CMOP.L vs. SDIA.L
CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - CMOP.L is a Commodities fund tracking the Bloomberg Commodity, while SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, CMOP.L returned 12.08%/yr vs 3.51%/yr for SDIA.L. At a 0.24 correlation, their price movements are largely independent. CMOP.L charges 0.19%/yr vs 0.20%/yr for SDIA.L.
Performance
CMOP.L vs. SDIA.L - Performance Comparison
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Different Trading Currencies
CMOP.L is traded in GBp, while SDIA.L is traded in USD. To make them comparable, the SDIA.L 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 24.84% return, which is significantly higher than SDIA.L's 1.20% return.
CMOP.L
- 1D
- -1.31%
- 1M
- -2.74%
- YTD
- 24.84%
- 6M
- 23.47%
- 1Y
- 38.91%
- 3Y*
- 12.42%
- 5Y*
- 12.08%
- 10Y*
- —
SDIA.L
- 1D
- 0.11%
- 1M
- 1.31%
- YTD
- 1.20%
- 6M
- 0.54%
- 1Y
- 5.28%
- 3Y*
- 2.63%
- 5Y*
- 3.51%
- 10Y*
- —
CMOP.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 24.84% | 8.23% | 6.01% | -12.72% | 28.44% | 28.71% | -7.11% | 3.31% | -5.01% | 2.77% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 1.20% | -1.40% | 6.83% | 0.36% | 6.87% | 0.24% | 1.43% | 2.08% | 6.80% | -3.36% |
Correlation
The correlation between CMOP.L and SDIA.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.24 |
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Return for Risk
CMOP.L vs. SDIA.L — Risk / Return Rank
CMOP.L
SDIA.L
CMOP.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L). 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.
| CMOP.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.15 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 1.07 | +4.01 |
| Martin ratioReturn relative to average drawdown | 11.63 | 3.05 | +8.58 |
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
| CMOP.L | SDIA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.82 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.43 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.27 | +0.16 |
Drawdowns
CMOP.L vs. SDIA.L - Drawdown Comparison
The maximum CMOP.L drawdown since its inception was -28.78%, which is greater than SDIA.L's maximum drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for CMOP.L and SDIA.L.
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Drawdown Indicators
| CMOP.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -15.38% | -13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -4.94% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -8.72% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -15.38% | -13.40% |
Current DrawdownCurrent decline from peak | -4.98% | -3.93% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -12.18% | -6.25% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.73% | +1.61% |
Volatility
CMOP.L vs. SDIA.L - Volatility Comparison
Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) has a higher volatility of 6.19% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 1.79%. This indicates that CMOP.L's price experiences larger fluctuations and is considered to be riskier than SDIA.L 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 | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 1.79% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 5.02% | +11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 6.45% | +11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 8.14% | +8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 8.42% | +6.73% |
CMOP.L vs. SDIA.L - Expense Ratio Comparison
CMOP.L has a 0.19% expense ratio, which is lower than SDIA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CMOP.L vs. SDIA.L - Dividend Comparison
Neither CMOP.L nor SDIA.L has paid dividends to shareholders.
Frequently Asked Questions
CMOP.L and SDIA.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMOP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOP.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SDIA.L.
CMOP.L is categorized as Commodities, while SDIA.L is Corporate Bonds. CMOP.L tracks Bloomberg Commodity, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for CMOP.L and 0.20% for SDIA.L.
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