WTEH.DE vs. PCOM.DE
WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both Commodities funds from WisdomTree - WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged) while PCOM.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, WTEH.DE returned 14.16%/yr vs 13.46%/yr for PCOM.DE. A 0.77 correlation means they provide meaningful diversification when combined. WTEH.DE charges 0.35%/yr vs 0.19%/yr for PCOM.DE.
Performance
WTEH.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEH.DE achieves a 28.87% return, which is significantly higher than PCOM.DE's 25.30% return.
WTEH.DE
- 1D
- -1.21%
- 1M
- -0.63%
- YTD
- 28.87%
- 6M
- 30.95%
- 1Y
- 40.23%
- 3Y*
- 14.16%
- 5Y*
- 9.32%
- 10Y*
- —
PCOM.DE
- 1D
- 0.54%
- 1M
- 1.13%
- YTD
- 25.30%
- 6M
- 24.64%
- 1Y
- 37.29%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
WTEH.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc | 28.87% | 14.12% | 1.38% | -8.99% | 8.44% | 3.02% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between WTEH.DE and PCOM.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.77 |
The correlation between WTEH.DE and PCOM.DE has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
WTEH.DE vs. PCOM.DE — Risk / Return Rank
WTEH.DE
PCOM.DE
WTEH.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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.
| WTEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 4.17 | +2.76 |
| Martin ratioReturn relative to average drawdown | 15.94 | 9.37 | +6.57 |
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
| WTEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.89 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.64 | +0.21 |
Drawdowns
WTEH.DE vs. PCOM.DE - Drawdown Comparison
The maximum WTEH.DE drawdown since its inception was -28.22%, roughly equal to the maximum PCOM.DE drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for WTEH.DE and PCOM.DE.
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Drawdown Indicators
| WTEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -27.22% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -8.82% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -15.80% | +5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | — | — |
Current DrawdownCurrent decline from peak | -4.05% | -3.52% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -15.90% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.93% | -1.35% |
Volatility
WTEH.DE vs. PCOM.DE - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) is 5.17%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 6.27%. This indicates that WTEH.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
| WTEH.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 6.27% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 17.17% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 19.43% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 17.76% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 17.76% | -2.37% |
WTEH.DE vs. PCOM.DE - Expense Ratio Comparison
WTEH.DE has a 0.35% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
WTEH.DE vs. PCOM.DE - Dividend Comparison
Neither WTEH.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEH.DE and PCOM.DE have a correlation of 0.84, 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 0.35% for WTEH.DE.
WTEH.DE tracks Optimized Roll Commodity (EUR Hedged), while PCOM.DE tracks Bloomberg Commodity. Their fees differ too: 0.35% for WTEH.DE and 0.19% for PCOM.DE.
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