PPI vs. GCC

Last updated Jun 4, 2026

PPI (AXS Astoria Inflation Sensitive ETF) and GCC (WisdomTree Enhanced Commodity Strategy Fund) are both exchange-traded funds - PPI is a Global Allocation fund actively managed by AXS, while GCC is a Commodities fund actively managed by WisdomTree. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. PPI charges 0.76%/yr vs 0.55%/yr for GCC.

Performance

PPI vs. GCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Astoria Inflation Sensitive ETF (PPI) and WisdomTree Enhanced Commodity Strategy Fund (GCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PPI

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCC

• 1D: -0.48%
• 1M: -1.53%
• YTD: 18.63%
• 6M: 21.66%
• 1Y: 37.16%
• 3Y*: 19.03%
• 5Y*: 11.48%
• 10Y*: 6.84%

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

PPI vs. GCC - Yearly Performance Comparison

	2026 (YTD)
PPI AXS Astoria Inflation Sensitive ETF	-0.59%
GCC WisdomTree Enhanced Commodity Strategy Fund	0.32%

Correlation

The correlation between PPI and GCC is -0.20, 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 (All Time) Calculated using the full available price history since May 29, 2026	-0.20

Return for Risk

PPI vs. GCC — Risk / Return Rank

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

GCC

GCC Risk / Return Rank: 67
GCC Sharpe Ratio Rank: 67
GCC Sortino Ratio Rank: 56
GCC Omega Ratio Rank: 69
GCC Calmar Ratio Rank: 73
GCC Martin Ratio Rank: 71

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.

PPI vs. GCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Astoria Inflation Sensitive ETF (PPI) and WisdomTree Enhanced Commodity Strategy Fund (GCC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PPI	GCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.74	0.08	-2.82

Drawdowns

PPI vs. GCC - Drawdown Comparison

The maximum PPI drawdown since its inception was -1.46%, smaller than the maximum GCC drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for PPI and GCC.

Drawdown Indicators

	PPI	GCC	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-63.19%	+61.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.93%	—
Current Drawdown Current decline from peak	-0.59%	-5.29%	+4.70%
Average Drawdown Average peak-to-trough decline	-0.79%	-34.91%	+34.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.78%	—

Volatility

Volatility by Period

	PPI	GCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	16.63%	-3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	16.93%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	14.77%	-1.72%

PPI vs. GCC - Expense Ratio Comparison

PPI has a 0.76% expense ratio, which is higher than GCC's 0.55% expense ratio.

Dividends

PPI vs. GCC - Dividend Comparison

PPI has not paid dividends to shareholders, while GCC's dividend yield for the trailing twelve months is around 5.60%.

Position	TTM	2025	2024	2023	2022	2021
GCC WisdomTree Enhanced Commodity Strategy Fund	5.60%	6.64%	3.51%	3.68%	22.49%	9.76%
PPI AXS Astoria Inflation Sensitive ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPI and GCC in my portfolio?

PPI and GCC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPI or GCC?

On fees, GCC is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PPI or GCC?

GCC is cheaper with a 0.55% expense ratio, compared with 0.76% for PPI.

Which ETF pays a higher dividend yield, PPI or GCC?

GCC has the higher dividend yield at 5.60%, compared with 0.00% for PPI.

What is the main difference between PPI and GCC?

PPI is categorized as Global Allocation, while GCC is Commodities. They also come from different issuers: AXS and WisdomTree. Their fees differ too: 0.76% for PPI and 0.55% for GCC.