SJPS.DE vs. PCOM.DE

Last updated Jun 5, 2026

SJPS.DE (WisdomTree Long JPY Short EUR UCITS ETP) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both exchange-traded funds - SJPS.DE is a Currency fund tracking the MSFXSM Long Japanese Yen/Euro Total Return Index, while PCOM.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, SJPS.DE returned -8.27%/yr vs 13.46%/yr for PCOM.DE. At a 0.06 correlation, their price movements are largely independent. SJPS.DE charges 0.39%/yr vs 0.19%/yr for PCOM.DE.

Performance

SJPS.DE vs. PCOM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Long JPY Short EUR UCITS ETP (SJPS.DE) and WisdomTree Broad Commodities UCITS ETF (PCOM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJPS.DE achieves a -1.71% return, which is significantly lower than PCOM.DE's 25.30% return.

SJPS.DE

• 1D: -0.16%
• 1M: -1.30%
• YTD: -1.71%
• 6M: -3.25%
• 1Y: -12.42%
• 3Y*: -8.27%
• 5Y*: -7.83%
• 10Y*: -5.56%

PCOM.DE

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

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

SJPS.DE vs. PCOM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SJPS.DE WisdomTree Long JPY Short EUR UCITS ETP	-1.71%	-11.27%	-6.44%	-11.64%	-8.90%	-1.86%
PCOM.DE WisdomTree Broad Commodities UCITS ETF	25.30%	5.09%	10.91%	-10.29%	19.78%	3.63%

Correlation

The correlation between SJPS.DE and PCOM.DE is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.06

Return for Risk

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

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

SJPS.DE

SJPS.DE Risk / Return Rank: 0
SJPS.DE Sharpe Ratio Rank: 0
SJPS.DE Sortino Ratio Rank: 0
SJPS.DE Omega Ratio Rank: 0
SJPS.DE Calmar Ratio Rank: 0
SJPS.DE Martin Ratio Rank: 1

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

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.

SJPS.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Long JPY Short EUR UCITS ETP (SJPS.DE) and WisdomTree Broad Commodities UCITS ETF (PCOM.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.

	SJPS.DE	PCOM.DE	Difference
Sharpe ratio: Return per unit of total volatility	-2.12	1.89	-4.01
Sortino ratio: Return per unit of downside risk	-3.00	2.36	-5.37
Omega ratio: Gain probability vs. loss probability	0.69	1.34	-0.66
Calmar ratio: Return relative to maximum drawdown	-1.00	4.17	-5.17
Martin ratio: Return relative to average drawdown	-1.45	9.37	-10.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SJPS.DE Sharpe Ratio is -2.12, which is lower than the PCOM.DE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SJPS.DE and PCOM.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

	SJPS.DE	PCOM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-2.12	1.89	-4.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	0.64	-1.02

Drawdowns

SJPS.DE vs. PCOM.DE - Drawdown Comparison

The maximum SJPS.DE drawdown since its inception was -58.29%, which is greater than PCOM.DE's maximum drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for SJPS.DE and PCOM.DE.

Drawdown Indicators

	SJPS.DE	PCOM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-58.29%	-27.22%	-31.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-8.82%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-23.26%	-15.80%	-7.46%
Max Drawdown (5Y) Largest decline over 5 years	-37.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.21%	—	—
Current Drawdown Current decline from peak	-57.99%	-3.52%	-54.47%
Average Drawdown Average peak-to-trough decline	-30.96%	-15.90%	-15.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.81%	3.93%	+4.88%

Volatility

SJPS.DE vs. PCOM.DE - Volatility Comparison

The current volatility for WisdomTree Long JPY Short EUR UCITS ETP (SJPS.DE) is 0.77%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that SJPS.DE experiences smaller price fluctuations and is considered to be less risky than PCOM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJPS.DE	PCOM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	6.27%	-5.50%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	17.17%	-12.61%
Volatility (1Y) Calculated over the trailing 1-year period	6.18%	19.43%	-13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.42%	17.76%	-8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.96%	17.76%	-8.80%

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

SJPS.DE has a 0.39% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.

Dividends

SJPS.DE vs. PCOM.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SJPS.DE and PCOM.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

PCOM.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for SJPS.DE.

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

SJPS.DE is categorized as Currency, while PCOM.DE is Commodities. SJPS.DE tracks MSFXSM Long Japanese Yen/Euro Total Return Index, while PCOM.DE tracks Bloomberg Commodity. Their fees differ too: 0.39% for SJPS.DE and 0.19% for PCOM.DE.