CMDY vs. COM
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Direxion Auspice Broad Commodity Strategy ETF (COM).
CMDY and COM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. Both CMDY and COM 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: CMDY or COM.
Key characteristics
| CMDY | COM | |
|---|---|---|
| YTD Return | 4.45% | 4.90% |
| 1Y Return | 3.36% | -3.92% |
| 3Y Return (Ann) | 5.56% | 6.51% |
| 5Y Return (Ann) | 7.20% | 9.01% |
| Sharpe Ratio | 0.34 | -0.47 |
| Daily Std Dev | 10.71% | 7.15% |
| Max Drawdown | -31.20% | -15.95% |
| Current Drawdown | -20.63% | -8.63% |
Correlation
The correlation between CMDY and COM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMDY vs. COM - Performance Comparison
In the year-to-date period, CMDY achieves a 4.45% return, which is significantly lower than COM's 4.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMDY vs. COM - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than COM's 0.70% expense ratio.
Risk-Adjusted Performance
CMDY vs. COM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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
CMDY vs. COM - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 4.88%, more than COM's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 4.88% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% |
COM Direxion Auspice Broad Commodity Strategy ETF | 4.64% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
Drawdowns
CMDY vs. COM - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.20%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for CMDY and COM. For additional features, visit the drawdowns tool.
Volatility
CMDY vs. COM - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Direxion Auspice Broad Commodity Strategy ETF (COM) have volatilities of 2.59% and 2.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.