CMDY vs. QQQ
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CMDY returned 9.18%/yr vs 16.01%/yr for QQQ. At a 0.20 correlation, their price movements are largely independent. CMDY charges 0.28%/yr vs 0.18%/yr for QQQ.
Performance
CMDY vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 14.22% return, which is significantly lower than QQQ's 16.45% return.
CMDY
- 1D
- -1.43%
- 1M
- -9.33%
- YTD
- 14.22%
- 6M
- 12.70%
- 1Y
- 21.95%
- 3Y*
- 11.39%
- 5Y*
- 9.18%
- 10Y*
- —
QQQ
- 1D
- -3.29%
- 1M
- -0.43%
- YTD
- 16.45%
- 6M
- 14.99%
- 1Y
- 34.88%
- 3Y*
- 26.05%
- 5Y*
- 16.01%
- 10Y*
- 22.07%
CMDY vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 14.22% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.13% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -2.77% |
Correlation
The correlation between CMDY and QQQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.20 |
The correlation between CMDY and QQQ shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMDY vs. QQQ — Risk / Return Rank
CMDY
QQQ
CMDY vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.93 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.16 | 10.86 | -3.70 |
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Drawdowns
CMDY vs. QQQ - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CMDY and QQQ.
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Drawdown Indicators
| CMDY | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -82.97% | +51.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -11.96% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -22.77% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -35.12% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -12.56% | -4.25% | -8.31% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -32.73% | +19.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.22% | -0.13% |
Volatility
CMDY vs. QQQ - Volatility Comparison
The current volatility for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is 3.63%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that CMDY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 9.17% | -5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 14.57% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 17.96% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 22.69% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 22.42% | -7.79% |
CMDY vs. QQQ - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
CMDY vs. QQQ - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 11.29%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
CMDY and QQQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (9.17%) compared to CMDY (3.63%). In terms of maximum drawdown, CMDY dropped -31.19% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 16.01% vs 9.18% for CMDY. On fees, QQQ is cheaper at 0.18% per year. On volatility, CMDY has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQ has performed better with a 16.01% return vs 9.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.28% for CMDY.
CMDY has the higher dividend yield at 11.29%, compared with 0.43% for QQQ.
CMDY is categorized as Commodities, while QQQ is Nasdaq-100. CMDY tracks Bloomberg Roll Select Commodity Total Return Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.28% for CMDY and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.95 vs 1.36), 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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