CMDY vs. DIVO
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
CMDY and DIVO 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. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMDY or DIVO.
Key characteristics
| CMDY | DIVO | |
|---|---|---|
| YTD Return | 4.03% | 4.76% |
| 1Y Return | 3.25% | 11.54% |
| 3Y Return (Ann) | 5.65% | 7.10% |
| 5Y Return (Ann) | 7.11% | 11.05% |
| Sharpe Ratio | 0.24 | 1.28 |
| Daily Std Dev | 10.72% | 8.21% |
| Max Drawdown | -31.20% | -30.04% |
| Current Drawdown | -20.95% | -2.70% |
Correlation
The correlation between CMDY and DIVO is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CMDY vs. DIVO - Performance Comparison
In the year-to-date period, CMDY achieves a 4.03% return, which is significantly lower than DIVO's 4.76% 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. DIVO - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
CMDY vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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. DIVO - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 4.90%, more than DIVO's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 4.90% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.64% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% |
Drawdowns
CMDY vs. DIVO - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.20%, roughly equal to the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for CMDY and DIVO. For additional features, visit the drawdowns tool.
Volatility
CMDY vs. DIVO - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 2.56% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.35%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.