CMOE.DE vs. XSVT.DE
CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) and XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) are both Commodities funds - CMOE.DE tracks the Bloomberg Commodity (EUR Hedged) while XSVT.DE tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. Both are passively managed. Over the past 3 years, CMOE.DE returned 13.22%/yr vs 16.36%/yr for XSVT.DE. Their correlation of 0.82 suggests significant overlap in exposure. CMOE.DE charges 0.24%/yr vs 0.29%/yr for XSVT.DE.
Performance
CMOE.DE vs. XSVT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CMOE.DE having a 21.57% return and XSVT.DE slightly higher at 21.63%.
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
XSVT.DE
- 1D
- -0.53%
- 1M
- 3.03%
- YTD
- 21.63%
- 6M
- 24.91%
- 1Y
- 42.37%
- 3Y*
- 16.36%
- 5Y*
- —
- 10Y*
- —
CMOE.DE vs. XSVT.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% |
XSVT.DE Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 21.63% | 14.36% | 15.10% | -12.67% | 14.15% |
Correlation
The correlation between CMOE.DE and XSVT.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.82 |
The correlation between CMOE.DE and XSVT.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
CMOE.DE vs. XSVT.DE — Risk / Return Rank
CMOE.DE
XSVT.DE
CMOE.DE vs. XSVT.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 4.58 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.26 | 10.89 | -0.63 |
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 | XSVT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.31 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.61 | -0.24 |
Drawdowns
CMOE.DE vs. XSVT.DE - Drawdown Comparison
The maximum CMOE.DE drawdown since its inception was -29.97%, which is greater than XSVT.DE's maximum drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for CMOE.DE and XSVT.DE.
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Drawdown Indicators
| CMOE.DE | XSVT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -27.57% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -9.35% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -15.97% | +4.14% |
Current DrawdownCurrent decline from peak | -5.48% | -1.81% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -14.41% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.95% | -0.57% |
Volatility
CMOE.DE vs. XSVT.DE - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a higher volatility of 5.18% compared to Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) at 4.33%. This indicates that CMOE.DE's price experiences larger fluctuations and is considered to be riskier than XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 4.33% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 15.57% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.28% | 18.53% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 18.83% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 18.83% | -2.21% |
CMOE.DE vs. XSVT.DE - Expense Ratio Comparison
CMOE.DE has a 0.24% expense ratio, which is lower than XSVT.DE's 0.29% expense ratio.
Dividends
CMOE.DE vs. XSVT.DE - Dividend Comparison
Neither CMOE.DE nor XSVT.DE has paid dividends to shareholders.
Frequently Asked Questions
CMOE.DE and XSVT.DE have a correlation of 0.83, 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 0.29% for XSVT.DE.
CMOE.DE tracks Bloomberg Commodity (EUR Hedged), while XSVT.DE tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.24% for CMOE.DE and 0.29% for XSVT.DE.
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