EQQX.DE vs. CMOE.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, EQQX.DE returned 25.43%/yr vs 13.22%/yr for CMOE.DE. At a 0.06 correlation, their price movements are largely independent. EQQX.DE charges 0.20%/yr vs 0.24%/yr for CMOE.DE.
Performance
EQQX.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EQQX.DE having a 21.61% return and CMOE.DE slightly lower at 21.57%.
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
EQQX.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -17.51% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between EQQX.DE and CMOE.DE 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 (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.06 |
The correlation between EQQX.DE and CMOE.DE shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQQX.DE vs. CMOE.DE — Risk / Return Rank
EQQX.DE
CMOE.DE
EQQX.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.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.
| EQQX.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 4.49 | -0.58 |
| Martin ratioReturn relative to average drawdown | 11.64 | 10.26 | +1.38 |
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
| EQQX.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.00 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.37 | +0.53 |
Drawdowns
EQQX.DE vs. CMOE.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, roughly equal to the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and CMOE.DE.
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Drawdown Indicators
| EQQX.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -29.97% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -7.70% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -11.83% | -14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.48% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -19.33% | +11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.38% | -0.02% |
Volatility
EQQX.DE vs. CMOE.DE - Volatility Comparison
The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) is 4.15%, while Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a volatility of 5.18%. This indicates that EQQX.DE experiences smaller price fluctuations and is considered to be less risky than CMOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQX.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 5.18% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 15.26% | -4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 17.28% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 16.62% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 16.62% | +3.17% |
EQQX.DE vs. CMOE.DE - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is lower than CMOE.DE's 0.24% 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
EQQX.DE vs. CMOE.DE - Dividend Comparison
Neither EQQX.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
EQQX.DE and CMOE.DE 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.
On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.24% for CMOE.DE.
EQQX.DE is categorized as Nasdaq-100, while CMOE.DE is Commodities. EQQX.DE tracks Nasdaq 100®, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). Their fees differ too: 0.20% for EQQX.DE and 0.24% for CMOE.DE.
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