CMDT vs. MFUS
CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. Both are passively managed. Over the past 3 years, CMDT returned 12.77%/yr vs 21.88%/yr for MFUS. At a 0.11 correlation, their price movements are largely independent. CMDT charges 0.65%/yr vs 0.30%/yr for MFUS.
Performance
CMDT vs. MFUS - Performance Comparison
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Returns By Period
In the year-to-date period, CMDT achieves a 13.43% return, which is significantly lower than MFUS's 17.10% return.
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
MFUS
- 1D
- -1.02%
- 1M
- 2.42%
- YTD
- 17.10%
- 6M
- 16.30%
- 1Y
- 27.79%
- 3Y*
- 21.88%
- 5Y*
- 13.08%
- 10Y*
- —
CMDT vs. MFUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 17.10% | 16.02% | 20.17% | 13.43% |
Correlation
The correlation between CMDT and MFUS is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.11 |
The correlation between CMDT and MFUS shifts across timeframes, from -0.02 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMDT vs. MFUS — Risk / Return Rank
CMDT
MFUS
CMDT vs. MFUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.
| CMDT | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 4.37 | -2.44 |
| Martin ratioReturn relative to average drawdown | 9.62 | 17.76 | -8.14 |
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Drawdowns
CMDT vs. MFUS - Drawdown Comparison
The maximum CMDT drawdown since its inception was -11.11%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for CMDT and MFUS.
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Drawdown Indicators
| CMDT | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -35.21% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -6.39% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -15.39% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | -11.11% | -1.05% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -3.98% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.57% | +0.68% |
Volatility
CMDT vs. MFUS - Volatility Comparison
The current volatility for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is 3.26%, while PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a volatility of 4.27%. This indicates that CMDT experiences smaller price fluctuations and is considered to be less risky than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDT | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.27% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 8.91% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.65% | 11.25% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.24% | 15.09% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.24% | 17.35% | -5.11% |
CMDT vs. MFUS - Expense Ratio Comparison
CMDT has a 0.65% expense ratio, which is higher than MFUS's 0.30% expense ratio.
Dividends
CMDT vs. MFUS - Dividend Comparison
CMDT's dividend yield for the trailing twelve months is around 2.67%, more than MFUS's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.35% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
Frequently Asked Questions
CMDT and MFUS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFUS has higher volatility (4.27%) compared to CMDT (3.26%). In terms of maximum drawdown, CMDT dropped -11.11% vs MFUS's -35.21%.
On 3-year performance, MFUS leads with 21.88% vs 12.77% for CMDT. On fees, MFUS is cheaper at 0.30% per year. On volatility, CMDT has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MFUS has performed better with a 21.88% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFUS is cheaper with a 0.30% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 1.35% for MFUS.
CMDT is categorized as Commodities, while MFUS is Large Cap Growth Equities. CMDT tracks Bloomberg Roll Select Commodity Total Return Index, while MFUS tracks RAFI Dynamic Multi-Factor U.S. Index. Their fees differ too: 0.65% for CMDT and 0.30% for MFUS.
MFUS currently has the higher Sharpe Ratio (2.49 vs 1.71), 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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