SXRM.DE vs. CMOE.DE
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, SXRM.DE returned 2.71%/yr vs 16.31%/yr for CMOE.DE. At a 0.05 correlation, their price movements are largely independent. SXRM.DE charges 0.07%/yr vs 0.24%/yr for CMOE.DE.
Performance
SXRM.DE vs. CMOE.DE - Performance Comparison
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Different Trading Currencies
SXRM.DE is traded in USD, while CMOE.DE is traded in EUR. To make them comparable, the CMOE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRM.DE achieves a -0.65% return, which is significantly lower than CMOE.DE's 20.18% return.
SXRM.DE
- 1D
- 0.24%
- 1M
- -0.48%
- YTD
- -0.65%
- 6M
- -0.41%
- 1Y
- 3.87%
- 3Y*
- 2.71%
- 5Y*
- -0.94%
- 10Y*
- 0.77%
CMOE.DE
- 1D
- -1.20%
- 1M
- -4.48%
- YTD
- 20.18%
- 6M
- 22.94%
- 1Y
- 37.06%
- 3Y*
- 16.31%
- 5Y*
- —
- 10Y*
- —
SXRM.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.65% | 8.56% | -0.51% | 3.57% | -11.94% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 20.16% | 29.78% | -2.96% | -6.76% | -5.93% |
Correlation
The correlation between SXRM.DE and CMOE.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.05 |
The correlation between SXRM.DE and CMOE.DE shifts across timeframes, from -0.18 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRM.DE vs. CMOE.DE — Risk / Return Rank
SXRM.DE
CMOE.DE
SXRM.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) and Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE). 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.
| SXRM.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 4.78 | -3.84 |
| Martin ratioReturn relative to average drawdown | 2.93 | 12.25 | -9.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXRM.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.04 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.35 | -0.10 |
Drawdowns
SXRM.DE vs. CMOE.DE - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, smaller than the maximum CMOE.DE drawdown of -29.61%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and CMOE.DE.
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Drawdown Indicators
| SXRM.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -29.61% | +6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -7.72% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -12.72% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | — | — |
Current DrawdownCurrent decline from peak | -10.40% | -6.30% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -18.39% | +11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 3.02% | -1.73% |
Volatility
SXRM.DE vs. CMOE.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) is 1.83%, while Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a volatility of 5.37%. This indicates that SXRM.DE experiences smaller price fluctuations and is considered to be less risky than CMOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRM.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 5.37% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 15.52% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 18.09% | -13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 19.46% | -12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 19.46% | -13.16% |
SXRM.DE vs. CMOE.DE - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is lower than CMOE.DE's 0.24% 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
SXRM.DE vs. CMOE.DE - Dividend Comparison
Neither SXRM.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRM.DE and CMOE.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.24% for CMOE.DE.
SXRM.DE is categorized as Government Bonds, while CMOE.DE is Commodities. SXRM.DE tracks ICE US Treasury 7-10 Year, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SXRM.DE and 0.24% for CMOE.DE.
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