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