PCOM.DE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and S&P 500 Index (^GSPC).

PCOM.DE is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Commodity. It was launched on Nov 29, 2021.

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.

PCOM.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PCOM.DE WisdomTree Broad Commodities UCITS ETF	22.05%	5.09%	10.91%	-10.29%	19.78%	3.63%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	1.42%

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 22.05% return, which is significantly higher than ^GSPC's -2.47% return.

PCOM.DE

• 1D: -2.04%
• 1M: 9.80%
• YTD: 22.05%
• 6M: 32.01%
• 1Y: 22.14%
• 3Y*: 11.11%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

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

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: 65
PCOM.DE Sharpe Ratio Rank: 67
PCOM.DE Sortino Ratio Rank: 63
PCOM.DE Omega Ratio Rank: 60
PCOM.DE Calmar Ratio Rank: 83
PCOM.DE Martin Ratio Rank: 53

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

	PCOM.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.43	+0.81
Sortino ratio Return per unit of downside risk	1.70	0.73	+0.97
Omega ratio Gain probability vs. loss probability	1.23	1.12	+0.12
Calmar ratio Return relative to maximum drawdown	2.61	0.66	+1.95
Martin ratio Return relative to average drawdown	5.67	2.77	+2.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCOM.DE vs. ^GSPC - Sharpe Ratio Comparison

The current PCOM.DE Sharpe Ratio is 1.25, which is higher than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of PCOM.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCOM.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.43	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.45	+0.19

Correlation

The correlation between PCOM.DE and ^GSPC is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 -53.11%. 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%	-56.78%	+29.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.89%	-12.14%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-2.04%	-5.78%	+3.74%
Average Drawdown Average peak-to-trough decline	-16.38%	-10.75%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.60%	+1.47%

Volatility

PCOM.DE vs. ^GSPC - Volatility Comparison

WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 8.59% compared to S&P 500 Index (^GSPC) at 4.42%. 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	8.59%	4.42%	+4.17%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	9.93%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	20.69%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	16.81%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	18.63%	-1.32%