WTEH.DE vs. FCO2.DE
WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) and FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) are both Commodities funds - WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged) while FCO2.DE tracks the EU Carbon Emission Allowances (EUA). Both are passively managed. Over the past 3 years, WTEH.DE returned 14.16%/yr vs -3.01%/yr for FCO2.DE. At a 0.10 correlation, their price movements are largely independent. WTEH.DE charges 0.35%/yr vs 0.89%/yr for FCO2.DE.
Performance
WTEH.DE vs. FCO2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WTEH.DE achieves a 28.87% return, which is significantly higher than FCO2.DE's -10.46% return.
WTEH.DE
- 1D
- -1.21%
- 1M
- -0.63%
- YTD
- 28.87%
- 6M
- 30.95%
- 1Y
- 40.23%
- 3Y*
- 14.16%
- 5Y*
- 9.32%
- 10Y*
- —
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
WTEH.DE vs. FCO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc | 28.87% | 14.12% | 1.38% | -8.99% | -16.76% |
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
Correlation
The correlation between WTEH.DE and FCO2.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WTEH.DE vs. FCO2.DE — Risk / Return Rank
WTEH.DE
FCO2.DE
WTEH.DE vs. FCO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) and HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE). 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.
| WTEH.DE | FCO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.06 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 0.16 | +6.77 |
| Martin ratioReturn relative to average drawdown | 15.94 | 0.41 | +15.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WTEH.DE | FCO2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 0.19 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | -0.07 | +0.92 |
Drawdowns
WTEH.DE vs. FCO2.DE - Drawdown Comparison
The maximum WTEH.DE drawdown since its inception was -28.22%, smaller than the maximum FCO2.DE drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for WTEH.DE and FCO2.DE.
Loading charts...
Drawdown Indicators
| WTEH.DE | FCO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -48.49% | +20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -31.46% | +25.53% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -45.60% | +35.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | — | — |
Current DrawdownCurrent decline from peak | -4.05% | -24.40% | +20.35% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -23.38% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 12.41% | -9.83% |
Volatility
WTEH.DE vs. FCO2.DE - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) is 5.17%, while HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) has a volatility of 5.99%. This indicates that WTEH.DE experiences smaller price fluctuations and is considered to be less risky than FCO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WTEH.DE | FCO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 5.99% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 22.94% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 26.69% | -10.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 34.04% | -18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 34.04% | -18.65% |
WTEH.DE vs. FCO2.DE - Expense Ratio Comparison
WTEH.DE has a 0.35% expense ratio, which is lower than FCO2.DE's 0.89% expense ratio.
Dividends
WTEH.DE vs. FCO2.DE - Dividend Comparison
Neither WTEH.DE nor FCO2.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEH.DE and FCO2.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEH.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEH.DE is cheaper with a 0.35% expense ratio, compared with 0.89% for FCO2.DE.
WTEH.DE tracks Optimized Roll Commodity (EUR Hedged), while FCO2.DE tracks EU Carbon Emission Allowances (EUA). They also come from different issuers: WisdomTree and HANetf. Their fees differ too: 0.35% for WTEH.DE and 0.89% for FCO2.DE.
Find the right allocation for WTEH.DE and FCO2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer