CMDY vs. NUSA
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and NUSA (Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while NUSA is a Short-Term Bond fund tracking the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). Both are passively managed. Over the past 5 years, CMDY returned 9.67%/yr vs 1.48%/yr for NUSA. Their -0.03 correlation means they have often moved in opposite directions in the past. CMDY charges 0.28%/yr vs 0.15%/yr for NUSA.
Performance
CMDY vs. NUSA - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 20.84% return, which is significantly higher than NUSA's 0.48% return.
CMDY
- 1D
- -0.08%
- 1M
- 6.88%
- 6M
- 9.23%
- YTD
- 20.84%
- 1Y
- 32.95%
- 3Y*
- 11.76%
- 5Y*
- 9.67%
- 10Y*
- —
- ALL TIME*
- 7.51%
NUSA
- 1D
- -0.09%
- 1M
- -0.22%
- 6M
- 0.31%
- YTD
- 0.48%
- 1Y
- 2.32%
- 3Y*
- 4.41%
- 5Y*
- 1.48%
- 10Y*
- —
- ALL TIME*
- 2.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.92M | $4.03M | |
| $94.86K | $115.11K | $125.22K |
CMDY vs. NUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 20.84% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.13% |
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 0.48% | 5.89% | 3.52% | 5.19% | -5.91% | -1.04% | 4.85% | 5.62% | 1.92% |
Correlation
The correlation between CMDY and NUSA is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | -0.03 |
Over the past year, the inverse relationship between CMDY and NUSA has strengthened: their correlation has moved from -0.03 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CMDY vs. NUSA — Risk / Return Rank
CMDY
NUSA
CMDY vs. NUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA). 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 | NUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.27 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.40 | 7.31 | +0.09 |
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Drawdowns
CMDY vs. NUSA - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, which is greater than NUSA's maximum drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for CMDY and NUSA.
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Drawdown Indicators
| CMDY | NUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -9.44% | -21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.23% | -1.28% | -12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -1.62% | -12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -9.44% | -17.12% |
Current DrawdownCurrent decline from peak | -7.49% | -0.46% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -13.07% | -1.63% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 0.40% | +4.00% |
Volatility
CMDY vs. NUSA - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 4.00% compared to Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA) at 0.51%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than NUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | NUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 0.51% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 1.48% | +12.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 1.82% | +14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 2.81% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 2.71% | +11.93% |
CMDY vs. NUSA - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than NUSA's 0.15% expense ratio.
Dividends
CMDY vs. NUSA - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.67%, more than NUSA's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.67% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% |
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 3.57% | 3.83% | 3.93% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.20% |
Frequently Asked Questions
CMDY and NUSA have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (4.00%) compared to NUSA (0.51%). In terms of maximum drawdown, CMDY dropped -31.19% vs NUSA's -9.44%.
On 5-year performance, CMDY leads with 9.67% vs 1.48% for NUSA. On fees, NUSA is cheaper at 0.15% per year. On volatility, NUSA has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CMDY has performed better with a 9.67% return vs 1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUSA is cheaper with a 0.15% expense ratio, compared with 0.28% for CMDY.
CMDY has the higher dividend yield at 10.67%, compared with 3.57% for NUSA.
CMDY is categorized as Commodities, while NUSA is Short-Term Bond. CMDY tracks Bloomberg Roll Select Commodity Total Return Index, while NUSA tracks ICE BofA Enhanced Yield US Broad Bond (1-5 Y). They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.28% for CMDY and 0.15% for NUSA.
CMDY currently has the higher Sharpe Ratio (1.97 vs 1.60), 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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