XAAG.DE vs. C099.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and C099.DE (Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF (EUR Hedged) Acc) are both Commodities funds - XAAG.DE tracks the Bloomberg Commodity ex-Agriculture and Livestock while C099.DE tracks the Bloomberg Energy and Metals Equal-Weighted (EUR Hedged). Both are passively managed. Over the past 3 years, XAAG.DE returned 17.71%/yr vs 21.14%/yr for C099.DE. Their correlation of 0.84 suggests significant overlap in exposure. XAAG.DE charges 0.19%/yr vs 0.35%/yr for C099.DE.
Performance
XAAG.DE vs. C099.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XAAG.DE having a 27.69% return and C099.DE slightly higher at 28.92%.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
C099.DE
- 1D
- -0.50%
- 1M
- -0.28%
- YTD
- 28.92%
- 6M
- 36.32%
- 1Y
- 62.17%
- 3Y*
- 21.14%
- 5Y*
- —
- 10Y*
- —
XAAG.DE vs. C099.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -9.17% |
C099.DE Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF (EUR Hedged) Acc | 28.92% | 29.62% | 4.85% | -8.37% |
Correlation
The correlation between XAAG.DE and C099.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.84 |
The correlation between XAAG.DE and C099.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
XAAG.DE vs. C099.DE — Risk / Return Rank
XAAG.DE
C099.DE
XAAG.DE vs. C099.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF (EUR Hedged) Acc (C099.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.
| XAAG.DE | C099.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.50 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 5.06 | -0.98 |
| Martin ratioReturn relative to average drawdown | 9.65 | 17.91 | -8.26 |
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
| XAAG.DE | C099.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.92 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.85 | -0.37 |
Drawdowns
XAAG.DE vs. C099.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, which is greater than C099.DE's maximum drawdown of -15.35%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and C099.DE.
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Drawdown Indicators
| XAAG.DE | C099.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -15.35% | -18.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -12.55% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -15.35% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -4.74% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -6.21% | -7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 3.55% | +1.34% |
Volatility
XAAG.DE vs. C099.DE - Volatility Comparison
The current volatility for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) is 4.71%, while Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF (EUR Hedged) Acc (C099.DE) has a volatility of 5.09%. This indicates that XAAG.DE experiences smaller price fluctuations and is considered to be less risky than C099.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAAG.DE | C099.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.09% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 19.66% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 21.77% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 17.90% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 17.90% | +0.50% |
XAAG.DE vs. C099.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is lower than C099.DE's 0.35% expense ratio.
Dividends
XAAG.DE vs. C099.DE - Dividend Comparison
Neither XAAG.DE nor C099.DE has paid dividends to shareholders.
Frequently Asked Questions
XAAG.DE and C099.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for C099.DE.
XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while C099.DE tracks Bloomberg Energy and Metals Equal-Weighted (EUR Hedged). They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for XAAG.DE and 0.35% for C099.DE.
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