MTUAY vs. CMOP.L

Last updated Jun 4, 2026

MTUAY (MTU Aero Engines AG) is a stock, while CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) is Commodities fund tracking the Bloomberg Commodity. Over the past 5 years, MTUAY returned 7.30%/yr vs 11.20%/yr for CMOP.L. At a 0.09 correlation, their price movements are largely independent.

Performance

MTUAY vs. CMOP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MTU Aero Engines AG (MTUAY) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MTUAY 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, MTUAY achieves a -17.22% return, which is significantly lower than CMOP.L's 26.20% return.

MTUAY

• 1D: -2.13%
• 1M: 4.70%
• YTD: -17.22%
• 6M: -14.76%
• 1Y: -15.65%
• 3Y*: 14.18%
• 5Y*: 7.30%
• 10Y*: 15.13%

CMOP.L

• 1D: 0.49%
• 1M: -1.29%
• YTD: 26.20%
• 6M: 25.50%
• 1Y: 39.21%
• 3Y*: 16.24%
• 5Y*: 11.20%
• 10Y*: —

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

MTUAY vs. CMOP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTUAY MTU Aero Engines AG	-17.22%	26.67%	54.85%	1.39%	7.65%	-21.51%	-8.19%	63.25%	1.46%	38.51%
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc	26.20%	16.40%	4.25%	-8.12%	14.71%	27.55%	-4.27%	7.46%	-10.38%	2.57%

Correlation

The correlation between MTUAY and CMOP.L is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 11, 2017	0.09

The correlation between MTUAY and CMOP.L shifts across timeframes, from -0.15 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MTUAY vs. CMOP.L — Risk / Return Rank

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

MTUAY

MTUAY Risk / Return Rank: 20
MTUAY Sharpe Ratio Rank: 21
MTUAY Sortino Ratio Rank: 20
MTUAY Omega Ratio Rank: 21
MTUAY Calmar Ratio Rank: 25
MTUAY Martin Ratio Rank: 15

CMOP.L

CMOP.L Risk / Return Rank: 68
CMOP.L Sharpe Ratio Rank: 64
CMOP.L Sortino Ratio Rank: 55
CMOP.L Omega Ratio Rank: 65
CMOP.L Calmar Ratio Rank: 88
CMOP.L Martin Ratio Rank: 66

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.

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

This table presents a comparison of risk-adjusted performance metrics for MTU Aero Engines AG (MTUAY) 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.

	MTUAY	CMOP.L	Difference
Sharpe ratio Return per unit of total volatility	-0.47	2.23	-2.70
Sortino ratio Return per unit of downside risk	-0.50	2.74	-3.24
Omega ratio Gain probability vs. loss probability	0.94	1.40	-0.46
Calmar ratio Return relative to maximum drawdown	-0.48	5.23	-5.71
Martin ratio Return relative to average drawdown	-1.18	12.13	-13.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTUAY vs. CMOP.L - Sharpe Ratio Comparison

The current MTUAY Sharpe Ratio is -0.47, which is lower than the CMOP.L Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of MTUAY and CMOP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MTUAY	CMOP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	2.23	-2.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.66	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.49	+0.04

Drawdowns

MTUAY vs. CMOP.L - Drawdown Comparison

The maximum MTUAY drawdown since its inception was -64.31%, 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 MTUAY and CMOP.L.

Drawdown Indicators

	MTUAY	CMOP.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.31%	-33.25%	-31.06%
Max Drawdown (1Y) Largest decline over 1 year	-32.62%	-7.47%	-25.15%
Max Drawdown (3Y) Largest decline over 3 years	-34.69%	-11.58%	-23.11%
Max Drawdown (5Y) Largest decline over 5 years	-43.53%	-26.47%	-17.06%
Max Drawdown (10Y) Largest decline over 10 years	-64.31%	—	—
Current Drawdown Current decline from peak	-27.45%	-4.23%	-23.22%
Average Drawdown Average peak-to-trough decline	-12.27%	-12.30%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.24%	3.22%	+10.02%

Volatility

MTUAY vs. CMOP.L - Volatility Comparison

MTU Aero Engines AG (MTUAY) has a higher volatility of 14.99% compared to Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) at 6.22%. This indicates that MTUAY'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

	MTUAY	CMOP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	6.22%	+8.77%
Volatility (6M) Calculated over the trailing 6-month period	28.07%	15.70%	+12.37%
Volatility (1Y) Calculated over the trailing 1-year period	33.47%	17.48%	+15.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.23%	17.05%	+15.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.65%	15.27%	+20.38%

Dividends

MTUAY vs. CMOP.L - Dividend Comparison

MTUAY's dividend yield for the trailing twelve months is around 1.24%, while CMOP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MTUAY MTU Aero Engines AG	1.24%	0.60%	0.66%	1.63%	1.07%	0.73%	1.02%	0.79%	1.11%	1.85%	2.87%

Frequently Asked Questions

Can I hold both MTUAY and CMOP.L in my portfolio?

MTUAY and CMOP.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.