CMCI vs. COM
Compare and contrast key facts about VanEck CMCI Commodity Strategy ETF (CMCI) and Direxion Auspice Broad Commodity Strategy ETF (COM).
CMCI and COM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMCI is a passively managed fund by VanEck that tracks the performance of the UBS Bloomberg CMCI Composite Total Return Index. It was launched on Aug 21, 2023. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. Both CMCI and COM 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
CMCI vs. COM - Performance Comparison
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CMCI vs. COM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMCI VanEck CMCI Commodity Strategy ETF | 16.28% | 7.90% | 5.68% | -2.87% |
COM Direxion Auspice Broad Commodity Strategy ETF | 13.56% | 7.72% | 5.81% | -4.06% |
Returns By Period
In the year-to-date period, CMCI achieves a 16.28% return, which is significantly higher than COM's 13.56% return.
CMCI
- 1D
- 0.25%
- 1M
- 6.95%
- YTD
- 16.28%
- 6M
- 19.48%
- 1Y
- 18.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COM
- 1D
- 0.12%
- 1M
- 4.71%
- YTD
- 13.56%
- 6M
- 17.91%
- 1Y
- 16.66%
- 3Y*
- 6.68%
- 5Y*
- 10.04%
- 10Y*
- —
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CMCI vs. COM - Expense Ratio Comparison
CMCI has a 0.65% expense ratio, which is lower than COM's 0.70% expense ratio.
Return for Risk
CMCI vs. COM — Risk / Return Rank
CMCI
COM
CMCI vs. COM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CMCI Commodity Strategy ETF (CMCI) 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.
| CMCI | COM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.61 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.12 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.76 | -0.73 |
Martin ratioReturn relative to average drawdown | 6.93 | 5.94 | +0.99 |
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
| CMCI | COM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.61 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.72 | +0.09 |
Correlation
The correlation between CMCI and COM is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CMCI vs. COM - Dividend Comparison
CMCI's dividend yield for the trailing twelve months is around 8.50%, more than COM's 2.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMCI VanEck CMCI Commodity Strategy ETF | 8.50% | 9.89% | 3.93% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COM Direxion Auspice Broad Commodity Strategy ETF | 2.49% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
Drawdowns
CMCI vs. COM - Drawdown Comparison
The maximum CMCI drawdown since its inception was -11.54%, smaller than the maximum COM drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for CMCI and COM.
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Drawdown Indicators
| CMCI | COM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.54% | -15.95% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -4.33% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.02% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.17% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -6.37% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.86% | -0.05% |
Volatility
CMCI vs. COM - Volatility Comparison
VanEck CMCI Commodity Strategy ETF (CMCI) has a higher volatility of 4.79% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 3.84%. This indicates that CMCI'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.
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Volatility by Period
| CMCI | COM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.84% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 8.25% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 10.37% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 9.71% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 9.75% | +2.86% |