CMOD.L vs. IGDA.L
Compare and contrast key facts about Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L).
CMOD.L and IGDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMOD.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg Commodity TR Index. It was launched on Aug 17, 2018. IGDA.L is a passively managed fund by Invesco that tracks the performance of the Dow Jones Islamic Market Developed Markets Index. It was launched on Jan 7, 2022. Both CMOD.L and IGDA.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
CMOD.L vs. IGDA.L - Performance Comparison
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CMOD.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 22.87% | 16.16% | 4.13% | -7.56% | 5.75% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | -3.18% | 18.74% | 17.94% | 29.72% | -14.30% |
Returns By Period
In the year-to-date period, CMOD.L achieves a 22.87% return, which is significantly higher than IGDA.L's -3.18% return.
CMOD.L
- 1D
- -1.22%
- 1M
- 8.91%
- YTD
- 22.87%
- 6M
- 30.50%
- 1Y
- 30.49%
- 3Y*
- 13.29%
- 5Y*
- 13.32%
- 10Y*
- —
IGDA.L
- 1D
- 2.88%
- 1M
- -4.81%
- YTD
- -3.18%
- 6M
- 1.04%
- 1Y
- 22.45%
- 3Y*
- 16.86%
- 5Y*
- —
- 10Y*
- —
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CMOD.L vs. IGDA.L - Expense Ratio Comparison
CMOD.L has a 0.19% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Return for Risk
CMOD.L vs. IGDA.L — Risk / Return Rank
CMOD.L
IGDA.L
CMOD.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| CMOD.L | IGDA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.31 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.87 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.29 | +1.89 |
Martin ratioReturn relative to average drawdown | 9.82 | 9.52 | +0.29 |
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
| CMOD.L | IGDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.31 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.61 | -0.14 |
Correlation
The correlation between CMOD.L and IGDA.L is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CMOD.L vs. IGDA.L - Dividend Comparison
Neither CMOD.L nor IGDA.L has paid dividends to shareholders.
Drawdowns
CMOD.L vs. IGDA.L - Drawdown Comparison
The maximum CMOD.L drawdown since its inception was -33.16%, which is greater than IGDA.L's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for CMOD.L and IGDA.L.
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Drawdown Indicators
| CMOD.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.16% | -24.18% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -11.73% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -6.36% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -5.37% | -7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.33% | +0.77% |
Volatility
CMOD.L vs. IGDA.L - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (CMOD.L) has a higher volatility of 7.20% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 5.72%. This indicates that CMOD.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L 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 | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 5.72% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 10.08% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 17.17% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 18.69% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 18.69% | -4.16% |