CMOE.DE vs. ENTR.DE
CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) and ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) are both Commodities funds - CMOE.DE tracks the Bloomberg Commodity (EUR Hedged) while ENTR.DE tracks the Solactive Energy Transition Commodity. Both are passively managed. Over the past year, CMOE.DE returned 26.77% vs 31.54% for ENTR.DE. At a 0.46 correlation, their price movements are largely independent. CMOE.DE charges 0.24%/yr vs 0.65%/yr for ENTR.DE.
Performance
CMOE.DE vs. ENTR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CMOE.DE achieves a 16.75% return, which is significantly higher than ENTR.DE's 9.17% return.
CMOE.DE
- 1D
- 0.00%
- 1M
- 1.86%
- 6M
- 15.21%
- YTD
- 16.75%
- 1Y
- 26.77%
- 3Y*
- 10.25%
- 5Y*
- —
- 10Y*
- —
ENTR.DE
- 1D
- 0.00%
- 1M
- -0.52%
- 6M
- 3.92%
- YTD
- 9.17%
- 1Y
- 31.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMOE.DE vs. ENTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 16.75% | 9.69% |
ENTR.DE L&G New Energy Commodities UCITS ETF USD Accumulating | 9.17% | 11.51% |
Correlation
The correlation between CMOE.DE and ENTR.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2025 | 0.46 |
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Return for Risk
CMOE.DE vs. ENTR.DE — Risk / Return Rank
CMOE.DE
ENTR.DE
CMOE.DE vs. ENTR.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 L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.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.
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.
| CMOE.DE | ENTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.26 | -1.42 |
| Martin ratioReturn relative to average drawdown | 5.77 | 9.04 | -3.27 |
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Drawdowns
CMOE.DE vs. ENTR.DE - Drawdown Comparison
The maximum CMOE.DE drawdown since its inception was -29.97%, which is greater than ENTR.DE's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for CMOE.DE and ENTR.DE.
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Drawdown Indicators
| CMOE.DE | ENTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -13.89% | -16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -9.72% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | — | — |
Current DrawdownCurrent decline from peak | -9.24% | -5.71% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -19.12% | -4.97% | -14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 3.50% | +1.15% |
Volatility
CMOE.DE vs. ENTR.DE - Volatility Comparison
The current volatility for Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) is 4.71%, while L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) has a volatility of 5.29%. This indicates that CMOE.DE experiences smaller price fluctuations and is considered to be less risky than ENTR.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 | ENTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.29% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 12.81% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 17.37% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 16.39% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.39% | +0.37% |
CMOE.DE vs. ENTR.DE - Expense Ratio Comparison
CMOE.DE has a 0.24% expense ratio, which is lower than ENTR.DE's 0.65% expense ratio.
Dividends
CMOE.DE vs. ENTR.DE - Dividend Comparison
Neither CMOE.DE nor ENTR.DE has paid dividends to shareholders.
Frequently Asked Questions
CMOE.DE and ENTR.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMOE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOE.DE is cheaper with a 0.24% expense ratio, compared with 0.65% for ENTR.DE.
CMOE.DE tracks Bloomberg Commodity (EUR Hedged), while ENTR.DE tracks Solactive Energy Transition Commodity. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.24% for CMOE.DE and 0.65% for ENTR.DE.
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