COM vs. CCRV

Last updated Jun 24, 2026

COM (Direxion Auspice Broad Commodity Strategy ETF) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both Commodities funds - COM tracks the Auspice Broad Commodity ER Index while CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. COM charges 0.70%/yr vs 0.40%/yr for CCRV.

Performance

COM vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Auspice Broad Commodity Strategy ETF (COM) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COM

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

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COM vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
COM Direxion Auspice Broad Commodity Strategy ETF	11.12%	7.72%	5.81%	-2.09%	9.17%	28.00%	9.64%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%

Correlation

The correlation between COM and CCRV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.61

Over the past year, the correlation between COM and CCRV has dropped to 0.19 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

COM vs. CCRV — 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

CCRV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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	CCRV	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.45	—	—
Martin ratio: Return relative to average drawdown	8.97	—	—

Drawdowns

Drawdown Indicators

	COM	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-15.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	—	—
Current Drawdown Current decline from peak	-7.74%	—	—
Average Drawdown Average peak-to-trough decline	-6.28%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	—	—

Volatility

Volatility by Period

	COM	CCRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	—	—

COM vs. CCRV - Expense Ratio Comparison

COM has a 0.70% expense ratio, which is higher than CCRV's 0.40% expense ratio.

Dividends

COM vs. CCRV - Dividend Comparison

COM's dividend yield for the trailing twelve months is around 2.55%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	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 CCRV in my portfolio?

COM and CCRV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COM or CCRV?

On fees, CCRV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COM or CCRV?

CCRV is cheaper with a 0.40% expense ratio, compared with 0.70% for COM.

Which ETF pays a higher dividend yield, COM or CCRV?

COM has the higher dividend yield at 2.55%, compared with 0.00% for CCRV.

What is the main difference between COM and CCRV?

COM tracks Auspice Broad Commodity ER Index, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.70% for COM and 0.40% for CCRV.