GDIG.L vs. CMOP.L

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck S&P Global Mining UCITS ETF (GDIG.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L).

GDIG.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. GDIG.L is a passively managed fund by VanEck that tracks the performance of the S&P Global Mining Reduced Coal Index. It was launched on Apr 18, 2018. 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 GDIG.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

GDIG.L vs. CMOP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck S&P Global Mining UCITS ETF (GDIG.L) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L). The values are adjusted to include any dividend payments, if applicable.

GDIG.L vs. CMOP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GDIG.L VanEck S&P Global Mining UCITS ETF	8.84%	90.59%	-8.68%	4.57%	3.63%	7.14%	31.37%	25.35%	-14.38%
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc	24.75%	16.40%	4.25%	-8.12%	14.71%	27.55%	-4.27%	7.46%	-12.09%

Different Trading Currencies

GDIG.L is traded in USD, while CMOP.L is traded in GBp. To make them comparable, the CMOP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GDIG.L achieves a 8.84% return, which is significantly lower than CMOP.L's 24.75% return.

GDIG.L

• 1D: 1.55%
• 1M: -17.82%
• YTD: 8.84%
• 6M: 27.05%
• 1Y: 89.02%
• 3Y*: 24.35%
• 5Y*: 16.02%
• 10Y*: —

CMOP.L

• 1D: 0.95%
• 1M: 12.45%
• YTD: 24.75%
• 6M: 32.69%
• 1Y: 33.14%
• 3Y*: 14.02%
• 5Y*: 13.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDIG.L vs. CMOP.L - Expense Ratio Comparison

GDIG.L has a 0.50% expense ratio, which is higher than CMOP.L's 0.19% expense ratio.

GDIG.L

VanEck S&P Global Mining UCITS ETF

CMOP.L

Invesco Bloomberg Commodity UCITS ETF Acc

Return for Risk

GDIG.L vs. CMOP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDIG.L

GDIG.L Risk / Return Rank: 94
GDIG.L Sharpe Ratio Rank: 96
GDIG.L Sortino Ratio Rank: 94
GDIG.L Omega Ratio Rank: 92
GDIG.L Calmar Ratio Rank: 93
GDIG.L Martin Ratio Rank: 94

CMOP.L

CMOP.L Risk / Return Rank: 83
CMOP.L Sharpe Ratio Rank: 88
CMOP.L Sortino Ratio Rank: 88
CMOP.L Omega Ratio Rank: 86
CMOP.L Calmar Ratio Rank: 91
CMOP.L Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDIG.L vs. CMOP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (GDIG.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.

	GDIG.L	CMOP.L	Difference
Sharpe ratio Return per unit of total volatility	2.60	2.00	+0.59
Sortino ratio Return per unit of downside risk	2.96	2.60	+0.36
Omega ratio Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio Return relative to maximum drawdown	3.60	3.64	-0.04
Martin ratio Return relative to average drawdown	14.63	9.02	+5.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDIG.L vs. CMOP.L - Sharpe Ratio Comparison

The current GDIG.L Sharpe Ratio is 2.60, which is comparable to the CMOP.L Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of GDIG.L and CMOP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GDIG.L	CMOP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.00	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.82	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.50	+0.01

Correlation

The correlation between GDIG.L and CMOP.L is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GDIG.L vs. CMOP.L - Dividend Comparison

Neither GDIG.L nor CMOP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GDIG.L vs. CMOP.L - Drawdown Comparison

The maximum GDIG.L drawdown since its inception was -40.03%, which is greater than CMOP.L's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for GDIG.L and CMOP.L.

Drawdown Indicators

	GDIG.L	CMOP.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.03%	-28.78%	-11.25%
Max Drawdown (1Y) Largest decline over 1 year	-24.08%	-9.61%	-14.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-28.78%	-11.25%
Current Drawdown Current decline from peak	-17.82%	0.00%	-17.82%
Average Drawdown Average peak-to-trough decline	-12.75%	-12.35%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	4.84%	+1.08%

Volatility

GDIG.L vs. CMOP.L - Volatility Comparison

VanEck S&P Global Mining UCITS ETF (GDIG.L) has a higher volatility of 14.90% compared to Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) at 7.30%. This indicates that GDIG.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.

Volatility by Period

	GDIG.L	CMOP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.90%	7.30%	+7.60%
Volatility (6M) Calculated over the trailing 6-month period	28.47%	12.95%	+15.52%
Volatility (1Y) Calculated over the trailing 1-year period	34.21%	16.50%	+17.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	16.66%	+14.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.66%	15.04%	+14.62%