BCFE.DE vs. PCOM.DE

Last updated Jun 5, 2026

BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds - BCFE.DE tracks the UBS BCOM Constant Maturity (EUR Hedged) while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, BCFE.DE returned 12.43%/yr vs 13.46%/yr for PCOM.DE. A 0.76 correlation means they provide meaningful diversification when combined. BCFE.DE charges 0.34%/yr vs 0.19%/yr for PCOM.DE.

Performance

BCFE.DE vs. PCOM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) and WisdomTree Broad Commodities UCITS ETF (PCOM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCFE.DE achieves a 17.15% return, which is significantly lower than PCOM.DE's 25.30% return.

BCFE.DE

• 1D: -1.12%
• 1M: -0.08%
• YTD: 17.15%
• 6M: 18.41%
• 1Y: 28.89%
• 3Y*: 12.43%
• 5Y*: 9.76%
• 10Y*: —

PCOM.DE

• 1D: 0.54%
• 1M: 1.13%
• YTD: 25.30%
• 6M: 24.64%
• 1Y: 37.29%
• 3Y*: 13.46%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCFE.DE vs. PCOM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc	17.15%	16.62%	3.14%	-7.92%	14.03%	2.95%
PCOM.DE WisdomTree Broad Commodities UCITS ETF	25.30%	5.09%	10.91%	-10.29%	19.78%	3.63%

Correlation

The correlation between BCFE.DE and PCOM.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.76

The correlation between BCFE.DE and PCOM.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

BCFE.DE vs. PCOM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCFE.DE

BCFE.DE Risk / Return Rank: 69
BCFE.DE Sharpe Ratio Rank: 65
BCFE.DE Sortino Ratio Rank: 60
BCFE.DE Omega Ratio Rank: 67
BCFE.DE Calmar Ratio Rank: 86
BCFE.DE Martin Ratio Rank: 66

PCOM.DE

PCOM.DE Risk / Return Rank: 60
PCOM.DE Sharpe Ratio Rank: 57
PCOM.DE Sortino Ratio Rank: 48
PCOM.DE Omega Ratio Rank: 57
PCOM.DE Calmar Ratio Rank: 81
PCOM.DE Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCFE.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) and WisdomTree Broad Commodities UCITS ETF (PCOM.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.

	BCFE.DE	PCOM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.89	+0.24
Sortino ratio: Return per unit of downside risk	2.77	2.36	+0.41
Omega ratio: Gain probability vs. loss probability	1.40	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	4.83	4.17	+0.66
Martin ratio: Return relative to average drawdown	11.89	9.37	+2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCFE.DE vs. PCOM.DE - Sharpe Ratio Comparison

The current BCFE.DE Sharpe Ratio is 2.14, which is comparable to the PCOM.DE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of BCFE.DE and PCOM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCFE.DE	PCOM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.89	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.64	-0.15

Drawdowns

BCFE.DE vs. PCOM.DE - Drawdown Comparison

The maximum BCFE.DE drawdown since its inception was -32.93%, which is greater than PCOM.DE's maximum drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for BCFE.DE and PCOM.DE.

Drawdown Indicators

	BCFE.DE	PCOM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-27.22%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-8.82%	+2.68%
Max Drawdown (3Y) Largest decline over 3 years	-11.00%	-15.80%	+4.80%
Max Drawdown (5Y) Largest decline over 5 years	-27.28%	—	—
Current Drawdown Current decline from peak	-4.36%	-3.52%	-0.84%
Average Drawdown Average peak-to-trough decline	-13.69%	-15.90%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.93%	-1.43%

Volatility

BCFE.DE vs. PCOM.DE - Volatility Comparison

The current volatility for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) is 4.33%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that BCFE.DE experiences smaller price fluctuations and is considered to be less risky than PCOM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCFE.DE	PCOM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	6.27%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	17.17%	-5.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	19.43%	-5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	17.76%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	17.76%	-2.46%

BCFE.DE vs. PCOM.DE - Expense Ratio Comparison

BCFE.DE has a 0.34% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.

Dividends

BCFE.DE vs. PCOM.DE - Dividend Comparison

Neither BCFE.DE nor PCOM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCFE.DE and PCOM.DE in my portfolio?

BCFE.DE and PCOM.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFE.DE or PCOM.DE?

On fees, PCOM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFE.DE or PCOM.DE?

PCOM.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for BCFE.DE.

What is the main difference between BCFE.DE and PCOM.DE?

BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged), while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for BCFE.DE and 0.19% for PCOM.DE.