BCOG.L vs. CMOP.L
Compare and contrast key facts about L&G All Commodities UCITS ETF (BCOG.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L).
BCOG.L and CMOP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCOG.L is a passively managed fund by Legal & General that tracks the performance of the Bloomberg Commodity. It was launched on Jul 6, 2017. CMOP.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg Commodity. It was launched on Jan 9, 2017. Both BCOG.L and CMOP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BCOG.L vs. CMOP.L - Performance Comparison
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BCOG.L vs. CMOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOG.L L&G All Commodities UCITS ETF | 27.04% | 8.16% | 6.13% | -12.32% | 29.36% | 29.04% | -6.24% | 1.82% | -4.64% | 1.28% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 26.85% | 8.23% | 6.01% | -12.72% | 28.44% | 28.71% | -7.11% | 3.31% | -5.01% | 1.19% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BCOG.L having a 27.04% return and CMOP.L slightly lower at 26.85%.
BCOG.L
- 1D
- 0.56%
- 1M
- 14.55%
- YTD
- 27.04%
- 6M
- 34.77%
- 1Y
- 29.94%
- 3Y*
- 11.55%
- 5Y*
- 15.07%
- 10Y*
- —
CMOP.L
- 1D
- 0.60%
- 1M
- 14.55%
- YTD
- 26.85%
- 6M
- 34.81%
- 1Y
- 29.97%
- 3Y*
- 11.36%
- 5Y*
- 14.69%
- 10Y*
- —
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BCOG.L vs. CMOP.L - Expense Ratio Comparison
BCOG.L has a 0.15% 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%.
Return for Risk
BCOG.L vs. CMOP.L — Risk / Return Rank
BCOG.L
CMOP.L
BCOG.L vs. CMOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF (BCOG.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.
| BCOG.L | CMOP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 1.82 | -0.02 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.41 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.15 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.97 | 6.12 | -0.15 |
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
| BCOG.L | CMOP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.82 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.91 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.46 | +0.07 |
Correlation
The correlation between BCOG.L and CMOP.L is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BCOG.L vs. CMOP.L - Dividend Comparison
Neither BCOG.L nor CMOP.L has paid dividends to shareholders.
Drawdowns
BCOG.L vs. CMOP.L - Drawdown Comparison
The maximum BCOG.L drawdown since its inception was -28.15%, roughly equal to the maximum CMOP.L drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for BCOG.L and CMOP.L.
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Drawdown Indicators
| BCOG.L | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -28.78% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.61% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -28.78% | +1.02% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.84% | -12.35% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 4.84% | +0.14% |
Volatility
BCOG.L vs. CMOP.L - Volatility Comparison
L&G All Commodities UCITS ETF (BCOG.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) have volatilities of 7.66% and 7.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOG.L | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 7.99% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.98% | 13.14% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 16.39% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 16.08% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 14.87% | +0.58% |