CMDY vs. PRA.TO
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Purpose Diversified Real Asset Fund (PRA.TO).
CMDY and PRA.TO 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.
Performance
CMDY vs. PRA.TO - Performance Comparison
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CMDY vs. PRA.TO - 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% | -11.11% |
PRA.TO Purpose Diversified Real Asset Fund | 21.95% | 23.87% | 0.19% | 4.39% | 8.13% | 24.46% | 7.16% | 19.86% | -11.16% |
Different Trading Currencies
CMDY is traded in USD, while PRA.TO is traded in CAD. To make them comparable, the PRA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CMDY having a 21.23% return and PRA.TO slightly higher at 21.95%.
CMDY
- 1D
- -0.54%
- 1M
- 6.54%
- YTD
- 21.23%
- 6M
- 26.39%
- 1Y
- 28.68%
- 3Y*
- 12.40%
- 5Y*
- 12.67%
- 10Y*
- —
PRA.TO
- 1D
- 0.06%
- 1M
- 1.43%
- YTD
- 21.95%
- 6M
- 27.94%
- 1Y
- 39.62%
- 3Y*
- 16.24%
- 5Y*
- 14.39%
- 10Y*
- 10.67%
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CMDY vs. PRA.TO - Expense Ratio Comparison
Return for Risk
CMDY vs. PRA.TO — Risk / Return Rank
CMDY
PRA.TO
CMDY vs. PRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Purpose Diversified Real Asset Fund (PRA.TO). 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 | PRA.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.54 | -0.78 |
Sortino ratioReturn per unit of downside risk | 2.31 | 3.12 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.32 | -0.32 |
Martin ratioReturn relative to average drawdown | 9.38 | 18.10 | -8.73 |
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 | PRA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.54 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.88 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.33 | +0.22 |
Correlation
The correlation between CMDY and PRA.TO is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMDY vs. PRA.TO - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.64%, more than PRA.TO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
PRA.TO Purpose Diversified Real Asset Fund | 2.10% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.55% | 1.64% | 2.09% |
Drawdowns
CMDY vs. PRA.TO - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, smaller than the maximum PRA.TO drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for CMDY and PRA.TO.
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Drawdown Indicators
| CMDY | PRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -34.43% | +3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -13.17% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -19.37% | -7.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.26% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.05% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -7.80% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.84% | +0.22% |
Volatility
CMDY vs. PRA.TO - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 6.76% compared to Purpose Diversified Real Asset Fund (PRA.TO) at 3.67%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than PRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | PRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 3.67% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 11.03% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 15.69% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 16.38% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 16.88% | -2.34% |