PCOM.DE vs. EMEH.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both Commodities funds - PCOM.DE tracks the Bloomberg Commodity while EMEH.DE tracks the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). Both are passively managed. Over the past 3 years, PCOM.DE returned 11.93%/yr vs 12.18%/yr for EMEH.DE. A 0.72 correlation means they provide meaningful diversification when combined. PCOM.DE charges 0.19%/yr vs 0.39%/yr for EMEH.DE.
Performance
PCOM.DE vs. EMEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PCOM.DE achieves a 21.06% return, which is significantly higher than EMEH.DE's 11.12% return.
PCOM.DE
- 1D
- 0.00%
- 1M
- 3.08%
- 6M
- 17.60%
- YTD
- 21.06%
- 1Y
- 32.49%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
EMEH.DE
- 1D
- -0.59%
- 1M
- -3.23%
- 6M
- 7.30%
- YTD
- 11.12%
- 1Y
- 28.16%
- 3Y*
- 12.18%
- 5Y*
- 9.19%
- 10Y*
- —
PCOM.DE vs. EMEH.DE - 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% |
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 11.12% | 25.43% | 6.61% | -12.28% | 11.18% | 1.25% |
Correlation
The correlation between PCOM.DE and EMEH.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021 | 0.72 |
The correlation between PCOM.DE and EMEH.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
PCOM.DE vs. EMEH.DE — Risk / Return Rank
PCOM.DE
EMEH.DE
PCOM.DE vs. EMEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.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.
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 | EMEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.93 | +0.21 |
| Martin ratioReturn relative to average drawdown | 4.58 | 6.09 | -1.51 |
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Drawdowns
PCOM.DE vs. EMEH.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, smaller than the maximum EMEH.DE drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and EMEH.DE.
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Drawdown Indicators
| PCOM.DE | EMEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -99.99% | +72.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.18% | -14.53% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -14.53% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.74% | — |
Current DrawdownCurrent decline from peak | -6.79% | -97.90% | +91.11% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -96.26% | +80.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | 4.61% | +2.48% |
Volatility
PCOM.DE vs. EMEH.DE - Volatility Comparison
The current volatility for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) is 4.39%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a volatility of 4.71%. This indicates that PCOM.DE experiences smaller price fluctuations and is considered to be less risky than EMEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCOM.DE | EMEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.71% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | 15.29% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 18.03% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 17.58% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 24,935.53% | -24,914.51% |
PCOM.DE vs. EMEH.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than EMEH.DE's 0.39% expense ratio.
Dividends
PCOM.DE vs. EMEH.DE - Dividend Comparison
Neither PCOM.DE nor EMEH.DE has paid dividends to shareholders.
Frequently Asked Questions
PCOM.DE and EMEH.DE have a correlation of 0.79, 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 EMEH.DE.
PCOM.DE tracks Bloomberg Commodity, while EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged). They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.19% for PCOM.DE and 0.39% for EMEH.DE.
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