COMM.L vs. CMOP.L
Compare and contrast key facts about iShares Diversified Commodity Swap UCITS ETF (COMM.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L).
COMM.L and CMOP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity. It was launched on Jul 18, 2017. CMOP.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg Commodity. It was launched on Jan 9, 2017. Both COMM.L and CMOP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
COMM.L vs. CMOP.L - Performance Comparison
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COMM.L vs. CMOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMM.L iShares Diversified Commodity Swap UCITS ETF | 26.83% | 8.53% | 6.19% | -12.55% | 28.34% | 29.04% | -7.09% | 2.79% | -4.51% | 0.62% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 26.85% | 8.23% | 6.01% | -12.72% | 28.44% | 28.71% | -7.11% | 3.31% | -5.01% | 0.55% |
Returns By Period
The year-to-date returns for both investments are quite close, with COMM.L having a 26.83% return and CMOP.L slightly higher at 26.85%.
COMM.L
- 1D
- 0.60%
- 1M
- 14.54%
- YTD
- 26.83%
- 6M
- 34.92%
- 1Y
- 30.28%
- 3Y*
- 11.56%
- 5Y*
- 14.87%
- 10Y*
- —
CMOP.L
- 1D
- 0.60%
- 1M
- 14.55%
- YTD
- 26.85%
- 6M
- 34.81%
- 1Y
- 29.97%
- 3Y*
- 11.36%
- 5Y*
- 14.69%
- 10Y*
- —
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COMM.L vs. CMOP.L - Expense Ratio Comparison
Both COMM.L and CMOP.L have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
COMM.L vs. CMOP.L — Risk / Return Rank
COMM.L
CMOP.L
COMM.L vs. CMOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.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.
| COMM.L | CMOP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.82 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.41 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.15 | +0.03 |
Martin ratioReturn relative to average drawdown | 6.20 | 6.12 | +0.08 |
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
| COMM.L | CMOP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.82 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.91 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.46 | +0.09 |
Correlation
The correlation between COMM.L and CMOP.L is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COMM.L vs. CMOP.L - Dividend Comparison
Neither COMM.L nor CMOP.L has paid dividends to shareholders.
Drawdowns
COMM.L vs. CMOP.L - Drawdown Comparison
The maximum COMM.L drawdown since its inception was -28.49%, roughly equal to the maximum CMOP.L drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for COMM.L and CMOP.L.
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Drawdown Indicators
| COMM.L | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -28.78% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -9.61% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.49% | -28.78% | +0.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -12.35% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.82% | 4.84% | -0.02% |
Volatility
COMM.L vs. CMOP.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a higher volatility of 8.39% compared to Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) at 7.99%. This indicates that COMM.L's price experiences larger fluctuations and is considered to be riskier than CMOP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMM.L | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 7.99% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 13.14% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 16.39% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 16.08% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 14.87% | +0.22% |