V vs. CMOD.L

Last updated Jun 9, 2026

V (Visa Inc.) is a stock, while CMOD.L (Invesco Bloomberg Commodity UCITS ETF) is Commodities fund tracking the Bloomberg Commodity TR Index. Over the past 5 years, V returned 7.39%/yr vs 10.42%/yr for CMOD.L. At a 0.07 correlation, their price movements are largely independent.

Performance

V vs. CMOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and Invesco Bloomberg Commodity UCITS ETF (CMOD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -8.47% return, which is significantly lower than CMOD.L's 22.33% return.

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

CMOD.L

• 1D: -0.15%
• 1M: -3.74%
• YTD: 22.33%
• 6M: 22.42%
• 1Y: 33.62%
• 3Y*: 14.20%
• 5Y*: 10.42%
• 10Y*: —

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

V vs. CMOD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	39.68%
CMOD.L Invesco Bloomberg Commodity UCITS ETF	22.33%	16.16%	4.12%	-7.56%	14.50%	27.35%	-3.87%	6.64%	-10.22%	2.08%

Correlation

The correlation between V and CMOD.L is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jan 9, 2017	0.07

The correlation between V and CMOD.L shifts across timeframes, from -0.08 (3 years) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

V vs. CMOD.L — Risk / Return Rank

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

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

CMOD.L

CMOD.L Risk / Return Rank: 69
CMOD.L Sharpe Ratio Rank: 67
CMOD.L Sortino Ratio Rank: 58
CMOD.L Omega Ratio Rank: 68
CMOD.L Calmar Ratio Rank: 88
CMOD.L Martin Ratio Rank: 64

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.

V vs. CMOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and Invesco Bloomberg Commodity UCITS ETF (CMOD.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.

	V	CMOD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.98	-2.57
Sortino ratio: Return per unit of downside risk	-0.72	2.50	-3.22
Omega ratio: Gain probability vs. loss probability	0.91	1.37	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.64	4.60	-5.24
Martin ratio: Return relative to average drawdown	-1.18	10.43	-11.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. CMOD.L - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.58, which is lower than the CMOD.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of V and CMOD.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

	V	CMOD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	1.98	-2.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.63	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.47	+0.22

Drawdowns

V vs. CMOD.L - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than CMOD.L's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for V and CMOD.L.

Drawdown Indicators

	V	CMOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-33.16%	-18.74%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-7.28%	-13.10%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-11.65%	-8.73%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-26.86%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	—	—
Current Drawdown Current decline from peak	-13.69%	-7.23%	-6.46%
Average Drawdown Average peak-to-trough decline	-8.26%	-12.25%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.03%	3.21%	+7.82%

Volatility

V vs. CMOD.L - Volatility Comparison

Visa Inc. (V) has a higher volatility of 5.74% compared to Invesco Bloomberg Commodity UCITS ETF (CMOD.L) at 5.26%. This indicates that V's price experiences larger fluctuations and is considered to be riskier than CMOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V	CMOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	5.26%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	17.50%	15.05%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	16.91%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	16.60%	+6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.47%	14.68%	+9.79%

Dividends

V vs. CMOD.L - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, while CMOD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMOD.L Invesco Bloomberg Commodity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and CMOD.L in my portfolio?

V and CMOD.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.