FCO2.DE vs. PCOM.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds - FCO2.DE tracks the EU Carbon Emission Allowances (EUA) while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, FCO2.DE returned -3.01%/yr vs 13.46%/yr for PCOM.DE. At a 0.11 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.19%/yr for PCOM.DE.
Performance
FCO2.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly lower than PCOM.DE's 25.30% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
PCOM.DE
- 1D
- 0.54%
- 1M
- 1.13%
- YTD
- 25.30%
- 6M
- 24.64%
- 1Y
- 37.29%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
FCO2.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | -16.63% |
Correlation
The correlation between FCO2.DE and PCOM.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.11 |
The correlation between FCO2.DE and PCOM.DE shifts across timeframes, from -0.05 (1 year) to 0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCO2.DE vs. PCOM.DE — Risk / Return Rank
FCO2.DE
PCOM.DE
FCO2.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.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.
| FCO2.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.17 | -4.01 |
| Martin ratioReturn relative to average drawdown | 0.41 | 9.37 | -8.97 |
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
| FCO2.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.89 | -1.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.64 | -0.71 |
Drawdowns
FCO2.DE vs. PCOM.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, 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 FCO2.DE and PCOM.DE.
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Drawdown Indicators
| FCO2.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -27.22% | -21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -8.82% | -22.64% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -15.80% | -29.80% |
Current DrawdownCurrent decline from peak | -24.40% | -3.52% | -20.88% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -15.90% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 3.93% | +8.48% |
Volatility
FCO2.DE vs. PCOM.DE - Volatility Comparison
HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) and WisdomTree Broad Commodities UCITS ETF (PCOM.DE) have volatilities of 5.99% and 6.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCO2.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.27% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 17.17% | +5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 19.43% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 17.76% | +16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 17.76% | +16.28% |
FCO2.DE vs. PCOM.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
FCO2.DE vs. PCOM.DE - Dividend Comparison
Neither FCO2.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
FCO2.DE and PCOM.DE have a correlation of -0.05, 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 0.89% for FCO2.DE.
FCO2.DE tracks EU Carbon Emission Allowances (EUA), while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: HANetf and WisdomTree. Their fees differ too: 0.89% for FCO2.DE and 0.19% for PCOM.DE.
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