CMDY vs. HDV
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and iShares Core High Dividend ETF (HDV).
CMDY and HDV 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. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both CMDY and HDV 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 HDV.
Performance
CMDY vs. HDV - Performance Comparison
Returns By Period
In the year-to-date period, CMDY achieves a 2.27% return, which is significantly lower than HDV's 19.24% return.
CMDY
2.27%
-2.14%
-6.21%
-0.06%
7.20%
N/A
HDV
19.24%
-0.80%
8.05%
25.58%
8.54%
8.23%
Key characteristics
| CMDY | HDV | |
|---|---|---|
| Sharpe Ratio | -0.11 | 2.72 |
| Sortino Ratio | -0.08 | 3.99 |
| Omega Ratio | 0.99 | 1.50 |
| Calmar Ratio | -0.05 | 4.44 |
| Martin Ratio | -0.25 | 20.20 |
| Ulcer Index | 4.81% | 1.30% |
| Daily Std Dev | 11.14% | 9.68% |
| Max Drawdown | -31.20% | -37.04% |
| Current Drawdown | -22.29% | -1.09% |
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CMDY vs. HDV - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than HDV's 0.08% expense ratio.
Correlation
The correlation between CMDY and HDV is 0.36, 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.
Risk-Adjusted Performance
CMDY vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and iShares Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 4.98%, more than HDV's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 4.98% | 5.09% | 3.98% | 16.09% | 0.14% | 2.21% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.35% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
CMDY vs. HDV - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.20%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CMDY and HDV. For additional features, visit the drawdowns tool.
Volatility
CMDY vs. HDV - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 3.63% compared to iShares Core High Dividend ETF (HDV) at 2.67%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.