WCOM.L vs. SGLN.L
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - WCOM.L is a Commodities fund tracking the Optimized Roll Commodity (GBP Hedged), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, WCOM.L returned 10.96%/yr vs 20.12%/yr for SGLN.L. At a 0.22 correlation, their price movements are largely independent. WCOM.L charges 0.35%/yr vs 0.12%/yr for SGLN.L.
Performance
WCOM.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, WCOM.L achieves a 31.62% return, which is significantly higher than SGLN.L's 3.89% return.
WCOM.L
- 1D
- -1.12%
- 1M
- -2.65%
- YTD
- 31.62%
- 6M
- 32.85%
- 1Y
- 44.26%
- 3Y*
- 15.95%
- 5Y*
- 10.96%
- 10Y*
- —
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
WCOM.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc | 31.62% | 15.31% | 2.49% | -7.76% | 11.71% | 25.55% | -0.57% | 4.18% | -6.00% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 8.26% |
Correlation
The correlation between WCOM.L and SGLN.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2018 | 0.22 |
The correlation between WCOM.L and SGLN.L shifts across timeframes, from 0.22 (all time) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WCOM.L vs. SGLN.L — Risk / Return Rank
WCOM.L
SGLN.L
WCOM.L vs. SGLN.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 Physical Gold ETC (SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 7.18 | 1.91 | +5.27 |
| Martin ratioReturn relative to average drawdown | 18.61 | 5.05 | +13.56 |
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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 1.45 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.23 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.55 | +0.10 |
Drawdowns
WCOM.L vs. SGLN.L - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for WCOM.L and SGLN.L.
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Drawdown Indicators
| WCOM.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -41.71% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -17.57% | +11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.58% | -17.57% | +7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -17.57% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -4.05% | -16.01% | +11.96% |
Average DrawdownAverage peak-to-trough decline | -12.36% | -14.76% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 6.67% | -4.30% |
Volatility
WCOM.L vs. SGLN.L - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) has a higher volatility of 5.37% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that WCOM.L's price experiences larger fluctuations and is considered to be riskier than SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.08% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 20.08% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 23.19% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 16.30% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.78% | -1.86% |
WCOM.L vs. SGLN.L - Expense Ratio Comparison
WCOM.L has a 0.35% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
WCOM.L vs. SGLN.L - Dividend Comparison
Neither WCOM.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
WCOM.L and SGLN.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.35% for WCOM.L.
WCOM.L is categorized as Commodities, while SGLN.L is Gold. WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while SGLN.L tracks LBMA Gold Price. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOM.L and 0.12% for SGLN.L.
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