CMDT vs. FTGC
CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both Commodities funds. CMDT is passively managed, while FTGC is actively managed. Over the past 3 years, CMDT returned 16.90%/yr vs 18.13%/yr for FTGC. Their correlation of 0.89 suggests significant overlap in exposure. CMDT charges 0.65%/yr vs 0.95%/yr for FTGC.
Performance
CMDT vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, CMDT achieves a 23.96% return, which is significantly lower than FTGC's 27.15% return.
CMDT
- 1D
- -0.03%
- 1M
- -0.63%
- YTD
- 23.96%
- 6M
- 24.09%
- 1Y
- 35.85%
- 3Y*
- 16.90%
- 5Y*
- —
- 10Y*
- —
FTGC
- 1D
- -0.44%
- 1M
- -2.63%
- YTD
- 27.15%
- 6M
- 26.06%
- 1Y
- 41.32%
- 3Y*
- 18.13%
- 5Y*
- 13.08%
- 10Y*
- 7.77%
CMDT vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 23.96% | 12.78% | 6.93% | 5.50% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.15% | 14.61% | 9.96% | 0.45% |
Correlation
The correlation between CMDT and FTGC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.89 |
The correlation between CMDT and FTGC has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
CMDT vs. FTGC — Risk / Return Rank
CMDT
FTGC
CMDT vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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.
| CMDT | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.47 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 8.03 | 5.25 | +2.78 |
| Martin ratioReturn relative to average drawdown | 22.12 | 17.39 | +4.73 |
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
| CMDT | FTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 2.66 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.24 | +1.08 |
Drawdowns
CMDT vs. FTGC - Drawdown Comparison
The maximum CMDT drawdown since its inception was -9.69%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for CMDT and FTGC.
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Drawdown Indicators
| CMDT | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.69% | -59.47% | +49.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -7.91% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.69% | -10.39% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -2.86% | -4.65% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -27.42% | +24.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.38% | -0.75% |
Volatility
CMDT vs. FTGC - Volatility Comparison
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and First Trust Global Tactical Commodity Strategy Fund (FTGC) have volatilities of 4.33% and 4.50%, 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.
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Volatility by Period
| CMDT | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.50% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 13.15% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 15.59% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 16.00% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 14.71% | -2.50% |
CMDT vs. FTGC - Expense Ratio Comparison
CMDT has a 0.65% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
CMDT vs. FTGC - Dividend Comparison
CMDT's dividend yield for the trailing twelve months is around 2.44%, less than FTGC's 15.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.44% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.08% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
CMDT and FTGC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.50%) compared to CMDT (4.33%). In terms of maximum drawdown, CMDT dropped -9.69% vs FTGC's -59.47%.
On 3-year performance, FTGC leads with 18.13% vs 16.90% for CMDT. On fees, CMDT is cheaper at 0.65% per year. On volatility, CMDT has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTGC has performed better with a 18.13% return vs 16.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.08%, compared with 2.44% for CMDT.
They also come from different issuers: PIMCO and First Trust. Their fees differ too: 0.65% for CMDT and 0.95% for FTGC.
CMDT currently has the higher Sharpe Ratio (2.92 vs 2.66), 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.
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