CMOD.L vs. WCOB.L
Compare and contrast key facts about Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L).
CMOD.L and WCOB.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. WCOB.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Commodity. It was launched on Apr 27, 2016. Both CMOD.L and WCOB.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. WCOB.L - Performance Comparison
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CMOD.L vs. WCOB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 22.87% | 16.16% | 4.13% | -7.56% | 14.50% | 27.35% | -3.87% | 6.64% | -10.22% | 4.90% |
WCOB.L WisdomTree Enhanced Commodity UCITS ETF USD Acc | 25.73% | 15.86% | 2.76% | -7.43% | 12.73% | 27.42% | 1.20% | 7.40% | -8.85% | 6.33% |
Different Trading Currencies
CMOD.L is traded in USD, while WCOB.L is traded in GBp. To make them comparable, the WCOB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMOD.L achieves a 22.87% return, which is significantly lower than WCOB.L's 25.73% 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*
- —
WCOB.L
- 1D
- -1.59%
- 1M
- 8.66%
- YTD
- 25.73%
- 6M
- 31.45%
- 1Y
- 35.05%
- 3Y*
- 13.11%
- 5Y*
- 13.35%
- 10Y*
- —
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CMOD.L vs. WCOB.L - Expense Ratio Comparison
CMOD.L has a 0.19% expense ratio, which is lower than WCOB.L's 0.35% expense ratio.
Return for Risk
CMOD.L vs. WCOB.L — Risk / Return Rank
CMOD.L
WCOB.L
CMOD.L vs. WCOB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.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 | WCOB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 2.18 | -0.31 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.91 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 5.51 | -1.34 |
Martin ratioReturn relative to average drawdown | 9.82 | 13.10 | -3.29 |
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 | WCOB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.18 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.87 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.73 | -0.26 |
Correlation
The correlation between CMOD.L and WCOB.L is 0.71, 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
CMOD.L vs. WCOB.L - Dividend Comparison
Neither CMOD.L nor WCOB.L has paid dividends to shareholders.
Drawdowns
CMOD.L vs. WCOB.L - Drawdown Comparison
The maximum CMOD.L drawdown since its inception was -33.16%, which is greater than WCOB.L's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for CMOD.L and WCOB.L.
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Drawdown Indicators
| CMOD.L | WCOB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.16% | -27.14% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.12% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -27.14% | +0.28% |
Current DrawdownCurrent decline from peak | -1.22% | -2.23% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -11.94% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.77% | +0.33% |
Volatility
CMOD.L vs. WCOB.L - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) have volatilities of 7.20% and 6.98%, 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
| CMOD.L | WCOB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 6.98% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 12.58% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 15.97% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 15.40% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 16.02% | -1.49% |