IDTL.L vs. CMOD.L
IDTL.L (iShares Treasury Bond 20+ UCITS) and CMOD.L (Invesco Bloomberg Commodity UCITS ETF) are both exchange-traded funds - IDTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while CMOD.L is a Commodities fund tracking the Bloomberg Commodity TR Index. Both are passively managed. Over the past 5 years, IDTL.L returned -6.07%/yr vs 10.88%/yr for CMOD.L. At a correlation of -0.13, they often move in opposite directions. IDTL.L charges 0.07%/yr vs 0.19%/yr for CMOD.L.
Performance
IDTL.L vs. CMOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDTL.L achieves a -1.14% return, which is significantly lower than CMOD.L's 24.60% return.
IDTL.L
- 1D
- 0.36%
- 1M
- 0.66%
- YTD
- -1.14%
- 6M
- -1.07%
- 1Y
- 3.86%
- 3Y*
- -1.56%
- 5Y*
- -6.07%
- 10Y*
- -1.51%
CMOD.L
- 1D
- -1.40%
- 1M
- -3.78%
- YTD
- 24.60%
- 6M
- 24.00%
- 1Y
- 37.37%
- 3Y*
- 15.36%
- 5Y*
- 10.88%
- 10Y*
- —
IDTL.L vs. CMOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | -1.14% | 4.67% | -7.18% | 2.22% | -30.42% | -4.71% | 17.11% | 15.67% | -1.84% | 5.44% |
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 24.60% | 16.16% | 4.13% | -7.56% | 14.50% | 27.35% | -3.87% | 6.64% | -10.22% | 0.08% |
Correlation
The correlation between IDTL.L and CMOD.L is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2017 | -0.13 |
The correlation between IDTL.L and CMOD.L shifts across timeframes, from -0.28 (1 year) to -0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDTL.L vs. CMOD.L — Risk / Return Rank
IDTL.L
CMOD.L
IDTL.L vs. CMOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Bond 20+ UCITS (IDTL.L) and Invesco Bloomberg Commodity UCITS ETF (CMOD.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.
| IDTL.L | CMOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 5.10 | -4.59 |
| Martin ratioReturn relative to average drawdown | 1.27 | 11.82 | -10.55 |
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
| IDTL.L | CMOD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 2.21 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.66 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.47 | -0.55 |
Drawdowns
IDTL.L vs. CMOD.L - Drawdown Comparison
The maximum IDTL.L drawdown since its inception was -48.31%, which is greater than CMOD.L's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for IDTL.L and CMOD.L.
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Drawdown Indicators
| IDTL.L | CMOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -33.16% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -7.30% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -11.66% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -26.86% | -16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -40.36% | -5.50% | -34.86% |
Average DrawdownAverage peak-to-trough decline | -20.41% | -12.29% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.15% | -0.12% |
Volatility
IDTL.L vs. CMOD.L - Volatility Comparison
The current volatility for iShares Treasury Bond 20+ UCITS (IDTL.L) is 3.32%, while Invesco Bloomberg Commodity UCITS ETF (CMOD.L) has a volatility of 5.58%. This indicates that IDTL.L experiences smaller price fluctuations and is considered to be less risky than CMOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTL.L | CMOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 5.58% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 14.96% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 16.80% | -6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 16.57% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 14.69% | -0.08% |
IDTL.L vs. CMOD.L - Expense Ratio Comparison
IDTL.L has a 0.07% expense ratio, which is lower than CMOD.L's 0.19% 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
IDTL.L vs. CMOD.L - Dividend Comparison
IDTL.L's dividend yield for the trailing twelve months is around 4.36%, while CMOD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTL.L iShares Treasury Bond 20+ UCITS | 4.36% | 4.31% | 4.65% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.60% | 2.63% | 2.14% |
Frequently Asked Questions
IDTL.L and CMOD.L have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDTL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDTL.L is cheaper with a 0.07% expense ratio, compared with 0.19% for CMOD.L.
IDTL.L is categorized as Government Bonds, while CMOD.L is Commodities. IDTL.L tracks ICE U.S. Treasury 20+ Year Bond Index, while CMOD.L tracks Bloomberg Commodity TR Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IDTL.L and 0.19% for CMOD.L.
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