EXXY.DE vs. CMOE.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - EXXY.DE tracks the Bloomberg Commodity while CMOE.DE tracks the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, EXXY.DE returned 11.64%/yr vs 13.22%/yr for CMOE.DE. Their correlation of 0.83 suggests significant overlap in exposure. EXXY.DE charges 0.46%/yr vs 0.24%/yr for CMOE.DE.
Performance
EXXY.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXY.DE achieves a 23.43% return, which is significantly higher than CMOE.DE's 21.57% return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -0.31%
- YTD
- 23.43%
- 6M
- 22.49%
- 1Y
- 33.55%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
CMOE.DE
- 1D
- -1.32%
- 1M
- -3.82%
- YTD
- 21.57%
- 6M
- 23.28%
- 1Y
- 34.75%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
EXXY.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 8.16% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between EXXY.DE and CMOE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.83 |
The correlation between EXXY.DE and CMOE.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
EXXY.DE vs. CMOE.DE — Risk / Return Rank
EXXY.DE
CMOE.DE
EXXY.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.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.
| EXXY.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.49 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.41 | 10.26 | -1.85 |
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
| EXXY.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.00 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.37 | -0.35 |
Drawdowns
EXXY.DE vs. CMOE.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than CMOE.DE's maximum drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and CMOE.DE.
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Drawdown Indicators
| EXXY.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -29.97% | -35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -7.70% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -11.83% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -16.97% | -5.48% | -11.49% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -19.33% | -20.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 3.38% | +0.65% |
Volatility
EXXY.DE vs. CMOE.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a higher volatility of 5.99% compared to Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) at 5.18%. This indicates that EXXY.DE's price experiences larger fluctuations and is considered to be riskier 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
| EXXY.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.18% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 15.26% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 17.28% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.62% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 16.62% | -1.30% |
EXXY.DE vs. CMOE.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than CMOE.DE's 0.24% expense ratio.
Dividends
EXXY.DE vs. CMOE.DE - Dividend Comparison
Neither EXXY.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and CMOE.DE have a correlation of 0.88, 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 0.46% for EXXY.DE.
EXXY.DE tracks Bloomberg Commodity, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for EXXY.DE and 0.24% for CMOE.DE.
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