CCRV vs. ASFYX

Last updated Jun 9, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while ASFYX is a Systematic Trend fund managed by BlackRock. At a 0.20 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 1.47%/yr for ASFYX.

Performance

CCRV vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASFYX

• 1D: -2.15%
• 1M: -1.25%
• YTD: 11.89%
• 6M: 14.79%
• 1Y: 22.46%
• 3Y*: -2.50%
• 5Y*: 2.23%
• 10Y*: 2.62%

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

CCRV vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	11.89%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	5.16%

Correlation

The correlation between CCRV and ASFYX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.20

The correlation between CCRV and ASFYX shifts across timeframes, from -0.03 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. ASFYX — Risk / Return Rank

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

ASFYX

ASFYX Risk / Return Rank: 60
ASFYX Sharpe Ratio Rank: 44
ASFYX Sortino Ratio Rank: 39
ASFYX Omega Ratio Rank: 42
ASFYX Calmar Ratio Rank: 89
ASFYX Martin Ratio Rank: 85

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.

CCRV vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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

	CCRV	ASFYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.33	—

Drawdowns

Drawdown Indicators

	CCRV	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.43%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.43%	—
Current Drawdown Current decline from peak	—	-20.61%	—
Average Drawdown Average peak-to-trough decline	—	-13.18%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.48%	—

Volatility

Volatility by Period

	CCRV	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.79%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.73%	—

CCRV vs. ASFYX - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is lower than ASFYX's 1.47% expense ratio.

Dividends

CCRV vs. ASFYX - Dividend Comparison

CCRV has not paid dividends to shareholders, while ASFYX's dividend yield for the trailing twelve months is around 1.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.36%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CCRV and ASFYX in my portfolio?

CCRV and ASFYX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.