WTIC.DE vs. CMOE.DE
WTIC.DE (WisdomTree Enhanced Commodity UCITS ETF USD Acc) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - WTIC.DE tracks the Optimised Roll Commodity while CMOE.DE tracks the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, WTIC.DE returned 13.11%/yr vs 13.22%/yr for CMOE.DE. A 0.78 correlation means they provide meaningful diversification when combined. WTIC.DE charges 0.35%/yr vs 0.24%/yr for CMOE.DE.
Performance
WTIC.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTIC.DE achieves a 30.86% return, which is significantly higher than CMOE.DE's 21.57% return.
WTIC.DE
- 1D
- -1.31%
- 1M
- -2.39%
- YTD
- 30.86%
- 6M
- 32.69%
- 1Y
- 41.43%
- 3Y*
- 13.11%
- 5Y*
- 12.56%
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -3.82%
- YTD
- 21.57%
- 6M
- 23.28%
- 1Y
- 34.75%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
WTIC.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTIC.DE WisdomTree Enhanced Commodity UCITS ETF USD Acc | 30.86% | 3.73% | 9.08% | -9.89% | 7.69% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between WTIC.DE and CMOE.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.78 |
The correlation between WTIC.DE and CMOE.DE has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
WTIC.DE vs. CMOE.DE — Risk / Return Rank
WTIC.DE
CMOE.DE
WTIC.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF USD Acc (WTIC.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.
| WTIC.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 4.49 | +1.06 |
| Martin ratioReturn relative to average drawdown | 12.79 | 10.26 | +2.53 |
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
| WTIC.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.00 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.37 | +0.17 |
Drawdowns
WTIC.DE vs. CMOE.DE - Drawdown Comparison
The maximum WTIC.DE drawdown since its inception was -25.90%, smaller than the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for WTIC.DE and CMOE.DE.
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Drawdown Indicators
| WTIC.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.90% | -29.97% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -7.70% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.51% | -11.83% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -5.48% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -19.33% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.38% | -0.15% |
Volatility
WTIC.DE vs. CMOE.DE - Volatility Comparison
WisdomTree Enhanced Commodity UCITS ETF USD Acc (WTIC.DE) has a higher volatility of 5.73% compared to Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) at 5.18%. This indicates that WTIC.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
| WTIC.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.18% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 15.26% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 17.28% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 16.62% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.10% | 16.62% | -2.52% |
WTIC.DE vs. CMOE.DE - Expense Ratio Comparison
WTIC.DE has a 0.35% expense ratio, which is higher than CMOE.DE's 0.24% expense ratio.
Dividends
WTIC.DE vs. CMOE.DE - Dividend Comparison
Neither WTIC.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
WTIC.DE and CMOE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMOE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOE.DE is cheaper with a 0.24% expense ratio, compared with 0.35% for WTIC.DE.
WTIC.DE tracks Optimised Roll Commodity, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.35% for WTIC.DE and 0.24% for CMOE.DE.
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