CMDY vs. CCRV
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both Commodities funds from iShares - CMDY tracks the Bloomberg Roll Select Commodity Total Return Index while CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. CMDY charges 0.28%/yr vs 0.40%/yr for CCRV.
Performance
CMDY vs. CCRV - Performance Comparison
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Returns By Period
CMDY
- 1D
- -0.08%
- 1M
- 6.88%
- 6M
- 9.23%
- YTD
- 20.84%
- 1Y
- 32.95%
- 3Y*
- 11.76%
- 5Y*
- 9.67%
- 10Y*
- —
- ALL TIME*
- 7.51%
CCRV
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.92M | $4.03M |
CMDY vs. CCRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 20.84% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 6.76% |
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
Correlation
The correlation between CMDY and CCRV is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | 0.70 |
Over the past year, the correlation between CMDY and CCRV has dropped to 0.02 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
CMDY vs. CCRV — Risk / Return Rank
CMDY
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMDY vs. CCRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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 | CCRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 7.40 | — | — |
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Drawdowns
CMDY vs. CCRV - Drawdown Comparison
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Drawdown Indicators
| CMDY | CCRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -14.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | — | — |
Average DrawdownAverage peak-to-trough decline | -13.07% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | — | — |
Volatility
CMDY vs. CCRV - Volatility Comparison
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Volatility by Period
| CMDY | CCRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | — | — |
CMDY vs. CCRV - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than CCRV's 0.40% expense ratio.
Dividends
CMDY vs. CCRV - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.67%, while CCRV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.67% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Frequently Asked Questions
CMDY and CCRV 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.
On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.40% for CCRV.
CMDY has the higher dividend yield at 10.67%, compared with 0.00% for CCRV.
CMDY tracks Bloomberg Roll Select Commodity Total Return Index, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. Their fees differ too: 0.28% for CMDY and 0.40% for CCRV.
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