CMDT vs. TLT
Compare and contrast key facts about PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and iShares 20+ Year Treasury Bond ETF (TLT).
CMDT and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both CMDT and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMDT or TLT.
Correlation
The correlation between CMDT and TLT is -0.07. 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. TLT - Performance Comparison
Key characteristics
CMDT:
0.34
TLT:
-0.11
CMDT:
0.87
TLT:
-0.06
CMDT:
1.16
TLT:
0.99
CMDT:
0.33
TLT:
-0.03
CMDT:
3.12
TLT:
-0.23
CMDT:
5.55%
TLT:
6.79%
CMDT:
50.32%
TLT:
13.76%
CMDT:
-56.29%
TLT:
-48.35%
CMDT:
-42.65%
TLT:
-41.92%
Returns By Period
In the year-to-date period, CMDT achieves a 7.91% return, which is significantly higher than TLT's 1.37% return. Over the past 10 years, CMDT has underperformed TLT with an annualized return of -2.69%, while TLT has yielded a comparatively higher -1.07% annualized return.
CMDT
7.91%
9.09%
16.83%
18.19%
-2.85%
-2.69%
TLT
1.37%
1.53%
-8.79%
-1.05%
-7.50%
-1.07%
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CMDT vs. TLT - Expense Ratio Comparison
CMDT has a 0.65% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
CMDT vs. TLT — Risk-Adjusted Performance Rank
CMDT
TLT
CMDT vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
CMDT's dividend yield for the trailing twelve months is around 7.83%, more than TLT's 4.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 7.83% | 8.45% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.26% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
CMDT vs. TLT - Drawdown Comparison
The maximum CMDT drawdown since its inception was -56.29%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CMDT and TLT. For additional features, visit the drawdowns tool.
Volatility
CMDT vs. TLT - Volatility Comparison
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a higher volatility of 35.17% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.89%. This indicates that CMDT's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.