AGGG.L vs. CMOP.L
AGGG.L (iShares Global Aggregate Bond UCITS Dist) and CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) are both exchange-traded funds - AGGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while CMOP.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, AGGG.L returned -1.84%/yr vs 10.45%/yr for CMOP.L. At a 0.00 correlation, their price movements are largely independent. AGGG.L charges 0.10%/yr vs 0.19%/yr for CMOP.L.
Performance
AGGG.L vs. CMOP.L - Performance Comparison
Loading charts...
Different Trading Currencies
AGGG.L is traded in USD, while CMOP.L is traded in GBp. To make them comparable, the CMOP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGGG.L achieves a -0.86% return, which is significantly lower than CMOP.L's 21.98% return.
AGGG.L
- 1D
- -0.68%
- 1M
- -1.35%
- YTD
- -0.86%
- 6M
- 0.03%
- 1Y
- 1.79%
- 3Y*
- 3.21%
- 5Y*
- -1.84%
- 10Y*
- —
CMOP.L
- 1D
- -2.06%
- 1M
- -3.31%
- YTD
- 21.98%
- 6M
- 20.25%
- 1Y
- 33.91%
- 3Y*
- 14.54%
- 5Y*
- 10.45%
- 10Y*
- —
AGGG.L vs. CMOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | -0.86% | 7.96% | -1.41% | 5.38% | -15.91% | -5.43% | 9.42% | 6.84% | -1.44% | 1.00% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 21.98% | 16.40% | 4.25% | -8.12% | 14.71% | 27.55% | -4.27% | 5.44% | -8.74% | 1.47% |
Correlation
The correlation between AGGG.L and CMOP.L is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2017 | 0.00 |
The correlation between AGGG.L and CMOP.L shifts across timeframes, from -0.27 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGGG.L vs. CMOP.L — Risk / Return Rank
AGGG.L
CMOP.L
AGGG.L vs. CMOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aggregate Bond UCITS Dist (AGGG.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L). 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.
| AGGG.L | CMOP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 4.52 | -4.02 |
| Martin ratioReturn relative to average drawdown | 1.34 | 10.33 | -8.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AGGG.L | CMOP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.91 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.48 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.24 | -0.19 |
Drawdowns
AGGG.L vs. CMOP.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -26.00%, smaller than the maximum CMOP.L drawdown of -44.75%. Use the drawdown chart below to compare losses from any high point for AGGG.L and CMOP.L.
Loading charts...
Drawdown Indicators
| AGGG.L | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -44.75% | +18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -7.47% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -23.45% | +16.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -26.47% | +2.11% |
Current DrawdownCurrent decline from peak | -11.57% | -7.44% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -19.70% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 3.28% | -1.95% |
Volatility
AGGG.L vs. CMOP.L - Volatility Comparison
The current volatility for iShares Global Aggregate Bond UCITS Dist (AGGG.L) is 1.84%, while Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) has a volatility of 6.23%. This indicates that AGGG.L experiences smaller price fluctuations and is considered to be less risky than CMOP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGGG.L | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 6.23% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 15.96% | -11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 17.69% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 21.60% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 19.29% | -12.87% |
AGGG.L vs. CMOP.L - Expense Ratio Comparison
AGGG.L has a 0.10% expense ratio, which is lower than CMOP.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AGGG.L vs. CMOP.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 3.17%, while CMOP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.17% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGGG.L and CMOP.L have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.19% for CMOP.L.
AGGG.L is categorized as Global Bonds, while CMOP.L is Commodities. AGGG.L tracks Bloomberg Global Aggregate TR USD, while CMOP.L tracks Bloomberg Commodity. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for AGGG.L and 0.19% for CMOP.L.
Find the right allocation for AGGG.L and CMOP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer