BSCX vs. CMDT
BSCX (Invesco BulletShares 2033 Corporate Bond ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - BSCX is a Corporate Bonds fund tracking the Invesco BulletShares USD Corporate Bond 2033 Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past year, BSCX returned 4.91% vs 21.34% for CMDT. At a correlation of -0.09, they often move in opposite directions. BSCX charges 0.10%/yr vs 0.65%/yr for CMDT.
Performance
BSCX vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, BSCX achieves a 0.19% return, which is significantly lower than CMDT's 13.43% return.
BSCX
- 1D
- 0.12%
- 1M
- 0.42%
- YTD
- 0.19%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
BSCX vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 0.19% | 9.31% | 1.73% | 7.88% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | -6.14% |
Correlation
The correlation between BSCX and CMDT is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | -0.09 |
The correlation between BSCX and CMDT shifts across timeframes, from -0.25 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSCX vs. CMDT — Risk / Return Rank
BSCX
CMDT
BSCX vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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.
| BSCX | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.93 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.19 | 9.62 | -4.43 |
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Drawdowns
BSCX vs. CMDT - Drawdown Comparison
The maximum BSCX drawdown since its inception was -5.13%, smaller than the maximum CMDT drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for BSCX and CMDT.
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Drawdown Indicators
| BSCX | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -11.11% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -11.11% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.11% | — |
Current DrawdownCurrent decline from peak | -1.38% | -11.11% | +9.73% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -2.77% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.25% | -1.30% |
Volatility
BSCX vs. CMDT - Volatility Comparison
The current volatility for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) is 1.14%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.26%. This indicates that BSCX experiences smaller price fluctuations and is considered to be less risky than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCX | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 3.26% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 10.60% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 12.65% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 12.24% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 12.24% | -6.19% |
BSCX vs. CMDT - Expense Ratio Comparison
BSCX has a 0.10% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
BSCX vs. CMDT - Dividend Comparison
BSCX's dividend yield for the trailing twelve months is around 4.89%, more than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 4.89% | 4.82% | 5.00% | 1.08% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% |
Frequently Asked Questions
BSCX and CMDT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.26%) compared to BSCX (1.14%). In terms of maximum drawdown, BSCX dropped -5.13% vs CMDT's -11.11%.
On 1-year performance, CMDT leads with 21.34% vs 4.91% for BSCX. On fees, BSCX is cheaper at 0.10% per year. On volatility, BSCX has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CMDT has performed better with a 21.34% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCX is cheaper with a 0.10% expense ratio, compared with 0.65% for CMDT.
BSCX has the higher dividend yield at 4.89%, compared with 2.67% for CMDT.
BSCX is categorized as Corporate Bonds, while CMDT is Commodities. BSCX tracks Invesco BulletShares USD Corporate Bond 2033 Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.10% for BSCX and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 1.21), 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.
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