PCOM.DE vs. ^GSPC
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) is Commodities fund tracking the Bloomberg Commodity, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 17.85%/yr for ^GSPC. At a 0.08 correlation, their price movements are largely independent.
Performance
PCOM.DE vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
PCOM.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PCOM.DE achieves a 25.30% return, which is significantly higher than ^GSPC's 12.06% return.
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
PCOM.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 1.42% |
Correlation
The correlation between PCOM.DE and ^GSPC is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCOM.DE vs. ^GSPC — Risk / Return Rank
PCOM.DE
^GSPC
PCOM.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and S&P 500 Index (^GSPC). 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.
| PCOM.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.30 | +0.87 |
| Martin ratioReturn relative to average drawdown | 9.37 | 12.34 | -2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PCOM.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.04 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.51 | +0.13 |
Drawdowns
PCOM.DE vs. ^GSPC - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and ^GSPC.
Loading charts...
Drawdown Indicators
| PCOM.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -51.62% | +24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -7.57% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -23.99% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -3.52% | -0.20% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -9.08% | -6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.02% | +1.91% |
Volatility
PCOM.DE vs. ^GSPC - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCOM.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 2.24% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 8.62% | +8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 12.29% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 16.79% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 18.59% | -0.83% |
Frequently Asked Questions
PCOM.DE and ^GSPC have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PCOM.DE and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer