PCOM.DE vs. EN4C.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both Commodities funds - PCOM.DE tracks the Bloomberg Commodity while EN4C.DE tracks the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, PCOM.DE returned 11.93%/yr vs 9.14%/yr for EN4C.DE. Their correlation of 0.88 suggests significant overlap in exposure. PCOM.DE charges 0.19%/yr vs 0.30%/yr for EN4C.DE.
Performance
PCOM.DE vs. EN4C.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with PCOM.DE having a 21.06% return and EN4C.DE slightly higher at 21.96%.
PCOM.DE
- 1D
- 0.00%
- 1M
- 3.08%
- 6M
- 17.60%
- YTD
- 21.06%
- 1Y
- 32.49%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
EN4C.DE
- 1D
- 0.00%
- 1M
- 2.76%
- 6M
- 16.98%
- YTD
- 21.96%
- 1Y
- 26.29%
- 3Y*
- 9.14%
- 5Y*
- —
- 10Y*
- —
PCOM.DE vs. EN4C.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% |
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 21.96% | -3.13% | 9.93% | -5.63% | 29.83% | 1.76% |
Correlation
The correlation between PCOM.DE and EN4C.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021 | 0.88 |
The correlation between PCOM.DE and EN4C.DE has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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. EN4C.DE — Risk / Return Rank
PCOM.DE
EN4C.DE
PCOM.DE vs. EN4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.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 | EN4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.34 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.58 | 7.26 | -2.68 |
Loading charts...
Drawdowns
PCOM.DE vs. EN4C.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, which is greater than EN4C.DE's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and EN4C.DE.
Loading charts...
Drawdown Indicators
| PCOM.DE | EN4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -25.41% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.18% | -11.27% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -17.63% | +1.83% |
Current DrawdownCurrent decline from peak | -6.79% | -5.94% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -13.75% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | 3.63% | +3.46% |
Volatility
PCOM.DE vs. EN4C.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 4.39% compared to L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) at 4.04%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than EN4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCOM.DE | EN4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.04% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | 15.25% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 17.85% | +10.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 18.17% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 18.17% | +2.85% |
PCOM.DE vs. EN4C.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than EN4C.DE's 0.30% expense ratio.
Dividends
PCOM.DE vs. EN4C.DE - Dividend Comparison
Neither PCOM.DE nor EN4C.DE has paid dividends to shareholders.
Frequently Asked Questions
PCOM.DE and EN4C.DE have a correlation of 0.88, 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 0.30% for EN4C.DE.
PCOM.DE tracks Bloomberg Commodity, while EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped. They also come from different issuers: WisdomTree and Legal & General. Their fees differ too: 0.19% for PCOM.DE and 0.30% for EN4C.DE.
Find the right allocation for PCOM.DE and EN4C.DE
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