COM vs. CMDT
COM (Direxion Auspice Broad Commodity Strategy ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both Commodities funds - COM tracks the Auspice Broad Commodity ER Index while CMDT tracks the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, COM returned 8.10%/yr vs 11.80%/yr for CMDT. Their 0.73 correlation means they have sometimes moved together and sometimes differently. COM charges 0.70%/yr vs 0.65%/yr for CMDT.
Performance
COM vs. CMDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COM achieves a 15.98% return, which is significantly lower than CMDT's 18.51% return.
COM
- 1D
- -0.01%
- 1M
- 3.62%
- 6M
- 12.15%
- YTD
- 15.98%
- 1Y
- 25.71%
- 3Y*
- 8.10%
- 5Y*
- 8.38%
- 10Y*
- —
- ALL TIME*
- 7.03%
CMDT
- 1D
- -0.74%
- 1M
- 6.05%
- 6M
- 15.17%
- YTD
- 18.51%
- 1Y
- 27.48%
- 3Y*
- 11.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.96M | $1.73M | $2.38M | |
| $1.46M | $1.65M | $5.10M |
COM vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 15.98% | 7.72% | 5.81% | -8.55% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 18.51% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between COM and CMDT is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.73 |
The correlation between COM and CMDT has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COM vs. CMDT — Risk / Return Rank
COM
CMDT
COM vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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 | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.09 | +1.30 |
| Martin ratioReturn relative to average drawdown | 10.17 | 7.34 | +2.83 |
Loading charts...
Drawdowns
COM vs. CMDT - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for COM and CMDT.
Loading charts...
Drawdown Indicators
| COM | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -13.23% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -13.23% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -13.23% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -7.13% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -6.26% | -2.98% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.76% | -1.22% |
Volatility
COM vs. CMDT - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.00%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 4.11%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COM | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 4.11% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 11.14% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.08% | 13.12% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 12.36% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 12.36% | -2.63% |
COM vs. CMDT - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
COM vs. CMDT - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.51%, less than CMDT's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.60% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COM Direxion Auspice Broad Commodity Strategy ETF | 2.51% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
Frequently Asked Questions
COM and CMDT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (4.11%) compared to COM (2.00%). In terms of maximum drawdown, COM dropped -15.95% vs CMDT's -13.23%.
On 3-year performance, CMDT leads with 11.80% vs 8.10% for COM. On fees, CMDT is cheaper at 0.65% per year. On volatility, COM has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDT has performed better with a 11.80% return vs 8.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.70% for COM.
CMDT has the higher dividend yield at 2.60%, compared with 2.51% for COM.
COM tracks Auspice Broad Commodity ER Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Direxion and PIMCO. Their fees differ too: 0.70% for COM and 0.65% for CMDT.
COM currently has the higher Sharpe Ratio (2.57 vs 2.11), 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.
Find the right allocation for COM and CMDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer