PCOM.DE vs. XCMC.DE

Last updated Jun 5, 2026

PCOM.DE (WisdomTree Broad Commodities UCITS ETF) and XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) are both Commodities funds - PCOM.DE tracks the Bloomberg Commodity while XCMC.DE tracks the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, PCOM.DE returned 13.46%/yr vs 11.29%/yr for XCMC.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.19% expense ratio.

Performance

PCOM.DE vs. XCMC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.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 lower than XCMC.DE's 28.51% return.

PCOM.DE

• 1D: 0.54%
• 1M: -1.79%
• YTD: 25.30%
• 6M: 26.22%
• 1Y: 37.88%
• 3Y*: 13.46%
• 5Y*: —
• 10Y*: —

XCMC.DE

• 1D: -1.20%
• 1M: -1.31%
• YTD: 28.51%
• 6M: 19.96%
• 1Y: 29.14%
• 3Y*: 11.29%
• 5Y*: —
• 10Y*: —

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

PCOM.DE vs. XCMC.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%
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C	28.51%	-2.66%	11.92%	-9.34%	24.84%	3.18%

Correlation

The correlation between PCOM.DE and XCMC.DE is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.90

The correlation between PCOM.DE and XCMC.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

PCOM.DE vs. XCMC.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

XCMC.DE

XCMC.DE Risk / Return Rank: 54
XCMC.DE Sharpe Ratio Rank: 49
XCMC.DE Sortino Ratio Rank: 45
XCMC.DE Omega Ratio Rank: 52
XCMC.DE Calmar Ratio Rank: 75
XCMC.DE Martin Ratio Rank: 51

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. XCMC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (PCOM.DE) and Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.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	XCMC.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.66	+0.23
Sortino ratio: Return per unit of downside risk	2.36	2.21	+0.15
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.03
Calmar ratio: Return relative to maximum drawdown	4.17	3.72	+0.45
Martin ratio: Return relative to average drawdown	9.37	8.44	+0.94
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. XCMC.DE - Sharpe Ratio Comparison

The current PCOM.DE Sharpe Ratio is 1.89, which is comparable to the XCMC.DE Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PCOM.DE and XCMC.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	XCMC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.66	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.44	+0.20

Drawdowns

PCOM.DE vs. XCMC.DE - Drawdown Comparison

The maximum PCOM.DE drawdown since its inception was -27.22%, which is greater than XCMC.DE's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for PCOM.DE and XCMC.DE.

Drawdown Indicators

	PCOM.DE	XCMC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-22.91%	-4.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-7.80%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-14.82%	-0.98%
Current Drawdown Current decline from peak	-3.52%	-3.42%	-0.10%
Average Drawdown Average peak-to-trough decline	-15.90%	-12.68%	-3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.45%	+0.48%

Volatility

PCOM.DE vs. XCMC.DE - Volatility Comparison

WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a higher volatility of 6.27% compared to Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) at 4.94%. This indicates that PCOM.DE's price experiences larger fluctuations and is considered to be riskier than XCMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOM.DE	XCMC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.94%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	15.31%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	17.48%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	17.33%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	17.33%	+0.43%

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

Both PCOM.DE and XCMC.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PCOM.DE vs. XCMC.DE - Dividend Comparison

Neither PCOM.DE nor XCMC.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

PCOM.DE and XCMC.DE have a correlation of 0.86, 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 XCMC.DE?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

PCOM.DE and XCMC.DE have the same expense ratio: 0.19% per year.

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

PCOM.DE tracks Bloomberg Commodity, while XCMC.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: WisdomTree and Xtrackers.