considered to be less risky than XFRM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WCOG.L | XFRM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 7.04% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 21.14% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 23.81% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 20.65% | -5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 18.78% | -4.76% |
WCOG.L vs. XFRM.L - Expense Ratio Comparison
WCOG.L has a 0.35% expense ratio, which is lower than XFRM.L's 0.49% expense ratio.
Dividends
WCOG.L vs. XFRM.L - Dividend Comparison
WCOG.L's dividend yield for the trailing twelve months is around 2.68%, while XFRM.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% |
XFRM.L WisdomTree Broad Commodities Ex-Agriculture and Livestock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCOG.L and XFRM.L have a correlation of 0.90, 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 0.49% for XFRM.L.
WCOG.L tracks Optimised Roll Commodity, while XFRM.L tracks Bloomberg Commodity ex-Agriculture and Livestock. Their fees differ too: 0.35% for WCOG.L and 0.49% for XFRM.L.
Find the right allocation for WCOG.L and XFRM.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