CMDY vs. EDGH
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and EDGH (3EDGE Dynamic Hard Assets ETF) are both Commodities funds. CMDY is passively managed, while EDGH is actively managed. Over the past year, CMDY returned 21.95% vs 21.58% for EDGH. A 0.71 correlation means they provide meaningful diversification when combined. CMDY charges 0.28%/yr vs 1.01%/yr for EDGH.
Performance
CMDY vs. EDGH - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 14.22% return, which is significantly higher than EDGH's 5.36% return.
CMDY
- 1D
- -1.43%
- 1M
- -9.33%
- YTD
- 14.22%
- 6M
- 12.70%
- 1Y
- 21.95%
- 3Y*
- 11.39%
- 5Y*
- 9.18%
- 10Y*
- —
EDGH
- 1D
- -1.05%
- 1M
- -7.26%
- YTD
- 5.36%
- 6M
- 3.21%
- 1Y
- 21.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMDY vs. EDGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 14.22% | 15.81% | -2.15% |
EDGH 3EDGE Dynamic Hard Assets ETF | 5.36% | 28.98% | -1.97% |
Correlation
The correlation between CMDY and EDGH is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.71 |
The correlation between CMDY and EDGH has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
CMDY vs. EDGH — Risk / Return Rank
CMDY
EDGH
CMDY vs. EDGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and 3EDGE Dynamic Hard Assets ETF (EDGH). 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 | EDGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.00 | -0.25 |
| Martin ratioReturn relative to average drawdown | 7.16 | 5.80 | +1.36 |
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Drawdowns
CMDY vs. EDGH - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, which is greater than EDGH's maximum drawdown of -10.83%. Use the drawdown chart below to compare losses from any high point for CMDY and EDGH.
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Drawdown Indicators
| CMDY | EDGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -10.83% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -10.83% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | — | — |
Current DrawdownCurrent decline from peak | -12.56% | -10.83% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -2.23% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.74% | -0.65% |
Volatility
CMDY vs. EDGH - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 3.63% compared to 3EDGE Dynamic Hard Assets ETF (EDGH) at 3.41%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than EDGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | EDGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.41% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 15.10% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 18.02% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 15.59% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 15.59% | -0.96% |
CMDY vs. EDGH - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than EDGH's 1.01% expense ratio.
Dividends
CMDY vs. EDGH - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 11.29%, more than EDGH's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
EDGH 3EDGE Dynamic Hard Assets ETF | 1.12% | 1.18% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMDY and EDGH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (3.63%) compared to EDGH (3.41%). In terms of maximum drawdown, CMDY dropped -31.19% vs EDGH's -10.83%.
On 1-year performance, CMDY leads with 21.95% vs 21.58% for EDGH. On fees, CMDY is cheaper at 0.28% per year. On volatility, EDGH has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CMDY has performed better with a 21.95% return vs 21.58%. 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 1.01% for EDGH.
CMDY has the higher dividend yield at 11.29%, compared with 1.12% for EDGH.
They also come from different issuers: iShares and 3EDGE Asset Management. Their fees differ too: 0.28% for CMDY and 1.01% for EDGH.
CMDY currently has the higher Sharpe Ratio (1.36 vs 1.20), 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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