BLNDX vs. COM

Last updated Jun 23, 2026

BLNDX (Standpoint Multi-Asset Fund Institutional) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both funds - BLNDX is a Diversified Portfolio fund managed by Ultimus Fund, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. Over the past 5 years, BLNDX returned 9.26%/yr vs 8.18%/yr for COM. At a 0.40 correlation, their price movements are largely independent. BLNDX charges 1.27%/yr vs 0.70%/yr for COM.

Performance

BLNDX vs. COM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Standpoint Multi-Asset Fund Institutional (BLNDX) and Direxion Auspice Broad Commodity Strategy ETF (COM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BLNDX having a 12.91% return and COM slightly lower at 12.48%.

BLNDX

• 1D: 0.48%
• 1M: -3.47%
• YTD: 12.91%
• 6M: 12.69%
• 1Y: 30.93%
• 3Y*: 10.21%
• 5Y*: 9.26%
• 10Y*: —

COM

• 1D: -0.24%
• 1M: -3.92%
• YTD: 12.48%
• 6M: 12.53%
• 1Y: 18.69%
• 3Y*: 6.70%
• 5Y*: 8.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLNDX vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BLNDX Standpoint Multi-Asset Fund Institutional	12.91%	4.12%	13.11%	5.79%	3.71%	20.16%	16.30%	0.00%
COM Direxion Auspice Broad Commodity Strategy ETF	12.48%	7.72%	5.81%	-2.09%	9.17%	28.00%	6.63%	-0.39%

Correlation

The correlation between BLNDX and COM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.40

The correlation between BLNDX and COM shifts across timeframes, from 0.40 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BLNDX vs. COM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLNDX

BLNDX Risk / Return Rank: 81
BLNDX Sharpe Ratio Rank: 79
BLNDX Sortino Ratio Rank: 69
BLNDX Omega Ratio Rank: 68
BLNDX Calmar Ratio Rank: 96
BLNDX Martin Ratio Rank: 94

COM

COM Risk / Return Rank: 54
COM Sharpe Ratio Rank: 54
COM Sortino Ratio Rank: 51
COM Omega Ratio Rank: 55
COM Calmar Ratio Rank: 57
COM Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLNDX vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Standpoint Multi-Asset Fund Institutional (BLNDX) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.

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.

	BLNDX	COM	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.79	+0.61
Sortino ratio: Return per unit of downside risk	3.14	2.42	+0.73
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	5.89	2.76	+3.13
Martin ratio: Return relative to average drawdown	18.90	9.09	+9.81

BLNDX vs. COM - Sharpe Ratio Comparison

The current BLNDX Sharpe Ratio is 2.40, which is higher than the COM Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BLNDX and COM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLNDX vs. COM - Drawdown Comparison

The maximum BLNDX drawdown since its inception was -17.69%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for BLNDX and COM.

Drawdown Indicators

	BLNDX	COM	Difference
Max Drawdown Largest peak-to-trough decline	-17.69%	-15.95%	-1.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.19%	-6.81%	+1.62%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-8.50%	-9.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.69%	-14.02%	-3.67%
Current Drawdown Current decline from peak	-4.73%	-6.61%	+1.88%
Average Drawdown Average peak-to-trough decline	-3.19%	-6.28%	+3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.10%	-0.49%

Volatility

BLNDX vs. COM - Volatility Comparison

Standpoint Multi-Asset Fund Institutional (BLNDX) has a higher volatility of 3.59% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 2.13%. This indicates that BLNDX's price experiences larger fluctuations and is considered to be riskier than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLNDX	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.13%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	8.54%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	10.54%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.71%	9.53%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.77%	9.76%	+2.01%

BLNDX vs. COM - Expense Ratio Comparison

BLNDX has a 1.27% expense ratio, which is higher than COM's 0.70% expense ratio.

Dividends

BLNDX vs. COM - Dividend Comparison

BLNDX's dividend yield for the trailing twelve months is around 0.65%, less than COM's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLNDX Standpoint Multi-Asset Fund Institutional	0.65%	0.73%	5.74%	3.71%	2.67%	6.11%	1.21%	0.00%	0.00%	0.00%
COM Direxion Auspice Broad Commodity Strategy ETF	2.51%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%

Frequently Asked Questions

Can I hold both BLNDX and COM in my portfolio?

BLNDX and COM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLNDX or COM?

BLNDX has higher volatility (3.59%) compared to COM (2.13%). In terms of maximum drawdown, BLNDX dropped -17.69% vs COM's -15.95%.

Which has better risk-adjusted returns?

BLNDX currently has the higher Sharpe Ratio (2.40 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.