WDTE.DE vs. CMOE.DE
WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while CMOE.DE is a Commodities fund tracking the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, WDTE.DE returned 25.83%/yr vs 13.22%/yr for CMOE.DE. At a 0.02 correlation, their price movements are largely independent. WDTE.DE charges 0.18%/yr vs 0.24%/yr for CMOE.DE.
Performance
WDTE.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.DE achieves a 18.32% return, which is significantly lower than CMOE.DE's 21.57% return.
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -3.82%
- YTD
- 21.57%
- 6M
- 23.28%
- 1Y
- 34.75%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
WDTE.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -5.95% |
Correlation
The correlation between WDTE.DE and CMOE.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.02 |
The correlation between WDTE.DE and CMOE.DE shifts across timeframes, from -0.08 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WDTE.DE vs. CMOE.DE — Risk / Return Rank
WDTE.DE
CMOE.DE
WDTE.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.
| WDTE.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.49 | -2.17 |
| Martin ratioReturn relative to average drawdown | 6.14 | 10.26 | -4.12 |
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
| WDTE.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.00 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.37 | +1.07 |
Drawdowns
WDTE.DE vs. CMOE.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -28.19%, smaller than the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and CMOE.DE.
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Drawdown Indicators
| WDTE.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -29.97% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -7.70% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -11.83% | -16.36% |
Current DrawdownCurrent decline from peak | -3.63% | -5.48% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -19.33% | +14.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 3.38% | +2.61% |
Volatility
WDTE.DE vs. CMOE.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 8.26% compared to Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) at 5.18%. This indicates that WDTE.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
| WDTE.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 5.18% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 15.26% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 17.28% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 16.62% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 16.62% | +5.12% |
WDTE.DE vs. CMOE.DE - Expense Ratio Comparison
WDTE.DE has a 0.18% 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
WDTE.DE vs. CMOE.DE - Dividend Comparison
Neither WDTE.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
WDTE.DE and CMOE.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for CMOE.DE.
WDTE.DE is categorized as Technology Equities, while CMOE.DE is Commodities. WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). Their fees differ too: 0.18% for WDTE.DE and 0.24% for CMOE.DE.
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