UEQU.DE vs. PCOM.DE
UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, UEQU.DE returned 14.81%/yr vs 13.46%/yr for PCOM.DE. Their correlation of 0.84 suggests significant overlap in exposure. UEQU.DE charges 0.34%/yr vs 0.19%/yr for PCOM.DE.
Performance
UEQU.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UEQU.DE having a 25.53% return and PCOM.DE slightly lower at 25.30%.
UEQU.DE
- 1D
- -0.80%
- 1M
- 2.99%
- YTD
- 25.53%
- 6M
- 26.95%
- 1Y
- 40.51%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
PCOM.DE
- 1D
- 0.54%
- 1M
- 1.13%
- YTD
- 25.30%
- 6M
- 24.64%
- 1Y
- 37.29%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
UEQU.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 25.53% | 6.36% | 13.03% | -8.33% | 20.34% | 2.99% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between UEQU.DE and PCOM.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.84 |
The correlation between UEQU.DE and PCOM.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
UEQU.DE vs. PCOM.DE — Risk / Return Rank
UEQU.DE
PCOM.DE
UEQU.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.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.
| UEQU.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 4.17 | +2.12 |
| Martin ratioReturn relative to average drawdown | 15.25 | 9.37 | +5.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UEQU.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.89 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.64 | 0.00 |
Drawdowns
UEQU.DE vs. PCOM.DE - Drawdown Comparison
The maximum UEQU.DE drawdown since its inception was -30.56%, 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 UEQU.DE and PCOM.DE.
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Drawdown Indicators
| UEQU.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -27.22% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -8.82% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -15.80% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -3.52% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -15.90% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.93% | -1.24% |
Volatility
UEQU.DE vs. PCOM.DE - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) is 3.91%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that UEQU.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.
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Volatility by Period
| UEQU.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 6.27% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 17.17% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 19.43% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.76% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 17.76% | -1.35% |
UEQU.DE vs. PCOM.DE - Expense Ratio Comparison
UEQU.DE has a 0.34% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
UEQU.DE vs. PCOM.DE - Dividend Comparison
Neither UEQU.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
UEQU.DE and PCOM.DE have a correlation of 0.87, 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 0.34% for UEQU.DE.
UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while PCOM.DE tracks Bloomberg Commodity. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for UEQU.DE and 0.19% for PCOM.DE.
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