SXRS.DE vs. CMOE.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - SXRS.DE tracks the Bloomberg Commodity while CMOE.DE tracks the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, SXRS.DE returned 12.54%/yr vs 13.22%/yr for CMOE.DE. Their correlation of 0.83 suggests significant overlap in exposure. SXRS.DE charges 0.19%/yr vs 0.24%/yr for CMOE.DE.
Performance
SXRS.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than CMOE.DE's 21.57% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -1.55%
- YTD
- 21.57%
- 6M
- 21.82%
- 1Y
- 33.83%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
SXRS.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 8.02% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between SXRS.DE and CMOE.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.83 |
The correlation between SXRS.DE and CMOE.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
SXRS.DE vs. CMOE.DE — Risk / Return Rank
SXRS.DE
CMOE.DE
SXRS.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.49 | -0.49 |
| Martin ratioReturn relative to average drawdown | 8.95 | 10.26 | -1.31 |
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
| SXRS.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.00 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.37 | +0.17 |
Drawdowns
SXRS.DE vs. CMOE.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and CMOE.DE.
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Drawdown Indicators
| SXRS.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -29.97% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -7.70% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -11.83% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | — | — |
Current DrawdownCurrent decline from peak | -4.99% | -5.48% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -19.33% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.38% | +0.54% |
Volatility
SXRS.DE vs. CMOE.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) at 5.18%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier 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
| SXRS.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 5.18% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 15.26% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 17.28% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.62% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.62% | -0.77% |
SXRS.DE vs. CMOE.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% 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
SXRS.DE vs. CMOE.DE - Dividend Comparison
Neither SXRS.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and CMOE.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.24% for CMOE.DE.
SXRS.DE tracks Bloomberg Commodity, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.19% for SXRS.DE and 0.24% for CMOE.DE.
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