EMEH.DE vs. PCOM.DE
EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds - EMEH.DE tracks the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged) while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, EMEH.DE returned 16.63%/yr vs 13.46%/yr for PCOM.DE. A 0.73 correlation means they provide meaningful diversification when combined. EMEH.DE charges 0.39%/yr vs 0.19%/yr for PCOM.DE.
Performance
EMEH.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEH.DE achieves a 21.33% return, which is significantly lower than PCOM.DE's 25.30% return.
EMEH.DE
- 1D
- -0.55%
- 1M
- 0.49%
- YTD
- 21.33%
- 6M
- 22.74%
- 1Y
- 43.19%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
PCOM.DE
- 1D
- 0.54%
- 1M
- 1.13%
- YTD
- 25.30%
- 6M
- 24.64%
- 1Y
- 37.29%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
EMEH.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 3.21% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between EMEH.DE and PCOM.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.73 |
The correlation between EMEH.DE and PCOM.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
EMEH.DE vs. PCOM.DE — Risk / Return Rank
EMEH.DE
PCOM.DE
EMEH.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.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.
| EMEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 4.17 | +0.78 |
| Martin ratioReturn relative to average drawdown | 14.34 | 9.37 | +4.96 |
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
| EMEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.89 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.64 | -1.12 |
Drawdowns
EMEH.DE vs. PCOM.DE - Drawdown Comparison
The maximum EMEH.DE drawdown since its inception was -92.42%, 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 EMEH.DE and PCOM.DE.
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Drawdown Indicators
| EMEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.42% | -27.22% | -65.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.82% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -15.80% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | — | — |
Current DrawdownCurrent decline from peak | -80.34% | -3.52% | -76.82% |
Average DrawdownAverage peak-to-trough decline | -81.38% | -15.90% | -65.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.93% | -0.85% |
Volatility
EMEH.DE vs. PCOM.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) is 4.15%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that EMEH.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.
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Volatility by Period
| EMEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 6.27% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 17.17% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 19.43% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 17.76% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.16% | 17.76% | +16.40% |
EMEH.DE vs. PCOM.DE - Expense Ratio Comparison
EMEH.DE has a 0.39% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
EMEH.DE vs. PCOM.DE - Dividend Comparison
Neither EMEH.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEH.DE and PCOM.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PCOM.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for EMEH.DE.
EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged), while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 0.39% for EMEH.DE and 0.19% for PCOM.DE.
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