WCOM.L vs. SPDM.L
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and SPDM.L (iShares Physical Palladium ETC) are both Commodities funds - WCOM.L tracks the Optimized Roll Commodity (GBP Hedged) while SPDM.L tracks the London Palladium PM Fix. Both are passively managed. Over the past 5 years, WCOM.L returned 11.21%/yr vs -12.62%/yr for SPDM.L. At a 0.31 correlation, their price movements are largely independent. WCOM.L charges 0.35%/yr vs 0.20%/yr for SPDM.L.
Performance
WCOM.L vs. SPDM.L - Performance Comparison
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Returns By Period
In the year-to-date period, WCOM.L achieves a 33.12% return, which is significantly higher than SPDM.L's -13.23% 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*
- —
SPDM.L
- 1D
- 0.55%
- 1M
- -9.27%
- YTD
- -13.23%
- 6M
- -7.76%
- 1Y
- 36.78%
- 3Y*
- -3.85%
- 5Y*
- -12.62%
- 10Y*
- 10.16%
WCOM.L vs. SPDM.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% | -6.00% |
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -17.63% | -41.15% | 5.58% | -19.60% | 19.23% | 47.36% | 38.43% |
Correlation
The correlation between WCOM.L and SPDM.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2018 | 0.31 |
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Return for Risk
WCOM.L vs. SPDM.L — Risk / Return Rank
WCOM.L
SPDM.L
WCOM.L vs. SPDM.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 Palladium ETC (SPDM.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 | SPDM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.18 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 1.10 | +6.24 |
| Martin ratioReturn relative to average drawdown | 19.12 | 2.37 | +16.74 |
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 | SPDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 0.88 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | -0.30 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.14 | +0.51 |
Drawdowns
WCOM.L vs. SPDM.L - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, smaller than the maximum SPDM.L drawdown of -70.87%. Use the drawdown chart below to compare losses from any high point for WCOM.L and SPDM.L.
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Drawdown Indicators
| WCOM.L | SPDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -70.87% | +43.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -35.67% | +29.54% |
Max Drawdown (3Y)Largest decline over 3 years | -9.58% | -40.59% | +31.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -70.87% | +44.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.87% | — |
Current DrawdownCurrent decline from peak | -2.96% | -56.18% | +53.22% |
Average DrawdownAverage peak-to-trough decline | -12.36% | -25.10% | +12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 16.54% | -14.18% |
Volatility
WCOM.L vs. SPDM.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) is 5.33%, while iShares Physical Palladium ETC (SPDM.L) has a volatility of 10.84%. This indicates that WCOM.L experiences smaller price fluctuations and is considered to be less risky than SPDM.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 | SPDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 10.84% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 37.16% | -22.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 44.70% | -28.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 41.85% | -26.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 37.57% | -23.65% |
WCOM.L vs. SPDM.L - Expense Ratio Comparison
WCOM.L has a 0.35% expense ratio, which is higher than SPDM.L's 0.20% expense ratio.
Dividends
WCOM.L vs. SPDM.L - Dividend Comparison
Neither WCOM.L nor SPDM.L has paid dividends to shareholders.
Frequently Asked Questions
WCOM.L and SPDM.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPDM.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDM.L is cheaper with a 0.20% expense ratio, compared with 0.35% for WCOM.L.
WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while SPDM.L tracks London Palladium PM Fix. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.35% for WCOM.L and 0.20% for SPDM.L.
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