FWIA.DE vs. CMOE.DE
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past year, FWIA.DE returned 26.39% vs 33.83% for CMOE.DE. At a 0.04 correlation, their price movements are largely independent. FWIA.DE charges 0.15%/yr vs 0.24%/yr for CMOE.DE.
Performance
FWIA.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWIA.DE achieves a 12.60% return, which is significantly lower than CMOE.DE's 21.57% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
FWIA.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | 0.90% |
Correlation
The correlation between FWIA.DE and CMOE.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.04 |
The correlation between FWIA.DE and CMOE.DE shifts across timeframes, from -0.13 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FWIA.DE vs. CMOE.DE — Risk / Return Rank
FWIA.DE
CMOE.DE
FWIA.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
| FWIA.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.49 | -0.42 |
| Martin ratioReturn relative to average drawdown | 16.52 | 10.26 | +6.26 |
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
| FWIA.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.00 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.37 | +1.04 |
Drawdowns
FWIA.DE vs. CMOE.DE - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and CMOE.DE.
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Drawdown Indicators
| FWIA.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -29.97% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -7.70% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Current DrawdownCurrent decline from peak | -0.62% | -5.48% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -19.33% | +16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.38% | -1.78% |
Volatility
FWIA.DE vs. CMOE.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) is 2.96%, while Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a volatility of 5.18%. This indicates that FWIA.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
| FWIA.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 5.18% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 15.26% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 17.28% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 16.62% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 16.62% | -3.44% |
FWIA.DE vs. CMOE.DE - Expense Ratio Comparison
FWIA.DE has a 0.15% 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
FWIA.DE vs. CMOE.DE - Dividend Comparison
Neither FWIA.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
FWIA.DE and CMOE.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.24% for CMOE.DE.
FWIA.DE is categorized as Global Equities, while CMOE.DE is Commodities. FWIA.DE tracks FTSE All-World, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). Their fees differ too: 0.15% for FWIA.DE and 0.24% for CMOE.DE.
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