CMDT vs. TILL

Last updated Jun 24, 2026

CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) and TILL (Teucrium Agricultural Strategy No K-1 ETF) are both Commodities funds. CMDT is passively managed, while TILL is actively managed. Over the past 3 years, CMDT returned 12.77%/yr vs -8.91%/yr for TILL. At a 0.38 correlation, their price movements are largely independent. CMDT charges 0.65%/yr vs 0.89%/yr for TILL.

Performance

CMDT vs. TILL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) 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, CMDT achieves a 13.43% return, which is significantly higher than TILL's 2.85% return.

CMDT

• 1D: -1.14%
• 1M: -8.86%
• YTD: 13.43%
• 6M: 13.42%
• 1Y: 21.34%
• 3Y*: 12.77%
• 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)

CMDT vs. TILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	13.43%	12.78%	6.93%	5.37%
TILL Teucrium Agricultural Strategy No K-1 ETF	2.85%	-5.97%	-13.98%	-3.60%

Correlation

The correlation between CMDT and TILL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.38

Return for Risk

CMDT vs. TILL — Risk / Return Rank

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

CMDT

CMDT Risk / Return Rank: 50
CMDT Sharpe Ratio Rank: 53
CMDT Sortino Ratio Rank: 52
CMDT Omega Ratio Rank: 48
CMDT Calmar Ratio Rank: 41
CMDT Martin Ratio Rank: 58

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.

CMDT vs. TILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) 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.

	CMDT	TILL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	-0.31	+2.02
Sortino ratio: Return per unit of downside risk	2.39	-0.37	+2.76
Omega ratio: Gain probability vs. loss probability	1.29	0.96	+0.33
Calmar ratio: Return relative to maximum drawdown	1.93	-0.41	+2.34
Martin ratio: Return relative to average drawdown	9.62	-0.80	+10.42

CMDT vs. TILL - Sharpe Ratio Comparison

The current CMDT Sharpe Ratio is 1.71, which is higher than the TILL Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of CMDT 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

CMDT vs. TILL - Drawdown Comparison

The maximum CMDT drawdown since its inception was -11.11%, smaller than the maximum TILL drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for CMDT and TILL.

Drawdown Indicators

	CMDT	TILL	Difference
Max Drawdown Largest peak-to-trough decline	-11.11%	-33.76%	+22.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-9.60%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.11%	-29.46%	+18.35%
Current Drawdown Current decline from peak	-11.11%	-30.98%	+19.87%
Average Drawdown Average peak-to-trough decline	-2.77%	-21.48%	+18.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	4.93%	-2.68%

Volatility

CMDT vs. TILL - Volatility Comparison

PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a higher volatility of 3.26% compared to Teucrium Agricultural Strategy No K-1 ETF (TILL) at 2.83%. This indicates that CMDT's price experiences larger fluctuations and is considered to be riskier than TILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMDT	TILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	2.83%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	10.35%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	12.65%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.24%	14.69%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.24%	14.69%	-2.45%

CMDT vs. TILL - Expense Ratio Comparison

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

Dividends

CMDT vs. TILL - Dividend Comparison

CMDT's dividend yield for the trailing twelve months is around 2.67%, less than TILL's 4.83% yield.

Position	TTM	2025	2024	2023	2022
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.67%	3.04%	8.80%	2.71%	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 CMDT and TILL in my portfolio?

CMDT and TILL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMDT or TILL?

CMDT has higher volatility (3.26%) compared to TILL (2.83%). In terms of maximum drawdown, CMDT dropped -11.11% vs TILL's -33.76%.

Which ETF is better, CMDT or TILL?

On 3-year performance, CMDT leads with 12.77% vs -8.91% for TILL. On fees, CMDT 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, CMDT or TILL?

Over the 3-year period, CMDT has performed better with a 12.77% return vs -8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CMDT or TILL?

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

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

TILL has the higher dividend yield at 4.83%, compared with 2.67% for CMDT.

What is the main difference between CMDT and TILL?

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

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (1.71 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.