AGGH vs. CMOD.L
AGGH (Simplify Aggregate Bond ETF) and CMOD.L (Invesco Bloomberg Commodity UCITS ETF) are both exchange-traded funds - AGGH is a Intermediate Core Bond fund actively managed by Simplify, while CMOD.L is a Commodities fund tracking the Bloomberg Commodity TR Index. AGGH is actively managed, while CMOD.L is passively managed. Over the past 3 years, AGGH returned 4.99%/yr vs 13.33%/yr for CMOD.L. At a correlation of -0.04, they often move in opposite directions. AGGH charges 0.33%/yr vs 0.19%/yr for CMOD.L.
Performance
AGGH vs. CMOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGGH achieves a 0.70% return, which is significantly lower than CMOD.L's 19.22% return.
AGGH
- 1D
- -0.17%
- 1M
- 0.23%
- YTD
- 0.70%
- 6M
- 1.19%
- 1Y
- 8.76%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
CMOD.L
- 1D
- -1.06%
- 1M
- -8.02%
- YTD
- 19.22%
- 6M
- 20.80%
- 1Y
- 27.62%
- 3Y*
- 13.33%
- 5Y*
- 9.74%
- 10Y*
- —
AGGH vs. CMOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGGH Simplify Aggregate Bond ETF | 0.70% | 8.23% | 1.97% | 8.47% | -8.77% |
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 19.22% | 16.16% | 4.12% | -7.56% | 2.96% |
Correlation
The correlation between AGGH and CMOD.L 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | -0.04 |
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Return for Risk
AGGH vs. CMOD.L — Risk / Return Rank
AGGH
CMOD.L
AGGH vs. CMOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and Invesco Bloomberg Commodity UCITS ETF (CMOD.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.
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.
| AGGH | CMOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.07 | -0.51 |
| Martin ratioReturn relative to average drawdown | 7.30 | 8.68 | -1.38 |
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Drawdowns
AGGH vs. CMOD.L - Drawdown Comparison
The maximum AGGH drawdown since its inception was -13.26%, smaller than the maximum CMOD.L drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for AGGH and CMOD.L.
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Drawdown Indicators
| AGGH | CMOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.26% | -33.16% | +19.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -9.59% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.67% | -11.65% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.86% | — |
Current DrawdownCurrent decline from peak | -1.36% | -9.59% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -12.24% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 3.40% | -2.31% |
Volatility
AGGH vs. CMOD.L - Volatility Comparison
The current volatility for Simplify Aggregate Bond ETF (AGGH) is 1.67%, while Invesco Bloomberg Commodity UCITS ETF (CMOD.L) has a volatility of 4.36%. This indicates that AGGH experiences smaller price fluctuations and is considered to be less risky than CMOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGH | CMOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 4.36% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 15.04% | -11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.93% | 16.99% | -10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 16.61% | -8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 14.68% | -6.24% |
AGGH vs. CMOD.L - Expense Ratio Comparison
AGGH has a 0.33% expense ratio, which is higher than CMOD.L's 0.19% expense ratio.
Dividends
AGGH vs. CMOD.L - Dividend Comparison
AGGH's dividend yield for the trailing twelve months is around 7.51%, while CMOD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGGH Simplify Aggregate Bond ETF | 7.51% | 7.54% | 8.97% | 9.51% | 2.11% |
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGGH and CMOD.L 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, CMOD.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOD.L is cheaper with a 0.19% expense ratio, compared with 0.33% for AGGH.
AGGH is categorized as Intermediate Core Bond, while CMOD.L is Commodities. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.33% for AGGH and 0.19% for CMOD.L.
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