GSDE.DE vs. PCOM.DE
GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds - GSDE.DE tracks the BNP Paribas Energy & Metals Enhanced Roll while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, GSDE.DE returned 15.82%/yr vs 13.46%/yr for PCOM.DE. Their correlation of 0.87 suggests significant overlap in exposure. GSDE.DE charges 0.39%/yr vs 0.19%/yr for PCOM.DE.
Performance
GSDE.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GSDE.DE achieves a 23.86% return, which is significantly lower than PCOM.DE's 25.30% return.
GSDE.DE
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 23.86%
- 6M
- 26.63%
- 1Y
- 44.74%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
GSDE.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 2.38% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between GSDE.DE and PCOM.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.87 |
The correlation between GSDE.DE and PCOM.DE has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
GSDE.DE vs. PCOM.DE — Risk / Return Rank
GSDE.DE
PCOM.DE
GSDE.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 (GSDE.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.
| GSDE.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 4.17 | +1.47 |
| Martin ratioReturn relative to average drawdown | 12.60 | 9.37 | +3.22 |
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
| GSDE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.89 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.64 | -0.56 |
Drawdowns
GSDE.DE vs. PCOM.DE - Drawdown Comparison
The maximum GSDE.DE drawdown since its inception was -68.91%, 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 GSDE.DE and PCOM.DE.
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Drawdown Indicators
| GSDE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -27.22% | -41.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -8.82% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -15.80% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.72% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -3.52% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -15.90% | -28.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.93% | -0.39% |
Volatility
GSDE.DE vs. PCOM.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) is 4.51%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that GSDE.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
| GSDE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 6.27% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 17.17% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 19.43% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 17.76% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.76% | -2.00% |
GSDE.DE vs. PCOM.DE - Expense Ratio Comparison
GSDE.DE has a 0.39% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
GSDE.DE vs. PCOM.DE - Dividend Comparison
Neither GSDE.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
GSDE.DE and PCOM.DE have a correlation of 0.88, 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 GSDE.DE.
GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll, while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 0.39% for GSDE.DE and 0.19% for PCOM.DE.
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