WCOM.L vs. DBMF
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - WCOM.L is a Commodities fund tracking the Optimized Roll Commodity (GBP Hedged), while DBMF is a Systematic Trend fund actively managed by iM Global Partners. WCOM.L is passively managed, while DBMF is actively managed. Over the past 5 years, WCOM.L returned 9.10%/yr vs 9.04%/yr for DBMF. At a 0.02 correlation, their price movements are largely independent. WCOM.L charges 0.35%/yr vs 0.85%/yr for DBMF.
Performance
WCOM.L vs. DBMF - Performance Comparison
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Different Trading Currencies
WCOM.L is traded in GBp, while DBMF is traded in USD. To make them comparable, the DBMF values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WCOM.L achieves a 17.94% return, which is significantly higher than DBMF's 11.35% return.
WCOM.L
- 1D
- -1.79%
- 1M
- -11.60%
- YTD
- 17.94%
- 6M
- 16.60%
- 1Y
- 28.19%
- 3Y*
- 11.40%
- 5Y*
- 9.10%
- 10Y*
- —
DBMF
- 1D
- -0.24%
- 1M
- -0.20%
- YTD
- 11.35%
- 6M
- 10.82%
- 1Y
- 29.20%
- 3Y*
- 7.34%
- 5Y*
- 9.04%
- 10Y*
- —
WCOM.L vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 17.94% | 15.31% | 2.49% | -7.76% | 11.71% | 25.55% | -0.57% | 3.32% |
DBMF iMGP DBi Managed Futures Strategy ETF | 11.35% | 5.74% | 9.12% | -13.49% | 36.07% | 12.55% | -1.19% | 8.41% |
Correlation
The correlation between WCOM.L and DBMF is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.02 |
Over the past year, WCOM.L and DBMF have become more correlated (0.33) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
WCOM.L vs. DBMF — Risk / Return Rank
WCOM.L
DBMF
WCOM.L vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) and iMGP DBi Managed Futures Strategy ETF (DBMF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WCOM.L | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 5.10 | -3.09 |
| Martin ratioReturn relative to average drawdown | 9.99 | 18.48 | -8.49 |
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Drawdowns
WCOM.L vs. DBMF - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, smaller than the maximum DBMF drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for WCOM.L and DBMF.
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Drawdown Indicators
| WCOM.L | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -31.56% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -5.76% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -18.85% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -31.56% | +5.15% |
Current DrawdownCurrent decline from peak | -14.03% | -10.49% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -14.58% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.58% | +1.23% |
Volatility
WCOM.L vs. DBMF - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) has a higher volatility of 4.45% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 3.20%. This indicates that WCOM.L's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCOM.L | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 3.20% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 10.25% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 12.81% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 16.37% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 15.74% | -1.78% |
WCOM.L vs. DBMF - Expense Ratio Comparison
WCOM.L has a 0.35% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
WCOM.L vs. DBMF - Dividend Comparison
WCOM.L has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.25% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCOM.L and DBMF have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WCOM.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCOM.L is cheaper with a 0.35% expense ratio, compared with 0.85% for DBMF.
WCOM.L is categorized as Commodities, while DBMF is Systematic Trend. They also come from different issuers: WisdomTree and iM Global Partners. Their fees differ too: 0.35% for WCOM.L and 0.85% for DBMF.
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