- ISIN
- US45032K1025
- Issuer
- PIMCO
- Inception Date
- May 9, 2023
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Roll Select Commodity Total Return Index
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $802M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CMDT Performance Chart
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is up 18.7% since the beginning of the year. CMDT is currently trading at $33 per share.
Loading charts...
Returns By Period
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has returned 18.71% so far this year and 27.72% over the past 12 months.
PIMCO Commodity Strategy Active Exchange-Traded Fund
- 1D
- -0.34%
- 1M
- -6.97%
- YTD
- 18.71%
- 6M
- 18.20%
- 1Y
- 27.72%
- 3Y*
- 15.62%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
CMDT Monthly Returns History
Based on dividend-adjusted daily data since May 10, 2023, CMDT's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Mar 2026 with a return of +8.6%, while the worst month was Apr 2025 at -5.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CMDT closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +2.9%, while the worst single day was Apr 4, 2025 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.80% | 1.82% | 8.58% | 5.95% | -1.29% | -2.95% | 18.71% | ||||||
| 2025 | 3.33% | -0.65% | 3.32% | -5.13% | 0.53% | 1.93% | 1.94% | 2.21% | 2.64% | 2.35% | -0.36% | 0.28% | 12.78% |
| 2024 | 1.87% | -0.24% | 4.00% | 1.57% | 0.19% | -0.41% | -2.42% | -1.52% | 3.09% | 0.15% | -0.08% | 0.70% | 6.93% |
| 2023 | -3.79% | 4.70% | 7.49% | 0.46% | 0.43% | -0.12% | -1.45% | -2.01% | 5.37% |
Benchmark Metrics
PIMCO Commodity Strategy Active Exchange-Traded Fund has an annualized alpha of 11.65%, beta of 0.15, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 10, 2023.
- This ETF captured 31.17% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -28.19%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.15 may look defensive, but with R2 of 0.04 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 0.04 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
- 0.15
- R²
- 0.04
- Upside Capture
- 31.17%
- Downside Capture
- -28.19%
Expense Ratio
CMDT has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CMDT ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMDT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.52 | +1.48 |
| Martin ratioReturn relative to average drawdown | 14.94 | 11.31 | +3.63 |
Dividends
Dividend History
PIMCO Commodity Strategy Active Exchange-Traded Fund provided a 2.55% dividend yield over the last twelve months, with an annual payout of $0.83 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.83 | $0.84 | $2.22 | $0.70 |
Dividend yield | 2.55% | 3.04% | 8.80% | 2.71% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Commodity Strategy Active Exchange-Traded Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.22 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.76 | $0.00 | $0.93 | $2.22 |
| 2023 | $0.03 | $0.00 | $0.00 | $0.32 | $0.00 | $0.34 | $0.70 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Commodity Strategy Active Exchange-Traded Fund. 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 PIMCO Commodity Strategy Active Exchange-Traded Fund was 9.69%, occurring on Sep 10, 2024. Recovery took 87 trading sessions.
The current PIMCO Commodity Strategy Active Exchange-Traded Fund drawdown is 6.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 pullback2024 | -9.69%Sep 2024 | 3mo 14d | 4mo 7d | 7mo 21dMay 2024 - Jan 2025 |
2025 selloff2025 | -9.44%Apr 2025 | 1mo 16d | 2mo 10d | 3mo 26dFeb 2025 - Jun 2025 |
2023 pullback2023 | -8.87%Dec 2023 | 2mo 28d | 3mo 22d | 6mo 20dSep 2023 - Apr 2024 |
2026 pullback2026 | -6.97%Jun 2026 | 29d | — | 1mo 18hMay 2026 - now |
2026 pullback2026 | -4.35%Feb 2026 | 3d | 25d | 28dJan 2026 - Feb 2026 |
Drawdown Indicators
| CMDT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.69% | -56.78% | +47.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -9.10% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.69% | -18.90% | +9.21% |
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 | -6.97% | -2.83% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -10.72% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.02% | -0.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CMDT
Add PIMCO Commodity Strategy Active Exchange-Traded Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CMDT