WEAT.L vs. SOYO.L
Compare and contrast key facts about WisdomTree Wheat (WEAT.L) and WisdomTree Soybean Oil (SOYO.L).
WEAT.L and SOYO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEAT.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Wheat. It was launched on Sep 22, 2006. SOYO.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Soybean Oil. It was launched on Sep 22, 2006. Both WEAT.L and SOYO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEAT.L or SOYO.L.
Key characteristics
| WEAT.L | SOYO.L | |
|---|---|---|
| YTD Return | -21.04% | -5.86% |
| 1Y Return | -15.05% | -12.45% |
| 3Y Return (Ann) | -20.14% | -1.52% |
| 5Y Return (Ann) | -5.69% | 13.44% |
| 10Y Return (Ann) | -8.75% | 3.38% |
| Sharpe Ratio | -0.50 | -0.45 |
| Sortino Ratio | -0.56 | -0.48 |
| Omega Ratio | 0.94 | 0.95 |
| Calmar Ratio | -0.15 | -0.19 |
| Martin Ratio | -0.84 | -0.78 |
| Ulcer Index | 16.48% | 15.57% |
| Daily Std Dev | 28.03% | 27.14% |
| Max Drawdown | -93.61% | -81.90% |
| Current Drawdown | -93.56% | -57.39% |
Correlation
The correlation between WEAT.L and SOYO.L is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WEAT.L vs. SOYO.L - Performance Comparison
In the year-to-date period, WEAT.L achieves a -21.04% return, which is significantly lower than SOYO.L's -5.86% return. Over the past 10 years, WEAT.L has underperformed SOYO.L with an annualized return of -8.75%, while SOYO.L has yielded a comparatively higher 3.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WEAT.L vs. SOYO.L - Expense Ratio Comparison
Both WEAT.L and SOYO.L have an expense ratio of 0.49%.
Risk-Adjusted Performance
WEAT.L vs. SOYO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Wheat (WEAT.L) and WisdomTree Soybean Oil (SOYO.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.
Dividends
WEAT.L vs. SOYO.L - Dividend Comparison
Neither WEAT.L nor SOYO.L has paid dividends to shareholders.
Drawdowns
WEAT.L vs. SOYO.L - Drawdown Comparison
The maximum WEAT.L drawdown since its inception was -93.61%, which is greater than SOYO.L's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for WEAT.L and SOYO.L. For additional features, visit the drawdowns tool.
Volatility
WEAT.L vs. SOYO.L - Volatility Comparison
The current volatility for WisdomTree Wheat (WEAT.L) is 5.77%, while WisdomTree Soybean Oil (SOYO.L) has a volatility of 9.01%. This indicates that WEAT.L experiences smaller price fluctuations and is considered to be less risky than SOYO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.