PCOM.DE vs. WTEE.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both exchange-traded funds - PCOM.DE is a Commodities fund tracking the Bloomberg Commodity, while WTEE.DE is a Europe Equities fund tracking the WisdomTree Europe Equity Income. Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 17.15%/yr for WTEE.DE. At a 0.11 correlation, their price movements are largely independent. PCOM.DE charges 0.19%/yr vs 0.29%/yr for WTEE.DE.
Performance
PCOM.DE vs. WTEE.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 WTEE.DE's 13.70% return.
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
PCOM.DE vs. WTEE.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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 3.21% |
Correlation
The correlation between PCOM.DE and WTEE.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.11 |
The correlation between PCOM.DE and WTEE.DE shifts across timeframes, from -0.05 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PCOM.DE vs. WTEE.DE — Risk / Return Rank
PCOM.DE
WTEE.DE
PCOM.DE vs. WTEE.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 Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.80 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.37 | 14.72 | -5.34 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.35 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.08 | -0.44 |
Drawdowns
PCOM.DE vs. WTEE.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and WTEE.DE.
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Drawdown Indicators
| PCOM.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -16.45% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -6.78% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -14.12% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.45% | — |
Current DrawdownCurrent decline from peak | -3.52% | -1.96% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -2.65% | -13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 1.75% | +2.18% |
Volatility
PCOM.DE vs. WTEE.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 3.73% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 8.73% | +8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 10.94% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 14.50% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 14.99% | +2.77% |
PCOM.DE vs. WTEE.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
PCOM.DE vs. WTEE.DE - Dividend Comparison
PCOM.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
Frequently Asked Questions
PCOM.DE and WTEE.DE have a correlation of -0.05, 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 0.29% for WTEE.DE.
PCOM.DE is categorized as Commodities, while WTEE.DE is Europe Equities. PCOM.DE tracks Bloomberg Commodity, while WTEE.DE tracks WisdomTree Europe Equity Income. Their fees differ too: 0.19% for PCOM.DE and 0.29% for WTEE.DE.
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