CMDY vs. GLDM
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and SPDR Gold MiniShares Trust (GLDM).
CMDY and GLDM 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. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both CMDY and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CMDY vs. GLDM - Performance Comparison
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CMDY vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.23% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -9.98% |
GLDM SPDR Gold MiniShares Trust | 10.46% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Returns By Period
In the year-to-date period, CMDY achieves a 21.23% return, which is significantly higher than GLDM's 10.46% return.
CMDY
- 1D
- -0.54%
- 1M
- 6.54%
- YTD
- 21.23%
- 6M
- 26.39%
- 1Y
- 28.68%
- 3Y*
- 12.40%
- 5Y*
- 12.67%
- 10Y*
- —
GLDM
- 1D
- 1.74%
- 1M
- -10.65%
- YTD
- 10.46%
- 6M
- 23.17%
- 1Y
- 52.61%
- 3Y*
- 34.09%
- 5Y*
- 22.33%
- 10Y*
- —
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CMDY vs. GLDM - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Return for Risk
CMDY vs. GLDM — Risk / Return Rank
CMDY
GLDM
CMDY vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.92 | -0.16 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.35 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.74 | +0.27 |
Martin ratioReturn relative to average drawdown | 9.38 | 10.04 | -0.66 |
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 | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.92 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.27 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.11 | -0.56 |
Correlation
The correlation between CMDY and GLDM is 0.40, 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.
Dividends
CMDY vs. GLDM - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.64%, while GLDM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.64% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMDY vs. GLDM - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for CMDY and GLDM.
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Drawdown Indicators
| CMDY | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -21.63% | -9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -19.14% | +9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -20.92% | -5.64% |
Current DrawdownCurrent decline from peak | -0.97% | -11.68% | +10.71% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -6.05% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 5.22% | -2.16% |
Volatility
CMDY vs. GLDM - Volatility Comparison
The current volatility for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is 6.76%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 10.44%. This indicates that CMDY experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 10.44% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 24.12% | -11.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 27.58% | -11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 17.65% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 16.78% | -2.24% |