WCOM.L vs. WCOB.L
WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and WCOB.L (WisdomTree Enhanced Commodity UCITS ETF USD Acc) are both Commodities funds from WisdomTree - WCOM.L tracks the Optimized Roll Commodity (GBP Hedged) while WCOB.L tracks the Optimised Roll Commodity. Both are passively managed. Over the past 5 years, WCOM.L returned 11.21%/yr vs 13.00%/yr for WCOB.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
WCOM.L vs. WCOB.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WCOM.L having a 33.12% return and WCOB.L slightly lower at 32.82%.
WCOM.L
- 1D
- 0.61%
- 1M
- -0.83%
- YTD
- 33.12%
- 6M
- 34.26%
- 1Y
- 45.20%
- 3Y*
- 16.63%
- 5Y*
- 11.21%
- 10Y*
- —
WCOB.L
- 1D
- 0.89%
- 1M
- 0.71%
- YTD
- 32.82%
- 6M
- 33.03%
- 1Y
- 46.58%
- 3Y*
- 14.00%
- 5Y*
- 13.00%
- 10Y*
- —
WCOM.L vs. WCOB.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% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 32.82% | 7.73% | 4.50% | -12.06% | 25.92% | 28.89% | -3.11% | 3.86% | -4.37% |
Correlation
The correlation between WCOM.L and WCOB.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2018 | 0.65 |
Over the past year, WCOM.L and WCOB.L have become more correlated (0.87) than their long-term average of 0.65, meaning their price movements have been converging.
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Return for Risk
WCOM.L vs. WCOB.L — Risk / Return Rank
WCOM.L
WCOB.L
WCOM.L vs. WCOB.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 WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.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 | WCOB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 6.64 | +0.70 |
| Martin ratioReturn relative to average drawdown | 19.12 | 16.86 | +2.25 |
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 | WCOB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 2.64 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.85 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.67 | -0.01 |
Drawdowns
WCOM.L vs. WCOB.L - Drawdown Comparison
The maximum WCOM.L drawdown since its inception was -27.58%, roughly equal to the maximum WCOB.L drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for WCOM.L and WCOB.L.
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Drawdown Indicators
| WCOM.L | WCOB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -27.14% | -0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.98% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -9.58% | -13.74% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -27.14% | +0.73% |
Current DrawdownCurrent decline from peak | -2.96% | -2.60% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -12.36% | -11.71% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.75% | -0.39% |
Volatility
WCOM.L vs. WCOB.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc (WCOM.L) is 5.33%, while WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) has a volatility of 5.76%. This indicates that WCOM.L experiences smaller price fluctuations and is considered to be less risky than WCOB.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 | WCOB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.76% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 15.30% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 17.55% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 15.37% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.90% | -1.98% |
WCOM.L vs. WCOB.L - Expense Ratio Comparison
Both WCOM.L and WCOB.L have an expense ratio of 0.35%.
Dividends
WCOM.L vs. WCOB.L - Dividend Comparison
Neither WCOM.L nor WCOB.L has paid dividends to shareholders.
Frequently Asked Questions
WCOM.L and WCOB.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WCOM.L and WCOB.L have the same expense ratio: 0.35% per year.
WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while WCOB.L tracks Optimised Roll Commodity.
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