CMDY vs. AVUV
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. CMDY is passively managed, while AVUV is actively managed. Over the past 5 years, CMDY returned 9.18%/yr vs 11.59%/yr for AVUV. At a 0.31 correlation, their price movements are largely independent. CMDY charges 0.28%/yr vs 0.25%/yr for AVUV.
Performance
CMDY vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 14.22% return, which is significantly lower than AVUV's 20.76% return.
CMDY
- 1D
- -1.43%
- 1M
- -9.33%
- YTD
- 14.22%
- 6M
- 12.70%
- 1Y
- 21.95%
- 3Y*
- 11.39%
- 5Y*
- 9.18%
- 10Y*
- —
AVUV
- 1D
- 0.00%
- 1M
- 2.33%
- YTD
- 20.76%
- 6M
- 18.72%
- 1Y
- 38.38%
- 3Y*
- 20.03%
- 5Y*
- 11.59%
- 10Y*
- —
CMDY vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 14.22% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 3.34% |
AVUV Avantis US Small Cap Value ETF | 20.76% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between CMDY and AVUV is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.31 |
Over the past year, the correlation between CMDY and AVUV has dropped to 0.06 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
CMDY vs. AVUV — Risk / Return Rank
CMDY
AVUV
CMDY vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Avantis US Small Cap Value ETF (AVUV). 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.
| CMDY | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 4.85 | -3.09 |
| Martin ratioReturn relative to average drawdown | 7.16 | 14.37 | -7.21 |
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Drawdowns
CMDY vs. AVUV - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for CMDY and AVUV.
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Drawdown Indicators
| CMDY | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -49.42% | +18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -7.95% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -28.79% | +16.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -28.79% | +2.23% |
Current DrawdownCurrent decline from peak | -12.56% | -1.61% | -10.95% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -7.89% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.68% | +0.41% |
Volatility
CMDY vs. AVUV - Volatility Comparison
The current volatility for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is 3.63%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.28%. This indicates that CMDY experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.28% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 11.39% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 17.63% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 22.65% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 28.22% | -13.59% |
CMDY vs. AVUV - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
CMDY vs. AVUV - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 11.29%, more than AVUV's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.63% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.29% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Frequently Asked Questions
CMDY and AVUV have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVUV has higher volatility (4.28%) compared to CMDY (3.63%). In terms of maximum drawdown, CMDY dropped -31.19% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 11.59% vs 9.18% for CMDY. On fees, AVUV is cheaper at 0.25% per year. On volatility, CMDY has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVUV has performed better with a 11.59% return vs 9.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.28% for CMDY.
CMDY has the higher dividend yield at 11.29%, compared with 1.63% for AVUV.
CMDY is categorized as Commodities, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.28% for CMDY and 0.25% for AVUV.
AVUV currently has the higher Sharpe Ratio (2.19 vs 1.36), 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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