ASME.DE vs. CMOE.DE

Last updated Jun 5, 2026

ASME.DE (ASML Holding NV) is a stock, while CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) is Commodities fund tracking the Bloomberg Commodity (EUR Hedged). Over the past 3 years, ASME.DE returned 31.32%/yr vs 13.22%/yr for CMOE.DE. At a 0.07 correlation, their price movements are largely independent.

Performance

ASME.DE vs. CMOE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ASML Holding NV (ASME.DE) and Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASME.DE achieves a 62.75% return, which is significantly higher than CMOE.DE's 21.57% return.

ASME.DE

• 1D: 1.04%
• 1M: 14.87%
• YTD: 62.75%
• 6M: 57.53%
• 1Y: 128.79%
• 3Y*: 31.32%
• 5Y*: 22.91%
• 10Y*: 33.90%

CMOE.DE

• 1D: -1.32%
• 1M: -1.55%
• YTD: 21.57%
• 6M: 21.82%
• 1Y: 33.83%
• 3Y*: 13.22%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASME.DE vs. CMOE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASME.DE ASML Holding NV	62.75%	37.42%	-0.38%	36.52%	-10.06%
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc	21.57%	14.96%	2.92%	-9.62%	-0.48%

Correlation

The correlation between ASME.DE and CMOE.DE is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022	0.07

The correlation between ASME.DE and CMOE.DE shifts across timeframes, from -0.15 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ASME.DE vs. CMOE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASME.DE

ASME.DE Risk / Return Rank: 94
ASME.DE Sharpe Ratio Rank: 95
ASME.DE Sortino Ratio Rank: 93
ASME.DE Omega Ratio Rank: 92
ASME.DE Calmar Ratio Rank: 96
ASME.DE Martin Ratio Rank: 96

CMOE.DE

CMOE.DE Risk / Return Rank: 63
CMOE.DE Sharpe Ratio Rank: 61
CMOE.DE Sortino Ratio Rank: 52
CMOE.DE Omega Ratio Rank: 61
CMOE.DE Calmar Ratio Rank: 84
CMOE.DE Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASME.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV (ASME.DE) and Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.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.

	ASME.DE	CMOE.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.29	2.00	+1.29
Sortino ratio: Return per unit of downside risk	3.69	2.50	+1.19
Omega ratio: Gain probability vs. loss probability	1.48	1.37	+0.11
Calmar ratio: Return relative to maximum drawdown	8.20	4.49	+3.71
Martin ratio: Return relative to average drawdown	21.35	10.26	+11.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASME.DE vs. CMOE.DE - Sharpe Ratio Comparison

The current ASME.DE Sharpe Ratio is 3.29, which is higher than the CMOE.DE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of ASME.DE and CMOE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASME.DE	CMOE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	2.00	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.37	+0.01

Drawdowns

ASME.DE vs. CMOE.DE - Drawdown Comparison

The maximum ASME.DE drawdown since its inception was -88.84%, which is greater than CMOE.DE's maximum drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for ASME.DE and CMOE.DE.

Drawdown Indicators

	ASME.DE	CMOE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-88.84%	-29.97%	-58.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.76%	-7.70%	-8.06%
Max Drawdown (3Y) Largest decline over 3 years	-44.67%	-11.83%	-32.84%
Max Drawdown (5Y) Largest decline over 5 years	-47.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.94%	—	—
Current Drawdown Current decline from peak	0.00%	-5.48%	+5.48%
Average Drawdown Average peak-to-trough decline	-30.86%	-19.33%	-11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	3.38%	+2.69%

Volatility

ASME.DE vs. CMOE.DE - Volatility Comparison

ASML Holding NV (ASME.DE) has a higher volatility of 13.30% compared to Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) at 5.18%. This indicates that ASME.DE's price experiences larger fluctuations and is considered to be riskier than CMOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASME.DE	CMOE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.30%	5.18%	+8.12%
Volatility (6M) Calculated over the trailing 6-month period	29.97%	15.26%	+14.71%
Volatility (1Y) Calculated over the trailing 1-year period	39.25%	17.28%	+21.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.99%	16.62%	+21.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.43%	16.62%	+18.81%

Dividends

ASME.DE vs. CMOE.DE - Dividend Comparison

ASME.DE's dividend yield for the trailing twelve months is around 0.50%, while CMOE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASME.DE ASML Holding NV	0.50%	0.71%	0.92%	0.87%	1.27%	0.47%	0.64%	1.19%	1.02%	0.82%	0.99%	0.84%
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASME.DE and CMOE.DE in my portfolio?

ASME.DE and CMOE.DE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.