CMDY vs. BRLN
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while BRLN is a Bank Loan fund actively managed by BlackRock. CMDY is passively managed, while BRLN is actively managed. Over the past 3 years, CMDY returned 14.14%/yr vs 7.18%/yr for BRLN. At a 0.09 correlation, their price movements are largely independent. CMDY charges 0.28%/yr vs 0.55%/yr for BRLN.
Performance
CMDY vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 21.76% return, which is significantly higher than BRLN's 1.14% return.
CMDY
- 1D
- 0.27%
- 1M
- -3.10%
- YTD
- 21.76%
- 6M
- 21.83%
- 1Y
- 31.65%
- 3Y*
- 14.14%
- 5Y*
- 9.88%
- 10Y*
- —
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
CMDY vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.76% | 15.81% | 5.43% | -9.33% | -1.81% |
BRLN BlackRock Floating Rate Loan ETF | 1.14% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between CMDY and BRLN is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.09 |
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Return for Risk
CMDY vs. BRLN — Risk / Return Rank
CMDY
BRLN
CMDY vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and BlackRock Floating Rate Loan ETF (BRLN). 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.
| CMDY | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.41 | +1.70 |
| Martin ratioReturn relative to average drawdown | 11.95 | 9.32 | +2.62 |
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
| CMDY | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.54 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 2.16 | -1.62 |
Drawdowns
CMDY vs. BRLN - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for CMDY and BRLN.
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Drawdown Indicators
| CMDY | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -3.85% | -27.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -2.00% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -3.85% | -6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | — | — |
Current DrawdownCurrent decline from peak | -6.78% | -0.42% | -6.36% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -0.31% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.52% | +2.14% |
Volatility
CMDY vs. BRLN - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 5.12% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.11%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 1.11% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 2.34% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 3.14% | +13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 3.74% | +12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 3.74% | +10.91% |
CMDY vs. BRLN - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
CMDY vs. BRLN - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.59%, more than BRLN's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.37% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.59% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Frequently Asked Questions
CMDY and BRLN have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (5.12%) compared to BRLN (1.11%). In terms of maximum drawdown, CMDY dropped -31.19% vs BRLN's -3.85%.
On 3-year performance, CMDY leads with 14.14% vs 7.18% for BRLN. On fees, CMDY is cheaper at 0.28% per year. On volatility, BRLN has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDY has performed better with a 14.14% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.55% for BRLN.
CMDY has the higher dividend yield at 10.59%, compared with 6.37% for BRLN.
CMDY is categorized as Commodities, while BRLN is Bank Loan. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.28% for CMDY and 0.55% for BRLN.
CMDY currently has the higher Sharpe Ratio (1.96 vs 1.54), 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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