CMOE.DE vs. SXRP.DE
CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) and SXRP.DE (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) are both exchange-traded funds - CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged), while SXRP.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 3-7. Both are passively managed. Over the past 3 years, CMOE.DE returned 13.22%/yr vs 2.82%/yr for SXRP.DE. At a correlation of -0.09, they often move in opposite directions. CMOE.DE charges 0.24%/yr vs 0.15%/yr for SXRP.DE.
Performance
CMOE.DE vs. SXRP.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 SXRP.DE's -0.09% return.
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
SXRP.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- -0.09%
- 6M
- -0.01%
- 1Y
- 0.74%
- 3Y*
- 2.82%
- 5Y*
- -0.69%
- 10Y*
- 0.07%
CMOE.DE vs. SXRP.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% |
SXRP.DE iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -0.09% | 2.47% | 2.09% | 5.92% | -10.18% |
Correlation
The correlation between CMOE.DE and SXRP.DE is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | -0.09 |
Over the past year, the inverse relationship between CMOE.DE and SXRP.DE has strengthened: their correlation has moved from -0.09 to -0.29, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CMOE.DE vs. SXRP.DE — Risk / Return Rank
CMOE.DE
SXRP.DE
CMOE.DE vs. SXRP.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 iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.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 | SXRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 0.14 | +4.35 |
| Martin ratioReturn relative to average drawdown | 10.26 | 0.41 | +9.85 |
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 | SXRP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.13 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.48 | -0.11 |
Drawdowns
CMOE.DE vs. SXRP.DE - Drawdown Comparison
The maximum CMOE.DE drawdown since its inception was -29.97%, which is greater than SXRP.DE's maximum drawdown of -14.50%. Use the drawdown chart below to compare losses from any high point for CMOE.DE and SXRP.DE.
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Drawdown Indicators
| CMOE.DE | SXRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -14.50% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -2.84% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -2.84% | -8.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.50% | — |
Current DrawdownCurrent decline from peak | -5.48% | -4.47% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -2.87% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 1.00% | +2.38% |
Volatility
CMOE.DE vs. SXRP.DE - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a higher volatility of 5.18% compared to iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.DE) at 1.31%. This indicates that CMOE.DE's price experiences larger fluctuations and is considered to be riskier than SXRP.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 | SXRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 1.31% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 2.72% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.28% | 3.09% | +14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 4.35% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 3.55% | +13.07% |
CMOE.DE vs. SXRP.DE - Expense Ratio Comparison
CMOE.DE has a 0.24% expense ratio, which is higher than SXRP.DE's 0.15% 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. SXRP.DE - Dividend Comparison
Neither CMOE.DE nor SXRP.DE has paid dividends to shareholders.
Frequently Asked Questions
CMOE.DE and SXRP.DE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRP.DE is cheaper with a 0.15% expense ratio, compared with 0.24% for CMOE.DE.
CMOE.DE is categorized as Commodities, while SXRP.DE is European Government Bonds. CMOE.DE tracks Bloomberg Commodity (EUR Hedged), while SXRP.DE tracks Bloomberg Euro Government Bond 3-7. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.24% for CMOE.DE and 0.15% for SXRP.DE.
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