BTOT vs. CMCI

Last updated Jun 4, 2026

BTOT (iShares Total USD Fixed Income Market ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. Both are passively managed. At a correlation of -0.37, they often move in opposite directions. BTOT charges 0.09%/yr vs 0.65%/yr for CMCI.

Performance

BTOT vs. CMCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total USD Fixed Income Market ETF (BTOT) and VanEck CMCI Commodity Strategy ETF (CMCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTOT achieves a 0.39% return, which is significantly lower than CMCI's 23.01% return.

BTOT

• 1D: -0.21%
• 1M: 0.29%
• YTD: 0.39%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCI

• 1D: -0.31%
• 1M: -0.41%
• YTD: 23.01%
• 6M: 23.83%
• 1Y: 30.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTOT vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025
BTOT iShares Total USD Fixed Income Market ETF	0.39%	0.31%
CMCI VanEck CMCI Commodity Strategy ETF	23.01%	0.03%

Correlation

The correlation between BTOT and CMCI is -0.37, 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 (All Time) Calculated using the full available price history since Dec 12, 2025	-0.37

Return for Risk

BTOT vs. CMCI — Risk / Return Rank

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

CMCI

CMCI Risk / Return Rank: 81
CMCI Sharpe Ratio Rank: 78
CMCI Sortino Ratio Rank: 76
CMCI Omega Ratio Rank: 77
CMCI Calmar Ratio Rank: 92
CMCI Martin Ratio Rank: 81

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.

BTOT vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BTOT	CMCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.94	-0.53

Drawdowns

BTOT vs. CMCI - Drawdown Comparison

The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum CMCI drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for BTOT and CMCI.

Drawdown Indicators

	BTOT	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-11.54%	+9.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.03%	—
Current Drawdown Current decline from peak	-1.18%	-3.12%	+1.94%
Average Drawdown Average peak-to-trough decline	-0.77%	-3.54%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	BTOT	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	12.19%	-8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	12.63%	-8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	12.63%	-8.93%

BTOT vs. CMCI - Expense Ratio Comparison

BTOT has a 0.09% expense ratio, which is lower than CMCI's 0.65% expense ratio.

Dividends

BTOT vs. CMCI - Dividend Comparison

BTOT's dividend yield for the trailing twelve months is around 2.13%, less than CMCI's 8.04% yield.

Position	TTM	2025	2024	2023
BTOT iShares Total USD Fixed Income Market ETF	2.13%	0.22%	0.00%	0.00%
CMCI VanEck CMCI Commodity Strategy ETF	8.04%	9.89%	3.93%	1.64%

Frequently Asked Questions

Can I hold both BTOT and CMCI in my portfolio?

BTOT and CMCI have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTOT or CMCI?

On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTOT or CMCI?

BTOT is cheaper with a 0.09% expense ratio, compared with 0.65% for CMCI.

Which ETF pays a higher dividend yield, BTOT or CMCI?

CMCI has the higher dividend yield at 8.04%, compared with 2.13% for BTOT.

What is the main difference between BTOT and CMCI?

BTOT is categorized as Total Bond Market, while CMCI is Commodities. BTOT tracks Bloomberg US Total Fixed Income Market Index, while CMCI tracks UBS Bloomberg CMCI Composite Total Return Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.09% for BTOT and 0.65% for CMCI.