CMOE.DE vs. 6PSE.DE
CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged), while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, CMOE.DE returned 13.22%/yr vs 19.18%/yr for 6PSE.DE. At a 0.09 correlation, their price movements are largely independent. CMOE.DE charges 0.24%/yr vs 0.05%/yr for 6PSE.DE.
Performance
CMOE.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CMOE.DE achieves a 21.57% return, which is significantly higher than 6PSE.DE's 11.33% return.
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
CMOE.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between CMOE.DE and 6PSE.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.09 |
The correlation between CMOE.DE and 6PSE.DE shifts across timeframes, from -0.11 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMOE.DE vs. 6PSE.DE — Risk / Return Rank
CMOE.DE
6PSE.DE
CMOE.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| CMOE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 3.44 | +1.06 |
| Martin ratioReturn relative to average drawdown | 10.26 | 11.99 | -1.73 |
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
| CMOE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.15 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.93 | -0.56 |
Drawdowns
CMOE.DE vs. 6PSE.DE - Drawdown Comparison
The maximum CMOE.DE drawdown since its inception was -29.97%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for CMOE.DE and 6PSE.DE.
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Drawdown Indicators
| CMOE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -23.70% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.31% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -23.70% | +11.87% |
Current DrawdownCurrent decline from peak | -5.48% | -0.41% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -4.83% | -14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.10% | +1.28% |
Volatility
CMOE.DE vs. 6PSE.DE - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a higher volatility of 5.18% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that CMOE.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMOE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 2.73% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 7.68% | +7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.28% | 11.65% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 15.41% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 15.41% | +1.21% |
CMOE.DE vs. 6PSE.DE - Expense Ratio Comparison
CMOE.DE has a 0.24% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CMOE.DE vs. 6PSE.DE - Dividend Comparison
CMOE.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMOE.DE and 6PSE.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.24% for CMOE.DE.
CMOE.DE is categorized as Commodities, while 6PSE.DE is Large Cap Blend Equities. CMOE.DE tracks Bloomberg Commodity (EUR Hedged), while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.24% for CMOE.DE and 0.05% for 6PSE.DE.
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