CMDT vs. CDX
Compare and contrast key facts about PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
CMDT and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDT is a passively managed fund by PIMCO that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on May 9, 2023. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMDT or CDX.
Correlation
The correlation between CMDT and CDX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CMDT vs. CDX - Performance Comparison
Key characteristics
CMDT:
0.34
CDX:
1.50
CMDT:
0.87
CDX:
2.10
CMDT:
1.16
CDX:
1.26
CMDT:
0.33
CDX:
3.29
CMDT:
3.12
CDX:
9.82
CMDT:
5.55%
CDX:
1.05%
CMDT:
50.32%
CDX:
6.94%
CMDT:
-56.29%
CDX:
-13.24%
CMDT:
-42.65%
CDX:
-0.13%
Returns By Period
In the year-to-date period, CMDT achieves a 7.91% return, which is significantly higher than CDX's 3.58% return.
CMDT
7.91%
9.09%
16.83%
18.19%
-2.85%
-2.69%
CDX
3.58%
1.45%
2.64%
9.92%
N/A
N/A
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CMDT vs. CDX - Expense Ratio Comparison
CMDT has a 0.65% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
CMDT vs. CDX — Risk-Adjusted Performance Rank
CMDT
CDX
CMDT vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and Simplify High Yield PLUS Credit Hedge ETF (CDX). 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.
Dividends
CMDT vs. CDX - Dividend Comparison
CMDT's dividend yield for the trailing twelve months is around 7.83%, less than CDX's 11.97% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 7.83% | 8.45% | 2.71% | 0.00% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 11.97% | 12.60% | 5.26% | 7.51% |
Drawdowns
CMDT vs. CDX - Drawdown Comparison
The maximum CMDT drawdown since its inception was -56.29%, which is greater than CDX's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CMDT and CDX. For additional features, visit the drawdowns tool.
Volatility
CMDT vs. CDX - Volatility Comparison
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a higher volatility of 35.17% compared to Simplify High Yield PLUS Credit Hedge ETF (CDX) at 1.93%. This indicates that CMDT's price experiences larger fluctuations and is considered to be riskier than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.