WCOM.L vs. IWFV.L
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - WCOM.L is a Commodities fund tracking the Optimized Roll Commodity (GBP Hedged), while IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, WCOM.L returned 9.10%/yr vs 17.48%/yr for IWFV.L. At a 0.21 correlation, their price movements are largely independent. WCOM.L charges 0.35%/yr vs 0.30%/yr for IWFV.L.
Performance
WCOM.L vs. IWFV.L - Performance Comparison
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Returns By Period
In the year-to-date period, WCOM.L achieves a 17.94% return, which is significantly lower than IWFV.L's 34.03% 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*
- —
IWFV.L
- 1D
- -0.28%
- 1M
- 4.19%
- YTD
- 34.03%
- 6M
- 35.09%
- 1Y
- 65.30%
- 3Y*
- 27.21%
- 5Y*
- 17.48%
- 10Y*
- 13.53%
WCOM.L vs. IWFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 17.94% | 15.31% | 2.49% | -7.76% | 11.71% | 25.55% | -0.57% | 4.18% | -6.68% |
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 34.03% | 30.69% | 6.85% | 13.02% | 0.95% | 21.60% | -6.91% | 14.69% | -11.44% |
Correlation
The correlation between WCOM.L and IWFV.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2018 | 0.21 |
The correlation between WCOM.L and IWFV.L shifts across timeframes, from -0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCOM.L vs. IWFV.L — Risk / Return Rank
WCOM.L
IWFV.L
WCOM.L vs. IWFV.L - 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 iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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.
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 | IWFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.85 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 9.18 | -7.18 |
| Martin ratioReturn relative to average drawdown | 9.99 | 34.10 | -24.11 |
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Drawdowns
WCOM.L vs. IWFV.L - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, smaller than the maximum IWFV.L drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for WCOM.L and IWFV.L.
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Drawdown Indicators
| WCOM.L | IWFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -42.78% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -7.08% | -6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -19.86% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -19.86% | -6.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.79% | — |
Current DrawdownCurrent decline from peak | -14.03% | -2.44% | -11.59% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -11.24% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.91% | +0.90% |
Volatility
WCOM.L vs. IWFV.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) is 4.45%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.13%. This indicates that WCOM.L experiences smaller price fluctuations and is considered to be less risky than IWFV.L 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 | IWFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 5.13% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 12.11% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 14.16% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 18.94% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 17.90% | -3.94% |
WCOM.L vs. IWFV.L - Expense Ratio Comparison
WCOM.L has a 0.35% expense ratio, which is higher than IWFV.L's 0.30% expense ratio.
Dividends
WCOM.L vs. IWFV.L - Dividend Comparison
Neither WCOM.L nor IWFV.L has paid dividends to shareholders.
Frequently Asked Questions
WCOM.L and IWFV.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.35% for WCOM.L.
WCOM.L is categorized as Commodities, while IWFV.L is Global Equities. WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while IWFV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOM.L and 0.30% for IWFV.L.
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