EUNA.DE vs. PCOM.DE
EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both exchange-traded funds - EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while PCOM.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, EUNA.DE returned 2.28%/yr vs 13.46%/yr for PCOM.DE. At a correlation of -0.17, they often move in opposite directions. EUNA.DE charges 0.10%/yr vs 0.19%/yr for PCOM.DE.
Performance
EUNA.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNA.DE achieves a -0.46% return, which is significantly lower than PCOM.DE's 25.30% return.
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
EUNA.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -0.52% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between EUNA.DE and PCOM.DE is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | -0.17 |
Over the past year, the inverse relationship between EUNA.DE and PCOM.DE has strengthened: their correlation has moved from -0.17 to -0.40, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EUNA.DE vs. PCOM.DE — Risk / Return Rank
EUNA.DE
PCOM.DE
EUNA.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| EUNA.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 4.17 | -3.75 |
| Martin ratioReturn relative to average drawdown | 1.18 | 9.37 | -8.19 |
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
| EUNA.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.89 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.64 | -0.69 |
Drawdowns
EUNA.DE vs. PCOM.DE - Drawdown Comparison
The maximum EUNA.DE drawdown since its inception was -17.79%, smaller than the maximum PCOM.DE drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for EUNA.DE and PCOM.DE.
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Drawdown Indicators
| EUNA.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -27.22% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -8.82% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -15.80% | +11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | — | — |
Current DrawdownCurrent decline from peak | -8.66% | -3.52% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -15.90% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.93% | -2.94% |
Volatility
EUNA.DE vs. PCOM.DE - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) is 1.35%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that EUNA.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
| EUNA.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 6.27% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 17.17% | -14.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 19.43% | -15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 17.76% | -13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 17.76% | -13.49% |
EUNA.DE vs. PCOM.DE - Expense Ratio Comparison
EUNA.DE has a 0.10% expense ratio, which is lower than PCOM.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNA.DE vs. PCOM.DE - Dividend Comparison
Neither EUNA.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNA.DE and PCOM.DE have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for PCOM.DE.
EUNA.DE is categorized as Global Bonds, while PCOM.DE is Commodities. EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for EUNA.DE and 0.19% for PCOM.DE.
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