WTES.DE vs. PCOM.DE
WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both exchange-traded funds - WTES.DE is a Dividend fund tracking the WisdomTree Europe SmallCap Dividend UCITS Index Euro, while PCOM.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, WTES.DE returned 12.58%/yr vs 11.93%/yr for PCOM.DE. At a 0.07 correlation, their price movements are largely independent. WTES.DE charges 0.38%/yr vs 0.19%/yr for PCOM.DE.
Performance
WTES.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly lower than PCOM.DE's 21.06% return.
WTES.DE
- 1D
- -0.21%
- 1M
- 0.02%
- 6M
- 5.26%
- YTD
- 7.78%
- 1Y
- 11.03%
- 3Y*
- 12.58%
- 5Y*
- 5.87%
- 10Y*
- 7.78%
PCOM.DE
- 1D
- 0.00%
- 1M
- 3.08%
- 6M
- 17.60%
- YTD
- 21.06%
- 1Y
- 32.49%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
WTES.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.78% | 17.37% | 5.33% | 10.89% | -15.66% | 6.86% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 21.06% | 5.09% | 10.91% | -10.29% | 19.78% | -10.00% |
Correlation
The correlation between WTES.DE and PCOM.DE is -0.13, 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 (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021 | 0.07 |
The correlation between WTES.DE and PCOM.DE shifts across timeframes, from -0.13 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTES.DE vs. PCOM.DE — Risk / Return Rank
WTES.DE
PCOM.DE
WTES.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTES.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.14 | -0.70 |
| Martin ratioReturn relative to average drawdown | 4.54 | 4.58 | -0.04 |
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Drawdowns
WTES.DE vs. PCOM.DE - Drawdown Comparison
The maximum WTES.DE drawdown since its inception was -44.21%, 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 WTES.DE and PCOM.DE.
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Drawdown Indicators
| WTES.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -27.22% | -16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -15.18% | +6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -15.80% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -6.79% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -15.89% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 7.09% | -4.43% |
Volatility
WTES.DE vs. PCOM.DE - Volatility Comparison
The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) is 2.81%, while WisdomTree Broad Commodities UCITS ETF (PCOM.DE) has a volatility of 4.39%. This indicates that WTES.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
| WTES.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 4.39% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 17.51% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 28.71% | -16.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 21.02% | -5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 21.02% | -4.88% |
WTES.DE vs. PCOM.DE - Expense Ratio Comparison
WTES.DE has a 0.38% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
WTES.DE vs. PCOM.DE - Dividend Comparison
WTES.DE's dividend yield for the trailing twelve months is around 3.82%, while PCOM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.82% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
WTES.DE and PCOM.DE have a correlation of -0.13, 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 0.38% for WTES.DE.
WTES.DE is categorized as Dividend, while PCOM.DE is Commodities. WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while PCOM.DE tracks Bloomberg Commodity. Their fees differ too: 0.38% for WTES.DE and 0.19% for PCOM.DE.
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