BDRY vs. CMDY
Compare and contrast key facts about Breakwave Dry Bulk Shipping ETF (BDRY) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY).
BDRY and CMDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDRY is a passively managed fund by ETFMG that tracks the performance of the Breakwave Dry Freight Futures Index. It was launched on Mar 22, 2018. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. Both BDRY and CMDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BDRY vs. CMDY - Performance Comparison
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BDRY vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 17.73% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -9.26% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.23% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.11% |
Returns By Period
In the year-to-date period, BDRY achieves a 17.73% return, which is significantly lower than CMDY's 21.23% return.
BDRY
- 1D
- 3.56%
- 1M
- -15.51%
- YTD
- 17.73%
- 6M
- 36.21%
- 1Y
- 58.85%
- 3Y*
- 0.74%
- 5Y*
- -10.45%
- 10Y*
- —
CMDY
- 1D
- -0.54%
- 1M
- 6.54%
- YTD
- 21.23%
- 6M
- 26.39%
- 1Y
- 28.68%
- 3Y*
- 12.40%
- 5Y*
- 12.67%
- 10Y*
- —
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BDRY vs. CMDY - Expense Ratio Comparison
BDRY has a 3.76% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Return for Risk
BDRY vs. CMDY — Risk / Return Rank
BDRY
CMDY
BDRY vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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.
| BDRY | CMDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.75 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.90 | 2.31 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.00 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.67 | 9.38 | -2.71 |
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
| BDRY | CMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.75 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.81 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.54 | -0.71 |
Correlation
The correlation between BDRY and CMDY is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BDRY vs. CMDY - Dividend Comparison
BDRY has not paid dividends to shareholders, while CMDY's dividend yield for the trailing twelve months is around 10.64%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.64% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Drawdowns
BDRY vs. CMDY - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than CMDY's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for BDRY and CMDY.
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Drawdown Indicators
| BDRY | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -31.19% | -57.97% |
Max Drawdown (1Y)Largest decline over 1 year | -21.60% | -9.57% | -12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -26.56% | -62.60% |
Current DrawdownCurrent decline from peak | -75.13% | -0.97% | -74.16% |
Average DrawdownAverage peak-to-trough decline | -58.11% | -13.38% | -44.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.78% | 3.06% | +6.72% |
Volatility
BDRY vs. CMDY - Volatility Comparison
Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 15.25% compared to iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) at 6.76%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than CMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDRY | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.25% | 6.76% | +8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 30.79% | 13.02% | +17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.07% | 16.43% | +26.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.12% | 15.63% | +46.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.97% | 14.54% | +48.43% |