PCOM.DE vs. BCFE.DE

Last updated Jun 5, 2026

PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both Commodities funds - PCOM.DE tracks the Bloomberg Commodity while BCFE.DE tracks the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 12.43%/yr for BCFE.DE. A 0.76 correlation means they provide meaningful diversification when combined. PCOM.DE charges 0.19%/yr vs 0.34%/yr for BCFE.DE.

Performance

PCOM.DE vs. BCFE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCOM.DE achieves a 25.30% return, which is significantly higher than BCFE.DE's 17.15% return.

PCOM.DE

• 1D: 0.54%
• 1M: -1.79%
• YTD: 25.30%
• 6M: 26.22%
• 1Y: 37.88%
• 3Y*: 13.46%
• 5Y*: —
• 10Y*: —

BCFE.DE

• 1D: -1.12%
• 1M: -2.28%
• YTD: 17.15%
• 6M: 19.15%
• 1Y: 29.80%
• 3Y*: 12.43%
• 5Y*: 9.76%
• 10Y*: —

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

PCOM.DE vs. BCFE.DE - 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%
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc	17.15%	16.62%	3.14%	-7.92%	14.03%	2.95%

Correlation

The correlation between PCOM.DE and BCFE.DE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.76

The correlation between PCOM.DE and BCFE.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

PCOM.DE vs. BCFE.DE — 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: 60
PCOM.DE Sharpe Ratio Rank: 57
PCOM.DE Sortino Ratio Rank: 48
PCOM.DE Omega Ratio Rank: 57
PCOM.DE Calmar Ratio Rank: 81
PCOM.DE Martin Ratio Rank: 55

BCFE.DE

BCFE.DE Risk / Return Rank: 69
BCFE.DE Sharpe Ratio Rank: 65
BCFE.DE Sortino Ratio Rank: 60
BCFE.DE Omega Ratio Rank: 67
BCFE.DE Calmar Ratio Rank: 86
BCFE.DE Martin Ratio Rank: 66

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. BCFE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.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.

	PCOM.DE	BCFE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.14	-0.24
Sortino ratio: Return per unit of downside risk	2.36	2.77	-0.41
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	4.17	4.83	-0.66
Martin ratio: Return relative to average drawdown	9.37	11.89	-2.52
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. BCFE.DE - Sharpe Ratio Comparison

The current PCOM.DE Sharpe Ratio is 1.89, which is comparable to the BCFE.DE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PCOM.DE and BCFE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PCOM.DE	BCFE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.14	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.49	+0.15

Drawdowns

PCOM.DE vs. BCFE.DE - Drawdown Comparison

The maximum PCOM.DE drawdown since its inception was -27.22%, smaller than the maximum BCFE.DE drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and BCFE.DE.

Drawdown Indicators

	PCOM.DE	BCFE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-32.93%	+5.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-6.14%	-2.68%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-11.00%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.28%	—
Current Drawdown Current decline from peak	-3.52%	-4.36%	+0.84%
Average Drawdown Average peak-to-trough decline	-15.90%	-13.69%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	2.50%	+1.43%

Volatility

PCOM.DE vs. BCFE.DE - Volatility Comparison

WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) at 4.33%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than BCFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOM.DE	BCFE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.33%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	12.10%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	13.88%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	17.51%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	15.30%	+2.46%

PCOM.DE vs. BCFE.DE - Expense Ratio Comparison

PCOM.DE has a 0.19% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.

Dividends

PCOM.DE vs. BCFE.DE - Dividend Comparison

Neither PCOM.DE nor BCFE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

PCOM.DE and BCFE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCOM.DE or BCFE.DE?

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.

Which ETF is cheaper, PCOM.DE or BCFE.DE?

PCOM.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for BCFE.DE.

What is the main difference between PCOM.DE and BCFE.DE?

PCOM.DE tracks Bloomberg Commodity, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.19% for PCOM.DE and 0.34% for BCFE.DE.