WCOM.L vs. UD08.L

Last updated Jun 4, 2026

WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and UD08.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc) are both Commodities funds - WCOM.L tracks the Optimized Roll Commodity (GBP Hedged) while UD08.L tracks the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged). Both are passively managed. Over the past year, WCOM.L returned 45.20% vs 43.63% for UD08.L. A 0.69 correlation means they provide meaningful diversification when combined. WCOM.L charges 0.35%/yr vs 0.34%/yr for UD08.L.

Performance

WCOM.L vs. UD08.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCOM.L achieves a 33.12% return, which is significantly higher than UD08.L's 25.78% 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*: —

UD08.L

• 1D: -0.14%
• 1M: 1.53%
• YTD: 25.78%
• 6M: 28.13%
• 1Y: 43.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WCOM.L vs. UD08.L - Yearly Performance Comparison

	2026 (YTD)	2025
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc	33.12%	11.06%
UD08.L UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc	25.78%	14.80%

Correlation

The correlation between WCOM.L and UD08.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.69

The correlation between WCOM.L and UD08.L has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

WCOM.L vs. UD08.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WCOM.L

WCOM.L Risk / Return Rank: 86
WCOM.L Sharpe Ratio Rank: 84
WCOM.L Sortino Ratio Rank: 79
WCOM.L Omega Ratio Rank: 83
WCOM.L Calmar Ratio Rank: 94
WCOM.L Martin Ratio Rank: 88

UD08.L

UD08.L Risk / Return Rank: 90
UD08.L Sharpe Ratio Rank: 90
UD08.L Sortino Ratio Rank: 87
UD08.L Omega Ratio Rank: 90
UD08.L Calmar Ratio Rank: 93
UD08.L Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WCOM.L vs. UD08.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 UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.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	UD08.L	Difference
Sharpe ratio: Return per unit of total volatility	2.77	3.10	-0.33
Sortino ratio: Return per unit of downside risk	3.53	3.92	-0.39
Omega ratio: Gain probability vs. loss probability	1.50	1.58	-0.08
Calmar ratio: Return relative to maximum drawdown	7.34	6.75	+0.59
Martin ratio: Return relative to average drawdown	19.12	21.31	-2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCOM.L vs. UD08.L - Sharpe Ratio Comparison

The current WCOM.L Sharpe Ratio is 2.77, which is comparable to the UD08.L Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of WCOM.L and UD08.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WCOM.L	UD08.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	3.10	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	2.71	-2.05

Drawdowns

WCOM.L vs. UD08.L - Drawdown Comparison

The maximum WCOM.L drawdown since its inception was -27.58%, which is greater than UD08.L's maximum drawdown of -6.43%. Use the drawdown chart below to compare losses from any high point for WCOM.L and UD08.L.

Drawdown Indicators

	WCOM.L	UD08.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.58%	-6.43%	-21.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.13%	-6.43%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-9.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.41%	—	—
Current Drawdown Current decline from peak	-2.96%	-0.55%	-2.41%
Average Drawdown Average peak-to-trough decline	-12.36%	-1.41%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.04%	+0.32%

Volatility

WCOM.L vs. UD08.L - Volatility Comparison

WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) has a higher volatility of 5.33% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) at 2.74%. This indicates that WCOM.L's price experiences larger fluctuations and is considered to be riskier than UD08.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCOM.L	UD08.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	2.74%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	11.73%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	14.00%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	14.97%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	14.97%	-1.05%

WCOM.L vs. UD08.L - Expense Ratio Comparison

WCOM.L has a 0.35% expense ratio, which is higher than UD08.L's 0.34% expense ratio.

Dividends

WCOM.L vs. UD08.L - Dividend Comparison

Neither WCOM.L nor UD08.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WCOM.L and UD08.L in my portfolio?

WCOM.L and UD08.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCOM.L or UD08.L?

On fees, UD08.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCOM.L or UD08.L?

UD08.L is cheaper with a 0.34% expense ratio, compared with 0.35% for WCOM.L.

What is the main difference between WCOM.L and UD08.L?

WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged). They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.35% for WCOM.L and 0.34% for UD08.L.