REMX.L vs. CMOP.L
REMX.L (VanEck Rare Earth and Strategic Metals UCITS ETF) and CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) are both Commodities funds - REMX.L tracks the VanEck Rare Earth and Strategic Metals UCITS ETF while CMOP.L tracks the Bloomberg Commodity. Both are passively managed. Over the past 3 years, REMX.L returned -3.25%/yr vs 12.46%/yr for CMOP.L. At a 0.25 correlation, their price movements are largely independent. REMX.L charges 0.59%/yr vs 0.19%/yr for CMOP.L.
Performance
REMX.L vs. CMOP.L - Performance Comparison
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Different Trading Currencies
REMX.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, REMX.L achieves a 2.13% return, which is significantly lower than CMOP.L's 20.38% return.
REMX.L
- 1D
- -1.68%
- 1M
- -23.14%
- 6M
- -17.06%
- YTD
- 2.13%
- 1Y
- 60.74%
- 3Y*
- -3.25%
- 5Y*
- —
- 10Y*
- —
CMOP.L
- 1D
- 0.30%
- 1M
- 2.00%
- 6M
- 15.78%
- YTD
- 20.38%
- 1Y
- 30.42%
- 3Y*
- 12.46%
- 5Y*
- 10.14%
- 10Y*
- —
REMX.L vs. CMOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REMX.L VanEck Rare Earth and Strategic Metals UCITS ETF | 2.13% | 88.79% | -35.65% | -18.38% | -30.93% | 7.28% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 20.38% | 16.40% | 4.25% | -8.12% | 14.71% | 1.59% |
Correlation
The correlation between REMX.L and CMOP.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.25 |
The correlation between REMX.L and CMOP.L shifts across timeframes, from 0.12 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REMX.L vs. CMOP.L — Risk / Return Rank
REMX.L
CMOP.L
REMX.L vs. CMOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF (REMX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REMX.L | CMOP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.09 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.64 | 6.66 | -1.02 |
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Drawdowns
REMX.L vs. CMOP.L - Drawdown Comparison
The maximum REMX.L drawdown since its inception was -73.21%, which is greater than CMOP.L's maximum drawdown of -44.75%. Use the drawdown chart below to compare losses from any high point for REMX.L and CMOP.L.
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Drawdown Indicators
| REMX.L | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -44.75% | -28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -31.73% | -14.47% | -17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -60.69% | -23.45% | -37.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.47% | — |
Current DrawdownCurrent decline from peak | -39.14% | -8.65% | -30.49% |
Average DrawdownAverage peak-to-trough decline | -41.58% | -19.60% | -21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 4.56% | +6.30% |
Volatility
REMX.L vs. CMOP.L - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF (REMX.L) has a higher volatility of 11.26% compared to Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) at 5.00%. This indicates that REMX.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.
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Volatility by Period
| REMX.L | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 5.00% | +6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 34.16% | 16.14% | +18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.91% | 17.95% | +28.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.71% | 21.64% | +33.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.71% | 19.26% | +35.45% |
REMX.L vs. CMOP.L - Expense Ratio Comparison
REMX.L has a 0.59% expense ratio, which is higher than CMOP.L's 0.19% expense ratio.
Dividends
REMX.L vs. CMOP.L - Dividend Comparison
Neither REMX.L nor CMOP.L has paid dividends to shareholders.
Frequently Asked Questions
REMX.L and CMOP.L have a correlation of 0.12, 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 0.59% for REMX.L.
REMX.L tracks VanEck Rare Earth and Strategic Metals UCITS ETF, while CMOP.L tracks Bloomberg Commodity. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.59% for REMX.L and 0.19% for CMOP.L.
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