CMCI vs. TILL

Last updated Jun 24, 2026

CMCI (VanEck CMCI Commodity Strategy ETF) and TILL (Teucrium Agricultural Strategy No K-1 ETF) are both Commodities funds. CMCI is passively managed, while TILL is actively managed. Over the past year, CMCI returned 19.16% vs -3.91% for TILL. At a 0.49 correlation, their price movements are largely independent. CMCI charges 0.65%/yr vs 0.89%/yr for TILL.

Performance

CMCI vs. TILL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CMCI Commodity Strategy ETF (CMCI) and Teucrium Agricultural Strategy No K-1 ETF (TILL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMCI achieves a 15.08% return, which is significantly higher than TILL's 2.85% return.

CMCI

• 1D: -1.04%
• 1M: -6.48%
• YTD: 15.08%
• 6M: 14.93%
• 1Y: 19.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TILL

• 1D: -0.32%
• 1M: -7.52%
• YTD: 2.85%
• 6M: 1.90%
• 1Y: -3.91%
• 3Y*: -8.91%
• 5Y*: —
• 10Y*: —

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

CMCI vs. TILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	15.08%	7.90%	5.68%	-2.74%
TILL Teucrium Agricultural Strategy No K-1 ETF	2.85%	-5.97%	-13.98%	-2.05%

Correlation

The correlation between CMCI and TILL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.49

Return for Risk

CMCI vs. TILL — Risk / Return Rank

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

CMCI

CMCI Risk / Return Rank: 48
CMCI Sharpe Ratio Rank: 48
CMCI Sortino Ratio Rank: 48
CMCI Omega Ratio Rank: 47
CMCI Calmar Ratio Rank: 44
CMCI Martin Ratio Rank: 54

TILL

TILL Risk / Return Rank: 6
TILL Sharpe Ratio Rank: 6
TILL Sortino Ratio Rank: 6
TILL Omega Ratio Rank: 6
TILL Calmar Ratio Rank: 5
TILL Martin Ratio Rank: 5

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.

CMCI vs. TILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CMCI Commodity Strategy ETF (CMCI) and Teucrium Agricultural Strategy No K-1 ETF (TILL). 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.

	CMCI	TILL	Difference
Sharpe ratio: Return per unit of total volatility	1.57	-0.31	+1.89
Sortino ratio: Return per unit of downside risk	2.21	-0.37	+2.58
Omega ratio: Gain probability vs. loss probability	1.28	0.96	+0.32
Calmar ratio: Return relative to maximum drawdown	2.06	-0.41	+2.46
Martin ratio: Return relative to average drawdown	8.69	-0.80	+9.49

CMCI vs. TILL - Sharpe Ratio Comparison

The current CMCI Sharpe Ratio is 1.57, which is higher than the TILL Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of CMCI and TILL, 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

CMCI vs. TILL - Drawdown Comparison

The maximum CMCI drawdown since its inception was -11.54%, smaller than the maximum TILL drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for CMCI and TILL.

Drawdown Indicators

	CMCI	TILL	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-33.76%	+22.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.60%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.46%	—
Current Drawdown Current decline from peak	-9.36%	-30.98%	+21.62%
Average Drawdown Average peak-to-trough decline	-3.60%	-21.48%	+17.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	4.93%	-2.70%

Volatility

CMCI vs. TILL - Volatility Comparison

VanEck CMCI Commodity Strategy ETF (CMCI) and Teucrium Agricultural Strategy No K-1 ETF (TILL) have volatilities of 2.95% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCI	TILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.83%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	10.35%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	12.65%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	14.69%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.60%	14.69%	-2.09%

CMCI vs. TILL - Expense Ratio Comparison

CMCI has a 0.65% expense ratio, which is lower than TILL's 0.89% expense ratio.

Dividends

CMCI vs. TILL - Dividend Comparison

CMCI's dividend yield for the trailing twelve months is around 8.59%, more than TILL's 4.83% yield.

Position	TTM	2025	2024	2023	2022
CMCI VanEck CMCI Commodity Strategy ETF	8.59%	9.89%	3.93%	1.64%	0.00%
TILL Teucrium Agricultural Strategy No K-1 ETF	4.83%	4.97%	2.55%	51.24%	0.73%

Frequently Asked Questions

Can I hold both CMCI and TILL in my portfolio?

CMCI and TILL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMCI or TILL?

CMCI has higher volatility (2.95%) compared to TILL (2.83%). In terms of maximum drawdown, CMCI dropped -11.54% vs TILL's -33.76%.

Which ETF is better, CMCI or TILL?

On 1-year performance, CMCI leads with 19.16% vs -3.91% for TILL. On fees, CMCI is cheaper at 0.65% per year. On volatility, TILL has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CMCI or TILL?

Over the 1-year period, CMCI has performed better with a 19.16% return vs -3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CMCI or TILL?

CMCI is cheaper with a 0.65% expense ratio, compared with 0.89% for TILL.

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

CMCI has the higher dividend yield at 8.59%, compared with 4.83% for TILL.

What is the main difference between CMCI and TILL?

They also come from different issuers: VanEck and Teucrium. Their fees differ too: 0.65% for CMCI and 0.89% for TILL.

Which has better risk-adjusted returns?

CMCI currently has the higher Sharpe Ratio (1.57 vs -0.31), 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.