WXAG.L vs. COMM.L
WXAG.L (WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc) and COMM.L (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds - WXAG.L tracks the Morgan Stanley RADAR ex Agriculture & Livestock Commodity while COMM.L tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, WXAG.L returned 21.39%/yr vs 16.46%/yr for COMM.L. A 0.66 correlation means they provide meaningful diversification when combined. WXAG.L charges 0.60%/yr vs 0.19%/yr for COMM.L.
Performance
WXAG.L vs. COMM.L - Performance Comparison
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Different Trading Currencies
WXAG.L is traded in USD, while COMM.L is traded in GBp. To make them comparable, the COMM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WXAG.L achieves a 29.61% return, which is significantly higher than COMM.L's 26.20% return.
WXAG.L
- 1D
- -0.44%
- 1M
- -1.78%
- YTD
- 29.61%
- 6M
- 35.87%
- 1Y
- 64.34%
- 3Y*
- 21.39%
- 5Y*
- —
- 10Y*
- —
COMM.L
- 1D
- 0.43%
- 1M
- -1.38%
- YTD
- 26.20%
- 6M
- 25.44%
- 1Y
- 39.49%
- 3Y*
- 16.46%
- 5Y*
- 11.38%
- 10Y*
- —
WXAG.L vs. COMM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WXAG.L WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc | 29.61% | 32.53% | 2.91% | -8.03% | 19.40% | -6.94% |
COMM.L iShares Diversified Commodity Swap UCITS ETF | 26.20% | 16.72% | 4.42% | -7.94% | 14.62% | -3.73% |
Correlation
The correlation between WXAG.L and COMM.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2021 | 0.66 |
The correlation between WXAG.L and COMM.L shifts across timeframes, from 0.66 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WXAG.L vs. COMM.L — Risk / Return Rank
WXAG.L
COMM.L
WXAG.L vs. COMM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and iShares Diversified Commodity Swap UCITS ETF (COMM.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.
| WXAG.L | COMM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 5.37 | -0.03 |
| Martin ratioReturn relative to average drawdown | 19.47 | 12.38 | +7.09 |
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
| WXAG.L | COMM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 2.23 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.55 | +0.15 |
Drawdowns
WXAG.L vs. COMM.L - Drawdown Comparison
The maximum WXAG.L drawdown since its inception was -26.77%, smaller than the maximum COMM.L drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for WXAG.L and COMM.L.
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Drawdown Indicators
| WXAG.L | COMM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -33.13% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -7.32% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -11.43% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.35% | — |
Current DrawdownCurrent decline from peak | -5.35% | -4.22% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -12.63% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.18% | +0.12% |
Volatility
WXAG.L vs. COMM.L - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) is 5.08%, while iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a volatility of 6.22%. This indicates that WXAG.L experiences smaller price fluctuations and is considered to be less risky than COMM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXAG.L | COMM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 6.22% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 15.95% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 17.65% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 16.99% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 15.61% | +6.94% |
WXAG.L vs. COMM.L - Expense Ratio Comparison
WXAG.L has a 0.60% expense ratio, which is higher than COMM.L's 0.19% expense ratio.
Dividends
WXAG.L vs. COMM.L - Dividend Comparison
Neither WXAG.L nor COMM.L has paid dividends to shareholders.
Frequently Asked Questions
WXAG.L and COMM.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMM.L is cheaper with a 0.19% expense ratio, compared with 0.60% for WXAG.L.
WXAG.L tracks Morgan Stanley RADAR ex Agriculture & Livestock Commodity, while COMM.L tracks Bloomberg Commodity. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.60% for WXAG.L and 0.19% for COMM.L.
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