CMDY vs. VCIT
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, CMDY returned 9.88%/yr vs 1.04%/yr for VCIT. At a 0.02 correlation, their price movements are largely independent. CMDY charges 0.28%/yr vs 0.03%/yr for VCIT.
Performance
CMDY vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, CMDY achieves a 21.76% return, which is significantly higher than VCIT's -0.26% return.
CMDY
- 1D
- 0.27%
- 1M
- -3.10%
- YTD
- 21.76%
- 6M
- 21.83%
- 1Y
- 31.65%
- 3Y*
- 14.14%
- 5Y*
- 9.88%
- 10Y*
- —
VCIT
- 1D
- -0.01%
- 1M
- -0.79%
- YTD
- -0.26%
- 6M
- 0.06%
- 1Y
- 5.98%
- 3Y*
- 6.04%
- 5Y*
- 1.04%
- 10Y*
- 2.85%
CMDY vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.76% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.11% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.26% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | 0.93% |
Correlation
The correlation between CMDY and VCIT is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018 | 0.02 |
The correlation between CMDY and VCIT shifts across timeframes, from -0.23 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMDY vs. VCIT — Risk / Return Rank
CMDY
VCIT
CMDY vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.03 | +2.08 |
| Martin ratioReturn relative to average drawdown | 11.95 | 6.67 | +5.28 |
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 | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.48 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.16 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.75 | -0.22 |
Drawdowns
CMDY vs. VCIT - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for CMDY and VCIT.
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Drawdown Indicators
| CMDY | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -20.56% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -2.96% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -6.11% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -20.56% | -6.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -6.78% | -1.79% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -3.16% | -9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.90% | +1.76% |
Volatility
CMDY vs. VCIT - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 5.12% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.39%. This indicates that CMDY's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDY | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 1.39% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 3.10% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 4.07% | +12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 6.61% | +9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 6.28% | +8.37% |
CMDY vs. VCIT - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
CMDY vs. VCIT - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 10.59%, more than VCIT's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.59% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.82% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
CMDY and VCIT have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (5.12%) compared to VCIT (1.39%). In terms of maximum drawdown, CMDY dropped -31.19% vs VCIT's -20.56%.
On 5-year performance, CMDY leads with 9.88% vs 1.04% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.39%. 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 9.88% return vs 1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.28% for CMDY.
CMDY has the higher dividend yield at 10.59%, compared with 4.82% for VCIT.
CMDY is categorized as Commodities, while VCIT is Corporate Bonds. CMDY tracks Bloomberg Roll Select Commodity Total Return Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.28% for CMDY and 0.03% for VCIT.
CMDY currently has the higher Sharpe Ratio (1.96 vs 1.48), 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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