- Issuer
- iShares
- Inception Date
- Sep 1, 2020
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- CCRV-US - ICE BofA Commodity Enhanced Carry Index
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $27M
Share Price Chart
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Performance
CCRV Performance Chart
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Returns By Period
iShares Commodity Curve Carry Strategy ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
CCRV Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.62% | -1.65% | 2.15% | -8.13% | 1.40% | 3.25% | 4.24% | -2.37% | 0.00% | -0.05% | |||
| 2024 | 3.44% | -0.83% | 4.83% | 1.84% | -1.29% | 1.54% | -2.59% | -1.98% | 0.34% | 0.82% | -0.95% | 0.69% | 5.74% |
| 2023 | 1.74% | -2.11% | -1.30% | -0.10% | -6.24% | 3.89% | 11.57% | 0.79% | 3.57% | -2.10% | -1.05% | -2.28% | 5.47% |
| 2022 | 6.81% | 5.71% | 8.90% | 4.90% | 4.46% | -7.52% | -2.57% | -3.33% | -7.28% | 5.62% | 4.55% | -0.20% | 19.91% |
| 2021 | 1.67% | 6.77% | -1.03% | 7.46% | 2.37% | 1.95% | 0.89% | -0.50% | 5.04% | 5.41% | -5.77% | 5.99% | 33.78% |
Benchmark Metrics
iShares Commodity Curve Carry Strategy ETF has an annualized alpha of 11.65%, beta of 0.26, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 04, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (42.14%) than losses (11.09%) - typical of diversified or defensive assets.
- Beta of 0.26 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 11.65%
- Beta
- 0.26
- R²
- 0.06
- Upside Capture
- 42.14%
- Downside Capture
- 11.09%
Expense Ratio
CCRV has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
iShares Commodity Curve Carry Strategy ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.00 | $0.89 | $1.43 | $6.67 | $5.90 |
Dividend yield | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Commodity Curve Carry Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.43 | $1.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.67 | $6.67 |
| 2021 | $5.90 | $5.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Commodity Curve Carry Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Commodity Curve Carry Strategy ETF was 24.81%, occurring on Sep 26, 2022. Recovery took 445 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -24.81%Sep 2022 | 3mo 19d | 1y 9mo | 2y 27dJun 2022 - Jul 2024 |
2025 selloff2025 | -14.09%Apr 2025 | 9mo 4d | — | 1y 11moJul 2024 - now |
Bear market2022 | -13.86%Mar 2022 | 7d | 1mo 3d | 1mo 10dMar 2022 - Apr 2022 |
2021 pullback2021 | -8.18%Dec 2021 | 1mo 11d | 1mo 6d | 2mo 17dOct 2021 - Jan 2022 |
2021 pullback2021 | -8.01%Aug 2021 | 2mo 12d | 14d | 2mo 26dJun 2021 - Sep 2021 |
Drawdown Indicators
| CCRV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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