WCOM.L vs. ROLG.L
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both Commodities funds - WCOM.L tracks the Optimized Roll Commodity (GBP Hedged) while ROLG.L tracks the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, WCOM.L returned 11.21%/yr vs 14.93%/yr for ROLG.L. A 0.70 correlation means they provide meaningful diversification when combined. WCOM.L charges 0.35%/yr vs 0.28%/yr for ROLG.L.
Performance
WCOM.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
WCOM.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.L 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 33.12% return, which is significantly higher than ROLG.L's 29.88% return.
WCOM.L
- 1D
- 0.61%
- 1M
- -0.83%
- YTD
- 33.12%
- 6M
- 34.26%
- 1Y
- 45.20%
- 3Y*
- 16.63%
- 5Y*
- 11.21%
- 10Y*
- —
ROLG.L
- 1D
- 0.70%
- 1M
- 1.14%
- YTD
- 29.88%
- 6M
- 29.34%
- 1Y
- 45.86%
- 3Y*
- 15.28%
- 5Y*
- 14.93%
- 10Y*
- —
WCOM.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 33.12% | 15.31% | 2.49% | -7.76% | 11.71% | 25.55% | -0.57% | 4.18% | -9.84% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 29.88% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
Correlation
The correlation between WCOM.L and ROLG.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.70 |
The correlation between WCOM.L and ROLG.L shifts across timeframes, from 0.70 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WCOM.L vs. ROLG.L — Risk / Return Rank
WCOM.L
ROLG.L
WCOM.L vs. ROLG.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 Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| WCOM.L | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 6.70 | +0.64 |
| Martin ratioReturn relative to average drawdown | 19.12 | 19.05 | +0.06 |
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
| WCOM.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 2.75 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.84 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.60 | +0.06 |
Drawdowns
WCOM.L vs. ROLG.L - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, which is greater than ROLG.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for WCOM.L and ROLG.L.
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Drawdown Indicators
| WCOM.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -22.66% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.81% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -9.58% | -13.27% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -19.85% | -6.56% |
Current DrawdownCurrent decline from peak | -2.96% | -2.97% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -12.36% | -8.98% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.40% | -0.04% |
Volatility
WCOM.L vs. ROLG.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) is 5.33%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 5.84%. This indicates that WCOM.L experiences smaller price fluctuations and is considered to be less risky than ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.84% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 13.86% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 16.60% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 17.68% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 16.98% | -3.06% |
WCOM.L vs. ROLG.L - Expense Ratio Comparison
WCOM.L has a 0.35% expense ratio, which is higher than ROLG.L's 0.28% expense ratio.
Dividends
WCOM.L vs. ROLG.L - Dividend Comparison
Neither WCOM.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
WCOM.L and ROLG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.35% for WCOM.L.
WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while ROLG.L tracks Bloomberg Roll Select Commodity. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOM.L and 0.28% for ROLG.L.
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