COM vs. BLNDX

Last updated Jun 24, 2026

COM (Direxion Auspice Broad Commodity Strategy ETF) and BLNDX (Standpoint Multi-Asset Fund Institutional) are both funds - COM is a Commodities fund tracking the Auspice Broad Commodity ER Index, while BLNDX is a Diversified Portfolio fund managed by Ultimus Fund. Over the past 5 years, COM returned 7.89%/yr vs 8.87%/yr for BLNDX. At a 0.40 correlation, their price movements are largely independent. COM charges 0.70%/yr vs 1.27%/yr for BLNDX.

Performance

COM vs. BLNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Auspice Broad Commodity Strategy ETF (COM) and Standpoint Multi-Asset Fund Institutional (BLNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COM achieves a 11.12% return, which is significantly lower than BLNDX's 12.91% return.

COM

• 1D: -1.21%
• 1M: -5.08%
• YTD: 11.12%
• 6M: 10.20%
• 1Y: 18.87%
• 3Y*: 6.27%
• 5Y*: 7.89%
• 10Y*: —

BLNDX

• 1D: 0.00%
• 1M: -3.47%
• YTD: 12.91%
• 6M: 12.08%
• 1Y: 30.52%
• 3Y*: 10.72%
• 5Y*: 8.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COM vs. BLNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
COM Direxion Auspice Broad Commodity Strategy ETF	11.12%	7.72%	5.81%	-2.09%	9.17%	28.00%	6.63%	-0.39%
BLNDX Standpoint Multi-Asset Fund Institutional	12.91%	4.12%	13.11%	5.79%	3.71%	20.16%	16.30%	0.00%

Correlation

The correlation between COM and BLNDX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.40

The correlation between COM and BLNDX shifts across timeframes, from 0.40 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

COM vs. BLNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COM

COM Risk / Return Rank: 54
COM Sharpe Ratio Rank: 56
COM Sortino Ratio Rank: 53
COM Omega Ratio Rank: 57
COM Calmar Ratio Rank: 52
COM Martin Ratio Rank: 54

BLNDX

BLNDX Risk / Return Rank: 82
BLNDX Sharpe Ratio Rank: 81
BLNDX Sortino Ratio Rank: 71
BLNDX Omega Ratio Rank: 70
BLNDX Calmar Ratio Rank: 96
BLNDX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COM vs. BLNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and Standpoint Multi-Asset Fund Institutional (BLNDX). 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.

	COM	BLNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.44	-0.64
Sortino ratio: Return per unit of downside risk	2.45	3.19	-0.74
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.45	5.99	-3.54
Martin ratio: Return relative to average drawdown	8.97	18.90	-9.93

COM vs. BLNDX - Sharpe Ratio Comparison

The current COM Sharpe Ratio is 1.81, which is comparable to the BLNDX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of COM and BLNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COM vs. BLNDX - Drawdown Comparison

The maximum COM drawdown since its inception was -15.95%, smaller than the maximum BLNDX drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for COM and BLNDX.

Drawdown Indicators

	COM	BLNDX	Difference
Max Drawdown Largest peak-to-trough decline	-15.95%	-17.69%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-5.19%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	-17.69%	+9.19%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	-17.69%	+3.67%
Current Drawdown Current decline from peak	-7.74%	-4.73%	-3.01%
Average Drawdown Average peak-to-trough decline	-6.28%	-3.19%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.64%	+0.48%

Volatility

COM vs. BLNDX - Volatility Comparison

The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.26%, while Standpoint Multi-Asset Fund Institutional (BLNDX) has a volatility of 3.56%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than BLNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COM	BLNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	3.56%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	9.89%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.59%	12.75%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.55%	11.70%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	11.77%	-2.00%

COM vs. BLNDX - Expense Ratio Comparison

COM has a 0.70% expense ratio, which is lower than BLNDX's 1.27% expense ratio.

Dividends

COM vs. BLNDX - Dividend Comparison

COM's dividend yield for the trailing twelve months is around 2.55%, more than BLNDX's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLNDX Standpoint Multi-Asset Fund Institutional	0.65%	0.73%	5.74%	3.71%	2.67%	6.11%	1.21%	0.00%	0.00%	0.00%
COM Direxion Auspice Broad Commodity Strategy ETF	2.55%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%

Frequently Asked Questions

Can I hold both COM and BLNDX in my portfolio?

COM and BLNDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COM or BLNDX?

BLNDX has higher volatility (3.56%) compared to COM (2.26%). In terms of maximum drawdown, COM dropped -15.95% vs BLNDX's -17.69%.

Which has better risk-adjusted returns?

BLNDX currently has the higher Sharpe Ratio (2.44 vs 1.81), 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.