PCOM.DE vs. ^GSPC

Last updated Jul 16, 2026

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 11.93%/yr vs 18.02%/yr for ^GSPC. At a 0.08 correlation, their price movements are largely independent.

Performance

PCOM.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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 21.06% return, which is significantly higher than ^GSPC's 13.20% return.

PCOM.DE

• 1D: 0.00%
• 1M: 3.08%
• 6M: 17.60%
• YTD: 21.06%
• 1Y: 32.49%
• 3Y*: 11.93%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: 1.21%
• 6M: 10.91%
• YTD: 13.20%
• 1Y: 22.56%
• 3Y*: 18.02%
• 5Y*: 12.47%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCOM.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PCOM.DE WisdomTree Broad Commodities UCITS ETF	21.06%	5.09%	10.91%	-10.29%	19.78%	-10.00%
^GSPC S&P 500 Index	13.27%	2.58%	31.45%	20.51%	-14.45%	3.26%

Correlation

The correlation between PCOM.DE and ^GSPC 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	0.10
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021	0.08

Return for Risk

PCOM.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCOM.DE

PCOM.DE Risk / Return Rank: 44
PCOM.DE Sharpe Ratio Rank: 38
PCOM.DE Sortino Ratio Rank: 37
PCOM.DE Omega Ratio Rank: 57
PCOM.DE Calmar Ratio Rank: 52
PCOM.DE Martin Ratio Rank: 36

^GSPC

^GSPC Risk / Return Rank: 81
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 81
^GSPC Omega Ratio Rank: 84
^GSPC Calmar Ratio Rank: 74
^GSPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PCOM.DE	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.80	-0.67
Sortino ratio: Return per unit of downside risk	1.63	2.36	-0.72
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.14	3.00	-0.86
Martin ratio: Return relative to average drawdown	4.58	11.06	-6.48

PCOM.DE vs. ^GSPC - Sharpe Ratio Comparison

The current PCOM.DE Sharpe Ratio is 1.13, which is lower than the ^GSPC Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of PCOM.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -51.28%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and ^GSPC.

Drawdown Indicators

	PCOM.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-51.28%	+24.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.18%	-7.57%	-7.61%
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 Drawdown Current decline from peak	-6.79%	-0.58%	-6.21%
Average Drawdown Average peak-to-trough decline	-15.89%	-8.94%	-6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.09%	2.04%	+5.05%

Volatility

PCOM.DE vs. ^GSPC - Volatility Comparison

WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 4.39% compared to S&P 500 Index (^GSPC) at 3.04%. 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.

Volatility by Period

	PCOM.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	3.04%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	9.17%	+8.34%
Volatility (1Y) Calculated over the trailing 1-year period	28.71%	12.60%	+16.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.02%	16.85%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	18.60%	+2.42%

Frequently Asked Questions

Can I hold both PCOM.DE and ^GSPC in my portfolio?

PCOM.DE and ^GSPC 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.