PCOM.DE vs. EXAG.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and EXAG.DE (WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc) are both Commodities funds from WisdomTree - PCOM.DE tracks the Bloomberg Commodity while EXAG.DE tracks the Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 18.34%/yr for EXAG.DE. A 0.61 correlation means they provide meaningful diversification when combined. PCOM.DE charges 0.19%/yr vs 0.60%/yr for EXAG.DE.
Performance
PCOM.DE vs. EXAG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PCOM.DE achieves a 25.30% return, which is significantly higher than EXAG.DE's 23.44% return.
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
EXAG.DE
- 1D
- -1.00%
- 1M
- -3.06%
- YTD
- 23.44%
- 6M
- 33.80%
- 1Y
- 60.10%
- 3Y*
- 18.34%
- 5Y*
- —
- 10Y*
- —
PCOM.DE vs. EXAG.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% |
EXAG.DE WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc | 23.44% | 32.86% | 1.21% | -10.04% | 12.14% | 3.43% |
Correlation
The correlation between PCOM.DE and EXAG.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.61 |
The correlation between PCOM.DE and EXAG.DE has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
PCOM.DE vs. EXAG.DE — Risk / Return Rank
PCOM.DE
EXAG.DE
PCOM.DE vs. EXAG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.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 | EXAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 5.01 | -0.84 |
| Martin ratioReturn relative to average drawdown | 9.37 | 17.27 | -7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCOM.DE | EXAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.73 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.53 | +0.12 |
Drawdowns
PCOM.DE vs. EXAG.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, smaller than the maximum EXAG.DE drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and EXAG.DE.
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Drawdown Indicators
| PCOM.DE | EXAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -35.04% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -11.94% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -15.69% | -0.11% |
Current DrawdownCurrent decline from peak | -3.52% | -6.47% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -21.25% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.47% | +0.46% |
Volatility
PCOM.DE vs. EXAG.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.DE) at 5.02%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than EXAG.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 | EXAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 5.02% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 19.08% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 21.98% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 20.80% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 20.80% | -3.04% |
PCOM.DE vs. EXAG.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than EXAG.DE's 0.60% expense ratio.
Dividends
PCOM.DE vs. EXAG.DE - Dividend Comparison
Neither PCOM.DE nor EXAG.DE has paid dividends to shareholders.
Frequently Asked Questions
PCOM.DE and EXAG.DE have a correlation of 0.69, 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 0.60% for EXAG.DE.
PCOM.DE tracks Bloomberg Commodity, while EXAG.DE tracks Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged). Their fees differ too: 0.19% for PCOM.DE and 0.60% for EXAG.DE.
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