# WisdomTree Copper 1x Daily Short (SCOP)

**Page:** https://fundology.uk/fund/scop · ISIN JE00B24DK645

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, SCOP (WisdomTree Copper 1x Daily Short, ISIN JE00B24DK645) closed at $10.75 on the London Stock Exchange. Its ongoing charge is 1.03% a year (about £103 on £10,000). Over the five years to 13/11/2026 its total return was −36.2%, or −50.2% after UK CPIH inflation.

## Summary

WisdomTree Copper 1x Daily Short is an exchange-traded commodity (ETC) from WisdomTree, launched in 2008. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 1.03% a year — about £103 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **$10.75** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SCOP |
| ISIN | JE00B24DK645 |
| Category | Leveraged & inverse |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | Bloomberg Copper Subindex (TR) |
| Ongoing charge | 1.03% a year (£103 per £10,000) |
| Fund size | £722k |
| Launched | 2008 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2009 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -17.68% | -20.60% | income reinvested |
| 3 years | -46.96% | -52.08% | income reinvested |
| 5 years | -36.18% | -50.18% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of WisdomTree Copper 1x Daily Short in pounds (price only; the fund pays no income): 2022 +19.9%, 2023 −6.0%, 2024 −0.1%, 2025 −38.0%; 2026 to 13/11/2026 −5.3%. Returns of WisdomTree Copper 1x Daily Short in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: −22.2%; to 30/09/2025: −14.7%; to 30/09/2024: −24.1%; to 30/09/2023: −18.3%; to 30/09/2022: +37.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +19.9% | +9.8% | Price |
| 2023 | -6.0% | -9.7% | Price |
| 2024 | -0.1% | -3.5% | Price |
| 2025 | -38.0% | -40.1% | Price |
| 2026 to 13/11/2026 | -5.3% | -8.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 20.38% | -28.36% |
| 3 years | 29.38% | -53.52% |
| 5 years | 28.81% | -61.59% |

## Largest fall

Volatility of WisdomTree Copper 1x Daily Short in pounds, annualised from weekly returns to 13/11/2026: 20.4% over 1 year, 29.4% over 3 years, 28.8% over 5 years. Largest fall in the price of WisdomTree Copper 1x Daily Short since November 2021, in pounds: −61.6% from 23/09/2022 to 06/08/2026. The lowest 12-month return of WisdomTree Copper 1x Daily Short in pounds (price only; the fund pays no income) since January 2021 was −39.6% (12 months to 30/01/2026); the highest was +58.2% (12 months to 14/10/2022). On 13/11/2026 the price of WisdomTree Copper 1x Daily Short was 56.6% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Copper 1x Daily Short 1.03% a year. Compared on 14/11/2026, 107 of the 210 other leveraged and inverse products charge more, 14 the same and 89 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.03%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of SCOP?**

The ongoing charge of SCOP is 1.03% a year — about £103 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of WisdomTree Copper 1x Daily Short 1.03% a year. Compared on 14/11/2026, 107 of the 210 other leveraged and inverse products charge more, 14 the same and 89 less (share classes counted once).

**What does SCOP track?**

SCOP tracks the Bloomberg Copper Subindex (TR).

**What is the ISIN of SCOP?**

The ISIN of SCOP is JE00B24DK645. An ISIN identifies one exact share class of a fund; SCOP is its ticker on the London Stock Exchange.

**What were SCOP’s returns in each of the last five years?**

Calendar-year returns of SCOP in pounds (price only; the fund pays no income): 2022 +19.9%, 2023 −6.0%, 2024 −0.1%, 2025 −38.0%; 2026 to 13/11/2026 −5.3%. Past performance is not a guide to future returns.

**How has SCOP done after inflation?**

Over the five years to 13/11/2026 SCOP’s total return was −36.2%, or −50.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.