XSOE.DE vs. PCOM.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and PCOM.DE (WisdomTree Broad Commodities UCITS ETF) are both exchange-traded funds - XSOE.DE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while PCOM.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 13.46%/yr for PCOM.DE. At a 0.14 correlation, their price movements are largely independent. XSOE.DE charges 0.32%/yr vs 0.19%/yr for PCOM.DE.
Performance
XSOE.DE vs. PCOM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XSOE.DE having a 24.59% return and PCOM.DE slightly higher at 25.30%.
XSOE.DE
- 1D
- -1.43%
- 1M
- 6.23%
- YTD
- 24.59%
- 6M
- 26.89%
- 1Y
- 47.18%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
PCOM.DE
- 1D
- 0.54%
- 1M
- -1.79%
- YTD
- 25.30%
- 6M
- 26.22%
- 1Y
- 37.88%
- 3Y*
- 13.46%
- 5Y*
- —
- 10Y*
- —
XSOE.DE vs. PCOM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 6.05% | -19.00% | -2.64% |
PCOM.DE WisdomTree Broad Commodities UCITS ETF | 25.30% | 5.09% | 10.91% | -10.29% | 19.78% | 3.63% |
Correlation
The correlation between XSOE.DE and PCOM.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.14 |
The correlation between XSOE.DE and PCOM.DE shifts across timeframes, from -0.05 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSOE.DE vs. PCOM.DE — Risk / Return Rank
XSOE.DE
PCOM.DE
XSOE.DE vs. PCOM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.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.
| XSOE.DE | PCOM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 4.17 | +0.16 |
| Martin ratioReturn relative to average drawdown | 15.99 | 9.37 | +6.61 |
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
| XSOE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.89 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.64 | -0.20 |
Drawdowns
XSOE.DE vs. PCOM.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, roughly equal to the maximum PCOM.DE drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and PCOM.DE.
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Drawdown Indicators
| XSOE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -27.22% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.82% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -15.80% | -4.03% |
Current DrawdownCurrent decline from peak | -2.39% | -3.52% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -15.90% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.93% | -0.99% |
Volatility
XSOE.DE vs. PCOM.DE - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a higher volatility of 7.20% compared to WisdomTree Broad Commodities UCITS ETF (PCOM.DE) at 6.27%. This indicates that XSOE.DE's price experiences larger fluctuations and is considered to be riskier 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
| XSOE.DE | PCOM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 6.27% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 17.17% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 19.43% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 17.76% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.76% | -0.49% |
XSOE.DE vs. PCOM.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is higher than PCOM.DE's 0.19% expense ratio.
Dividends
XSOE.DE vs. PCOM.DE - Dividend Comparison
Neither XSOE.DE nor PCOM.DE has paid dividends to shareholders.
Frequently Asked Questions
XSOE.DE and PCOM.DE have a correlation of -0.05, 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 0.32% for XSOE.DE.
XSOE.DE is categorized as Emerging Markets Equities, while PCOM.DE is Commodities. XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while PCOM.DE tracks Bloomberg Commodity. Their fees differ too: 0.32% for XSOE.DE and 0.19% for PCOM.DE.
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