PCOM.DE vs. WTEQ.DE
PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and WTEQ.DE (WisdomTree Global Quality Dividend Growth UCITS ETF USD (Dist)) are both exchange-traded funds - PCOM.DE is a Commodities fund tracking the Bloomberg Commodity, while WTEQ.DE is a Dividend fund tracking the WisdomTree Global Developed Quality Dividend Growth Index. Both are passively managed. Over the past 3 years, PCOM.DE returned 11.93%/yr vs 11.35%/yr for WTEQ.DE. At a 0.10 correlation, their price movements are largely independent. PCOM.DE charges 0.19%/yr vs 0.38%/yr for WTEQ.DE.
Performance
PCOM.DE vs. WTEQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PCOM.DE achieves a 21.06% return, which is significantly higher than WTEQ.DE's 8.53% return.
PCOM.DE
- 1D
- 0.00%
- 1M
- 3.08%
- 6M
- 17.60%
- YTD
- 21.06%
- 1Y
- 32.49%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
WTEQ.DE
- 1D
- 0.00%
- 1M
- 1.39%
- 6M
- 6.55%
- YTD
- 8.53%
- 1Y
- 16.75%
- 3Y*
- 11.35%
- 5Y*
- —
- 10Y*
- —
PCOM.DE vs. WTEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 21.06% | 5.09% | 10.91% | -10.29% | -13.29% |
WTEQ.DE WisdomTree Global Quality Dividend Growth UCITS ETF USD (Dist) | 8.53% | 3.61% | 15.54% | 14.11% | -6.31% |
Correlation
The correlation between PCOM.DE and WTEQ.DE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.10 |
The correlation between PCOM.DE and WTEQ.DE shifts across timeframes, from -0.17 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PCOM.DE vs. WTEQ.DE — Risk / Return Rank
PCOM.DE
WTEQ.DE
PCOM.DE vs. WTEQ.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 Global Quality Dividend Growth UCITS ETF USD (Dist) (WTEQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCOM.DE | WTEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.15 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.58 | 8.70 | -4.12 |
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Drawdowns
PCOM.DE vs. WTEQ.DE - Drawdown Comparison
The maximum PCOM.DE drawdown since its inception was -27.22%, which is greater than WTEQ.DE's maximum drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and WTEQ.DE.
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Drawdown Indicators
| PCOM.DE | WTEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -19.85% | -7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.18% | -7.84% | -7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -19.85% | +4.05% |
Current DrawdownCurrent decline from peak | -6.79% | -1.06% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -3.73% | -12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | 1.93% | +5.16% |
Volatility
PCOM.DE vs. WTEQ.DE - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 4.39% compared to WisdomTree Global Quality Dividend Growth UCITS ETF USD (Dist) (WTEQ.DE) at 2.49%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than WTEQ.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 | WTEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.49% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | 8.75% | +8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 11.27% | +17.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 12.40% | +8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 12.40% | +8.62% |
PCOM.DE vs. WTEQ.DE - Expense Ratio Comparison
PCOM.DE has a 0.19% expense ratio, which is lower than WTEQ.DE's 0.38% expense ratio.
Dividends
PCOM.DE vs. WTEQ.DE - Dividend Comparison
PCOM.DE has not paid dividends to shareholders, while WTEQ.DE's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEQ.DE WisdomTree Global Quality Dividend Growth UCITS ETF USD (Dist) | 1.17% | 1.26% | 1.59% | 1.84% | 1.61% |
Frequently Asked Questions
PCOM.DE and WTEQ.DE have a correlation of -0.17, 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 0.38% for WTEQ.DE.
PCOM.DE is categorized as Commodities, while WTEQ.DE is Dividend. PCOM.DE tracks Bloomberg Commodity, while WTEQ.DE tracks WisdomTree Global Developed Quality Dividend Growth Index. Their fees differ too: 0.19% for PCOM.DE and 0.38% for WTEQ.DE.
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