PCOM.DE vs. SBU3.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and SBU3.DE (WisdomTree Bund 10Y 3x Daily Short) are both exchange-traded funds - PCOM.DE is a Commodities fund tracking the Bloomberg Commodity, while SBU3.DE is a Leveraged Bonds fund tracking the BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index. Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 5.14%/yr for SBU3.DE. At a 0.14 correlation, their price movements are largely independent. PCOM.DE charges 0.19%/yr vs 0.30%/yr for SBU3.DE.
Performance
PCOM.DE vs. SBU3.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 SBU3.DE's 1.71% return.
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
SBU3.DE
- 1D
- 0.19%
- 1M
- -1.38%
- YTD
- 1.71%
- 6M
- 3.80%
- 1Y
- 8.07%
- 3Y*
- 5.14%
- 5Y*
- 12.87%
- 10Y*
- 0.96%
PCOM.DE vs. SBU3.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% |
SBU3.DE WisdomTree Bund 10Y 3x Daily Short | 1.71% | 8.28% | 14.07% | -14.50% | 75.74% | 4.11% |
Correlation
The correlation between PCOM.DE and SBU3.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.14 |
The correlation between PCOM.DE and SBU3.DE shifts across timeframes, from 0.14 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PCOM.DE vs. SBU3.DE — Risk / Return Rank
PCOM.DE
SBU3.DE
PCOM.DE vs. SBU3.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 Bund 10Y 3x Daily Short (SBU3.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 | SBU3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.11 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.13 | +3.04 |
| Martin ratioReturn relative to average drawdown | 9.37 | 3.02 | +6.35 |
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 | SBU3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.59 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.16 | +0.80 |
Drawdowns
PCOM.DE vs. SBU3.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, smaller than the maximum SBU3.DE drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and SBU3.DE.
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Drawdown Indicators
| PCOM.DE | SBU3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -64.58% | +37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -7.13% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -21.99% | +6.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.09% | — |
Current DrawdownCurrent decline from peak | -3.52% | -28.72% | +25.20% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -41.75% | +25.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.65% | +1.28% |
Volatility
PCOM.DE vs. SBU3.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) at 5.43%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than SBU3.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 | SBU3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 5.43% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 10.90% | +6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 13.57% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 22.37% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 18.40% | -0.64% |
PCOM.DE vs. SBU3.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than SBU3.DE's 0.30% expense ratio.
Dividends
PCOM.DE vs. SBU3.DE - Dividend Comparison
Neither PCOM.DE nor SBU3.DE has paid dividends to shareholders.
Frequently Asked Questions
PCOM.DE and SBU3.DE have a correlation of 0.34, 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 SBU3.DE.
PCOM.DE is categorized as Commodities, while SBU3.DE is Leveraged Bonds. PCOM.DE tracks Bloomberg Commodity, while SBU3.DE tracks BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index. Their fees differ too: 0.19% for PCOM.DE and 0.30% for SBU3.DE.
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