QDVI.DE vs. CMOP.L
QDVI.DE (iShares Edge MSCI USA Value Factor UCITS ETF) and CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) are both exchange-traded funds - QDVI.DE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value, while CMOP.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, QDVI.DE returned 17.11%/yr vs 11.93%/yr for CMOP.L. At a 0.27 correlation, their price movements are largely independent. QDVI.DE charges 0.20%/yr vs 0.19%/yr for CMOP.L.
Performance
QDVI.DE vs. CMOP.L - Performance Comparison
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Different Trading Currencies
QDVI.DE is traded in EUR, while CMOP.L is traded in GBp. To make them comparable, the CMOP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVI.DE achieves a 49.34% return, which is significantly higher than CMOP.L's 25.95% return.
QDVI.DE
- 1D
- 0.22%
- 1M
- 17.95%
- YTD
- 49.34%
- 6M
- 52.54%
- 1Y
- 88.01%
- 3Y*
- 30.40%
- 5Y*
- 17.11%
- 10Y*
- —
CMOP.L
- 1D
- -1.40%
- 1M
- -2.93%
- YTD
- 25.95%
- 6M
- 24.72%
- 1Y
- 35.28%
- 3Y*
- 12.25%
- 5Y*
- 11.93%
- 10Y*
- —
QDVI.DE vs. CMOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVI.DE iShares Edge MSCI USA Value Factor UCITS ETF | 49.34% | 18.60% | 12.66% | 10.72% | -9.98% | 41.21% | -10.84% | 29.80% | -8.02% | 4.13% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 25.97% | 2.58% | 11.13% | -10.88% | 21.81% | 37.09% | -12.16% | 9.89% | -6.18% | -9.46% |
Correlation
The correlation between QDVI.DE and CMOP.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2017 | 0.27 |
The correlation between QDVI.DE and CMOP.L shifts across timeframes, from -0.01 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVI.DE vs. CMOP.L — Risk / Return Rank
QDVI.DE
CMOP.L
QDVI.DE vs. CMOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.DE) 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.
| QDVI.DE | CMOP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.60 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.35 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 15.30 | 4.06 | +11.24 |
| Martin ratioReturn relative to average drawdown | 60.71 | 9.02 | +51.69 |
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
| QDVI.DE | CMOP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.50 | 1.90 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.70 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.41 | +0.35 |
Drawdowns
QDVI.DE vs. CMOP.L - Drawdown Comparison
The maximum QDVI.DE drawdown since its inception was -38.98%, which is greater than CMOP.L's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for QDVI.DE and CMOP.L.
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Drawdown Indicators
| QDVI.DE | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -30.04% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -8.65% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | -15.99% | -7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -27.73% | +4.63% |
Current DrawdownCurrent decline from peak | 0.00% | -4.83% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -13.64% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 3.90% | -2.45% |
Volatility
QDVI.DE vs. CMOP.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.DE) and Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) have volatilities of 6.59% and 6.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVI.DE | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 6.47% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 16.32% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 18.52% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 17.14% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 15.48% | +3.22% |
QDVI.DE vs. CMOP.L - Expense Ratio Comparison
QDVI.DE has a 0.20% expense ratio, which is higher than CMOP.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDVI.DE vs. CMOP.L - Dividend Comparison
Neither QDVI.DE nor CMOP.L has paid dividends to shareholders.
Frequently Asked Questions
QDVI.DE and CMOP.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMOP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOP.L is cheaper with a 0.19% expense ratio, compared with 0.20% for QDVI.DE.
QDVI.DE is categorized as Large Cap Value Equities, while CMOP.L is Commodities. QDVI.DE tracks MSCI USA Enhanced Value, while CMOP.L tracks Bloomberg Commodity. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for QDVI.DE and 0.19% for CMOP.L.
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