XSVT.DE vs. CMOE.DE
XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - XSVT.DE tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward while CMOE.DE tracks the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, XSVT.DE returned 16.36%/yr vs 13.22%/yr for CMOE.DE. Their correlation of 0.82 suggests significant overlap in exposure. XSVT.DE charges 0.29%/yr vs 0.24%/yr for CMOE.DE.
Performance
XSVT.DE vs. CMOE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XSVT.DE having a 21.63% return and CMOE.DE slightly lower at 21.57%.
XSVT.DE
- 1D
- -0.53%
- 1M
- 1.39%
- YTD
- 21.63%
- 6M
- 26.61%
- 1Y
- 43.07%
- 3Y*
- 16.36%
- 5Y*
- —
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -3.82%
- YTD
- 21.57%
- 6M
- 23.28%
- 1Y
- 34.75%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
XSVT.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSVT.DE Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 21.63% | 14.36% | 15.10% | -12.67% | 14.15% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between XSVT.DE and CMOE.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.82 |
The correlation between XSVT.DE and CMOE.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
XSVT.DE vs. CMOE.DE — Risk / Return Rank
XSVT.DE
CMOE.DE
XSVT.DE vs. CMOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.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.
| XSVT.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 4.49 | +0.09 |
| Martin ratioReturn relative to average drawdown | 10.89 | 10.26 | +0.63 |
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
| XSVT.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.00 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.37 | +0.24 |
Drawdowns
XSVT.DE vs. CMOE.DE - Drawdown Comparison
The maximum XSVT.DE drawdown since its inception was -27.57%, smaller than the maximum CMOE.DE drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for XSVT.DE and CMOE.DE.
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Drawdown Indicators
| XSVT.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.57% | -29.97% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -7.70% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -11.83% | -4.14% |
Current DrawdownCurrent decline from peak | -1.81% | -5.48% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -19.33% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.38% | +0.57% |
Volatility
XSVT.DE vs. CMOE.DE - Volatility Comparison
The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) is 4.33%, while Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a volatility of 5.18%. This indicates that XSVT.DE experiences smaller price fluctuations and is considered to be less risky 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
| XSVT.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.18% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 15.26% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 17.28% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.62% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 16.62% | +2.21% |
XSVT.DE vs. CMOE.DE - Expense Ratio Comparison
XSVT.DE has a 0.29% expense ratio, which is higher than CMOE.DE's 0.24% expense ratio.
Dividends
XSVT.DE vs. CMOE.DE - Dividend Comparison
Neither XSVT.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
XSVT.DE and CMOE.DE have a correlation of 0.83, 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 0.29% for XSVT.DE.
XSVT.DE tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward, while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.29% for XSVT.DE and 0.24% for CMOE.DE.
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