PCOM.DE vs. WTEH.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds from WisdomTree - PCOM.DE tracks the Bloomberg Commodity while WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 14.16%/yr for WTEH.DE. A 0.77 correlation means they provide meaningful diversification when combined. PCOM.DE charges 0.19%/yr vs 0.35%/yr for WTEH.DE.
Performance
PCOM.DE vs. WTEH.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 lower than WTEH.DE's 28.87% return.
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
WTEH.DE
- 1D
- -1.21%
- 1M
- -3.19%
- YTD
- 28.87%
- 6M
- 31.61%
- 1Y
- 41.28%
- 3Y*
- 14.16%
- 5Y*
- 9.32%
- 10Y*
- —
PCOM.DE vs. WTEH.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% |
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc | 28.87% | 14.12% | 1.38% | -8.99% | 8.44% | 3.02% |
Correlation
The correlation between PCOM.DE and WTEH.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.77 |
The correlation between PCOM.DE and WTEH.DE has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
PCOM.DE vs. WTEH.DE — Risk / Return Rank
PCOM.DE
WTEH.DE
PCOM.DE vs. WTEH.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 UCITS ETF (EUR Hedged) Acc (WTEH.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 | WTEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 6.93 | -2.76 |
| Martin ratioReturn relative to average drawdown | 9.37 | 15.94 | -6.57 |
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 | WTEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.50 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.86 | -0.21 |
Drawdowns
PCOM.DE vs. WTEH.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, roughly equal to the maximum WTEH.DE drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and WTEH.DE.
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Drawdown Indicators
| PCOM.DE | WTEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -28.22% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -5.93% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -10.31% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.22% | — |
Current DrawdownCurrent decline from peak | -3.52% | -4.05% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -14.64% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.58% | +1.35% |
Volatility
PCOM.DE vs. WTEH.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) at 5.17%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than WTEH.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 | WTEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 5.17% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 14.77% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 16.45% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 15.57% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 15.39% | +2.37% |
PCOM.DE vs. WTEH.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than WTEH.DE's 0.35% expense ratio.
Dividends
PCOM.DE vs. WTEH.DE - Dividend Comparison
Neither PCOM.DE nor WTEH.DE has paid dividends to shareholders.
Frequently Asked Questions
PCOM.DE and WTEH.DE have a correlation of 0.84, 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 0.35% for WTEH.DE.
PCOM.DE tracks Bloomberg Commodity, while WTEH.DE tracks Optimized Roll Commodity (EUR Hedged). Their fees differ too: 0.19% for PCOM.DE and 0.35% for WTEH.DE.
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