WCOM.L vs. WCOG.L

Last updated Jun 4, 2026

WCOM.L (WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc) and WCOG.L (WisdomTree Enhanced Commodity UCITS ETF USD) are both Commodities funds from WisdomTree - WCOM.L tracks the Optimized Roll Commodity (GBP Hedged) while WCOG.L tracks the Optimised Roll Commodity. Both are passively managed. Over the past 5 years, WCOM.L returned 11.21%/yr vs 12.98%/yr for WCOG.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

WCOM.L vs. WCOG.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 WisdomTree Enhanced Commodity UCITS ETF USD (WCOG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WCOM.L having a 33.12% return and WCOG.L slightly lower at 32.75%.

WCOM.L

• 1D: 0.61%
• 1M: -0.83%
• YTD: 33.12%
• 6M: 34.26%
• 1Y: 45.20%
• 3Y*: 16.63%
• 5Y*: 11.21%
• 10Y*: —

WCOG.L

• 1D: 0.97%
• 1M: 0.72%
• YTD: 32.75%
• 6M: 32.96%
• 1Y: 46.54%
• 3Y*: 13.95%
• 5Y*: 12.98%
• 10Y*: 9.11%

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

WCOM.L vs. WCOG.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%
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD	32.75%	7.94%	4.45%	-12.14%	26.35%	28.38%	-2.08%	3.07%	-5.52%

Correlation

The correlation between WCOM.L and WCOG.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	0.72

The correlation between WCOM.L and WCOG.L shifts across timeframes, from 0.72 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WCOM.L vs. WCOG.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

WCOG.L

WCOG.L Risk / Return Rank: 81
WCOG.L Sharpe Ratio Rank: 80
WCOG.L Sortino Ratio Rank: 71
WCOG.L Omega Ratio Rank: 79
WCOG.L Calmar Ratio Rank: 93
WCOG.L Martin Ratio Rank: 84

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. WCOG.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 (WCOG.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	WCOG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.59	+0.18
Sortino ratio: Return per unit of downside risk	3.53	3.20	+0.33
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	7.34	6.80	+0.54
Martin ratio: Return relative to average drawdown	19.12	16.97	+2.15
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. WCOG.L - Sharpe Ratio Comparison

The current WCOM.L Sharpe Ratio is 2.77, which is comparable to the WCOG.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of WCOM.L and WCOG.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	WCOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.59	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.85	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.66	0.00

Drawdowns

WCOM.L vs. WCOG.L - Drawdown Comparison

The maximum WCOM.L drawdown since its inception was -27.58%, roughly equal to the maximum WCOG.L drawdown of -27.05%. Use the drawdown chart below to compare losses from any high point for WCOM.L and WCOG.L.

Drawdown Indicators

	WCOM.L	WCOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.58%	-27.05%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.13%	-6.82%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-9.58%	-13.63%	+4.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.41%	-27.05%	+0.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.05%	—
Current Drawdown Current decline from peak	-2.96%	-2.59%	-0.37%
Average Drawdown Average peak-to-trough decline	-12.36%	-10.98%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.74%	-0.38%

Volatility

WCOM.L vs. WCOG.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 (WCOG.L) has a volatility of 6.16%. This indicates that WCOM.L experiences smaller price fluctuations and is considered to be less risky than WCOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCOM.L	WCOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	6.16%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	15.64%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	17.89%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	15.32%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	14.02%	-0.10%

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

Both WCOM.L and WCOG.L have an expense ratio of 0.35%.

Dividends

WCOM.L vs. WCOG.L - Dividend Comparison

WCOM.L has not paid dividends to shareholders, while WCOG.L's dividend yield for the trailing twelve months is around 2.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
WCOG.L WisdomTree Enhanced Commodity UCITS ETF USD	2.64%	4.56%	4.54%	0.65%	0.00%	0.30%	1.64%	1.64%	0.46%
WCOM.L WisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

WCOM.L and WCOG.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.

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

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

WCOM.L and WCOG.L have the same expense ratio: 0.35% per year.

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

WCOM.L tracks Optimized Roll Commodity (GBP Hedged), while WCOG.L tracks Optimised Roll Commodity.