CMOP.L vs. MSTR
CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) is Commodities fund tracking the Bloomberg Commodity, while MSTR (Strategy Inc) is a stock. Over the past 5 years, CMOP.L returned 10.87%/yr vs 20.37%/yr for MSTR. At a 0.04 correlation, their price movements are largely independent.
Performance
CMOP.L vs. MSTR - Performance Comparison
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Different Trading Currencies
CMOP.L is traded in GBp, while MSTR is traded in USD. To make them comparable, the MSTR values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMOP.L achieves a 19.51% return, which is significantly higher than MSTR's -18.00% return.
CMOP.L
- 1D
- -1.53%
- 1M
- -7.51%
- YTD
- 19.51%
- 6M
- 20.29%
- 1Y
- 29.45%
- 3Y*
- 11.03%
- 5Y*
- 10.87%
- 10Y*
- —
MSTR
- 1D
- 3.27%
- 1M
- -33.71%
- YTD
- -18.00%
- 6M
- -29.92%
- 1Y
- -67.22%
- 3Y*
- 60.17%
- 5Y*
- 20.37%
- 10Y*
- 21.54%
CMOP.L vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 19.51% | 8.23% | 6.01% | -12.72% | 28.44% | 28.71% | -7.11% | 1.37% | -3.26% | -24.46% |
MSTR Strategy Inc | -18.00% | -51.27% | 366.55% | 323.85% | -70.91% | 41.46% | 164.42% | 7.40% | 3.07% | -40.08% |
Correlation
The correlation between CMOP.L and MSTR is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2017 | 0.04 |
The correlation between CMOP.L and MSTR shifts across timeframes, from -0.07 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMOP.L vs. MSTR — Risk / Return Rank
CMOP.L
MSTR
CMOP.L vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) and Strategy Inc (MSTR). 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.
| CMOP.L | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.82 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.87 | +4.33 |
| Martin ratioReturn relative to average drawdown | 8.86 | -1.26 | +10.12 |
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Drawdowns
CMOP.L vs. MSTR - Drawdown Comparison
The maximum CMOP.L drawdown since its inception was -44.21%, smaller than the maximum MSTR drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for CMOP.L and MSTR.
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Drawdown Indicators
| CMOP.L | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -87.70% | +43.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -76.73% | +67.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.87% | -78.88% | +52.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -82.13% | +53.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.70% | — |
Current DrawdownCurrent decline from peak | -9.03% | -75.31% | +66.28% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -32.97% | +11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 53.01% | -49.48% |
Volatility
CMOP.L vs. MSTR - Volatility Comparison
The current volatility for Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) is 4.89%, while Strategy Inc (MSTR) has a volatility of 21.72%. This indicates that CMOP.L experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMOP.L | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 21.72% | -16.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 56.24% | -39.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 70.12% | -51.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 89.25% | -67.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 72.86% | -53.84% |
Dividends
CMOP.L vs. MSTR - Dividend Comparison
Neither CMOP.L nor MSTR has paid dividends to shareholders.
Frequently Asked Questions
CMOP.L and MSTR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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