We present a comparative study between a complex Wavelet Coefficient Shrinkage (WCS) filter and several standard speckle filters that are widely used in the radar imaging community (Lee, Kuan, Frost, Geometric, Kalman, Gamma, etc.). The WCS filter is based on the use of Symmetric Daubechies (SD) wavelets which share the same properties as the real Daubechies wavelets but with an additional symmetry property. The filtering operation is an elliptical soft-thresholding procedure with respect to the principal axes of the 2-D complex wavelet coefficient distributions. Both qualitative and quantitative results (signal to mean square error ratio, equivalent number of looks, edgemap figure of merit) are reported. Tests have been performed using simulated speckle noise as well as real radar images. It is found that the WCS filter performs equally well as the standard filters for low-level noise and slightly outperforms them for higher-level noise.