CMOE.DE vs. IQSA.DE
CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged), while IQSA.DE is a Global Equities fund actively managed by Invesco. CMOE.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, CMOE.DE returned 13.22%/yr vs 22.03%/yr for IQSA.DE. At a 0.09 correlation, their price movements are largely independent. CMOE.DE charges 0.24%/yr vs 0.30%/yr for IQSA.DE.
Performance
CMOE.DE vs. IQSA.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 IQSA.DE's 14.81% return.
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
CMOE.DE vs. IQSA.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% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -4.87% |
Correlation
The correlation between CMOE.DE and IQSA.DE is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.09 |
The correlation between CMOE.DE and IQSA.DE shifts across timeframes, from -0.15 (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. IQSA.DE — Risk / Return Rank
CMOE.DE
IQSA.DE
CMOE.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 4.60 | -0.10 |
| Martin ratioReturn relative to average drawdown | 10.26 | 18.23 | -7.97 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.34 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.94 | -0.57 |
Drawdowns
CMOE.DE vs. IQSA.DE - Drawdown Comparison
The maximum CMOE.DE drawdown since its inception was -29.97%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CMOE.DE and IQSA.DE.
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Drawdown Indicators
| CMOE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -34.11% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -6.20% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -21.35% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -5.48% | -0.33% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -4.38% | -14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 1.57% | +1.81% |
Volatility
CMOE.DE vs. IQSA.DE - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a higher volatility of 5.18% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.32%. This indicates that CMOE.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 3.32% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 8.85% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.28% | 12.17% | +5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 14.71% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 16.74% | -0.12% |
CMOE.DE vs. IQSA.DE - Expense Ratio Comparison
CMOE.DE has a 0.24% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
CMOE.DE vs. IQSA.DE - Dividend Comparison
Neither CMOE.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
CMOE.DE and IQSA.DE have a correlation of -0.15, 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 0.30% for IQSA.DE.
CMOE.DE is categorized as Commodities, while IQSA.DE is Global Equities. Their fees differ too: 0.24% for CMOE.DE and 0.30% for IQSA.DE.
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