- Issuer
- iShares
- Inception Date
- Apr 3, 2018
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Roll Select Commodity Total Return Index
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $543M
Share Price Chart
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Performance
CMDY Performance Chart
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is up 15.9% since the beginning of the year. CMDY is currently trading at $56 per share. Investors who bought $1,000 worth of CMDY shares 5 years ago would now be looking at an investment worth $1,565.
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Returns By Period
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has returned 15.88% so far this year and 21.57% over the past 12 months.
iShares Bloomberg Roll Select Commodity Strategy ETF
- 1D
- -0.65%
- 1M
- -8.01%
- YTD
- 15.88%
- 6M
- 15.95%
- 1Y
- 21.57%
- 3Y*
- 11.93%
- 5Y*
- 9.37%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CMDY Monthly Returns History
Based on dividend-adjusted daily data since Apr 5, 2018, CMDY's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2026 with a return of +10.6%, while the worst month was Jun 2022 at -10.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CMDY closed higher 51% of trading days. The best single day was Mar 17, 2022 with a return of +4.0%, while the worst single day was Mar 9, 2022 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.63% | 1.22% | 8.85% | 4.76% | -3.04% | -6.41% | 15.88% | ||||||
| 2025 | 4.02% | 0.97% | 3.84% | -5.28% | 0.31% | 2.31% | -0.34% | 2.11% | 2.48% | 2.49% | 2.30% | -0.09% | 15.81% |
| 2024 | -0.44% | -1.35% | 3.75% | 2.48% | 2.18% | -1.65% | -2.60% | -0.23% | 3.89% | -0.86% | -0.39% | 0.76% | 5.43% |
| 2023 | -0.68% | -4.73% | -0.12% | -0.83% | -5.89% | 2.97% | 6.14% | -0.91% | -1.08% | 0.18% | -1.89% | -2.38% | -9.33% |
| 2022 | 7.80% | 6.54% | 7.95% | 3.34% | 2.35% | -10.25% | 1.63% | -0.05% | -7.01% | 2.05% | 3.99% | -2.91% | 14.55% |
| 2021 | 1.68% | 6.45% | -1.82% | 7.97% | 3.53% | 1.91% | 0.86% | 0.99% | 3.99% | 2.57% | -6.81% | 3.12% | 26.38% |
Benchmark Metrics
iShares Bloomberg Roll Select Commodity Strategy ETF has an annualized alpha of 4.75%, beta of 0.23, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since April 05, 2018.
- This ETF participated in 34.92% of S&P 500 Index downside but only 34.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.23 may look defensive, but with R2 of 0.09 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 0.09 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
- 4.75%
- Beta
- 0.23
- R²
- 0.09
- Upside Capture
- 34.43%
- Downside Capture
- 34.92%
Expense Ratio
CMDY has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CMDY ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) 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.
| CMDY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.78 | -0.87 |
| Martin ratioReturn relative to average drawdown | 7.24 | 12.44 | -5.20 |
Dividends
Dividend History
iShares Bloomberg Roll Select Commodity Strategy ETF provided a 11.13% dividend yield over the last twelve months, with an annual payout of $6.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.29 | $6.29 | $2.01 | $2.40 | $2.17 | $7.96 | $0.07 | $1.00 | $0.76 |
Dividend yield | 11.13% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Bloomberg Roll Select Commodity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.29 | $6.29 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.01 | $2.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.40 | $2.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.96 | $7.96 |
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 Bloomberg Roll Select Commodity 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 Bloomberg Roll Select Commodity Strategy ETF was 31.19%, occurring on Mar 18, 2020. Recovery took 276 trading sessions.
The current iShares Bloomberg Roll Select Commodity Strategy ETF drawdown is 11.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.19%Mar 2020 | 1y 9mo | 1y 1mo | 2y 11moMay 2018 - Apr 2021 |
2024 bear market2024 | -26.56%Feb 2024 | 1y 8mo | 1y 11mo | 3y 7moJun 2022 - Jan 2026 |
2026 correction2026 | -11.29%Jun 2026 | 1mo 10d | — | 1mo 11dMay 2026 - now |
Bear market2022 | -10.71%Mar 2022 | 7d | 29d | 1mo 6dMar 2022 - Apr 2022 |
2021 correction2021 | -10.02%Dec 2021 | 1mo 6d | 1mo 26d | 3mo 2dOct 2021 - Jan 2022 |
Drawdown Indicators
| CMDY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -56.78% | +25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -9.10% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.29% | -18.90% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -25.43% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.29% | -1.80% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -10.71% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.03% | +1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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