PCOM.DE vs. WTEI.DE

Last updated Jun 5, 2026

PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and WTEI.DE (WisdomTree Emerging Markets Equity Income UCITS ETF) are both exchange-traded funds - PCOM.DE is a Commodities fund tracking the Bloomberg Commodity, while WTEI.DE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets Equity Income. Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 15.85%/yr for WTEI.DE. At a 0.25 correlation, their price movements are largely independent. PCOM.DE charges 0.19%/yr vs 0.46%/yr for WTEI.DE.

Performance

PCOM.DE vs. WTEI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCOM.DE achieves a 25.30% return, which is significantly higher than WTEI.DE's 19.49% return.

PCOM.DE

• 1D: 0.54%
• 1M: 1.13%
• YTD: 25.30%
• 6M: 24.64%
• 1Y: 37.29%
• 3Y*: 13.46%
• 5Y*: —
• 10Y*: —

WTEI.DE

• 1D: -1.03%
• 1M: 4.16%
• YTD: 19.49%
• 6M: 19.16%
• 1Y: 27.05%
• 3Y*: 15.85%
• 5Y*: 10.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCOM.DE vs. WTEI.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%
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	19.49%	7.76%	11.91%	16.94%	-7.18%	-0.31%

Correlation

The correlation between PCOM.DE and WTEI.DE is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.25

The correlation between PCOM.DE and WTEI.DE shifts across timeframes, from -0.03 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PCOM.DE vs. WTEI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCOM.DE

PCOM.DE Risk / Return Rank: 60
PCOM.DE Sharpe Ratio Rank: 57
PCOM.DE Sortino Ratio Rank: 48
PCOM.DE Omega Ratio Rank: 57
PCOM.DE Calmar Ratio Rank: 81
PCOM.DE Martin Ratio Rank: 55

WTEI.DE

WTEI.DE Risk / Return Rank: 72
WTEI.DE Sharpe Ratio Rank: 65
WTEI.DE Sortino Ratio Rank: 65
WTEI.DE Omega Ratio Rank: 63
WTEI.DE Calmar Ratio Rank: 84
WTEI.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCOM.DE vs. WTEI.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 Emerging Markets Equity Income UCITS ETF (WTEI.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	WTEI.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.11	-0.22
Sortino ratio: Return per unit of downside risk	2.36	2.98	-0.62
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	4.17	4.45	-0.27
Martin ratio: Return relative to average drawdown	9.37	16.42	-7.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCOM.DE vs. WTEI.DE - Sharpe Ratio Comparison

The current PCOM.DE Sharpe Ratio is 1.89, which is comparable to the WTEI.DE Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PCOM.DE and WTEI.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PCOM.DE	WTEI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.11	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.89	-0.25

Drawdowns

PCOM.DE vs. WTEI.DE - Drawdown Comparison

The maximum PCOM.DE drawdown since its inception was -27.22%, which is greater than WTEI.DE's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and WTEI.DE.

Drawdown Indicators

	PCOM.DE	WTEI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-16.73%	-10.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-6.00%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-15.97%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.73%	—
Current Drawdown Current decline from peak	-3.52%	-1.51%	-2.01%
Average Drawdown Average peak-to-trough decline	-15.90%	-4.01%	-11.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	1.63%	+2.30%

Volatility

PCOM.DE vs. WTEI.DE - Volatility Comparison

WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) at 4.57%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than WTEI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOM.DE	WTEI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.57%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	9.66%	+7.51%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	12.64%	+6.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	13.86%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	13.97%	+3.79%

PCOM.DE vs. WTEI.DE - Expense Ratio Comparison

PCOM.DE has a 0.19% expense ratio, which is lower than WTEI.DE's 0.46% expense ratio.

Dividends

PCOM.DE vs. WTEI.DE - Dividend Comparison

PCOM.DE has not paid dividends to shareholders, while WTEI.DE's dividend yield for the trailing twelve months is around 3.73%.

Position	TTM	2025	2024	2023	2022	2021	2020
PCOM.DE WisdomTree Broad Commodities UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	3.73%	4.52%	7.52%	6.96%	7.43%	3.95%	1.46%

Frequently Asked Questions

Can I hold both PCOM.DE and WTEI.DE in my portfolio?

PCOM.DE and WTEI.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCOM.DE or WTEI.DE?

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.

Which ETF is cheaper, PCOM.DE or WTEI.DE?

PCOM.DE is cheaper with a 0.19% expense ratio, compared with 0.46% for WTEI.DE.

What is the main difference between PCOM.DE and WTEI.DE?

PCOM.DE is categorized as Commodities, while WTEI.DE is Emerging Markets Equities. PCOM.DE tracks Bloomberg Commodity, while WTEI.DE tracks WisdomTree Emerging Markets Equity Income. Their fees differ too: 0.19% for PCOM.DE and 0.46% for WTEI.DE.