COM vs. CMDY
COM (Direxion Auspice Broad Commodity Strategy ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both Commodities funds - COM tracks the Auspice Broad Commodity ER Index while CMDY tracks the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 5 years, COM returned 8.18%/yr vs 9.37%/yr for CMDY. A 0.67 correlation means they provide meaningful diversification when combined. COM charges 0.70%/yr vs 0.28%/yr for CMDY.
Performance
COM vs. CMDY - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 12.48% return, which is significantly lower than CMDY's 15.88% return.
COM
- 1D
- -0.24%
- 1M
- -3.92%
- YTD
- 12.48%
- 6M
- 12.53%
- 1Y
- 18.69%
- 3Y*
- 6.70%
- 5Y*
- 8.18%
- 10Y*
- —
CMDY
- 1D
- -0.65%
- 1M
- -8.01%
- YTD
- 15.88%
- 6M
- 15.95%
- 1Y
- 21.57%
- 3Y*
- 11.93%
- 5Y*
- 9.37%
- 10Y*
- —
COM vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 12.48% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | 1.97% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 15.88% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.13% |
Correlation
The correlation between COM and CMDY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.67 |
The correlation between COM and CMDY shifts across timeframes, from 0.67 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. CMDY — Risk / Return Rank
COM
CMDY
COM vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 | CMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.92 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.09 | 7.24 | +1.85 |
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Drawdowns
COM vs. CMDY - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum CMDY drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for COM and CMDY.
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Drawdown Indicators
| COM | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -31.19% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -11.29% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -11.29% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -26.56% | +12.54% |
Current DrawdownCurrent decline from peak | -6.61% | -11.29% | +4.68% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -13.11% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.21% | -1.11% |
Volatility
COM vs. CMDY - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.13%, while iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a volatility of 3.50%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than CMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COM | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 3.50% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 14.39% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 16.32% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 15.76% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 14.63% | -4.87% |
COM vs. CMDY - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Dividends
COM vs. CMDY - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.51%, less than CMDY's 11.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.13% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 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 CMDY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (3.50%) compared to COM (2.13%). In terms of maximum drawdown, COM dropped -15.95% vs CMDY's -31.19%.
On 5-year performance, CMDY leads with 9.37% vs 8.18% for COM. On fees, CMDY is cheaper at 0.28% per year. On volatility, COM has been the lower-risk option at 2.13%. 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 9.37% return vs 8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.70% for COM.
CMDY has the higher dividend yield at 11.13%, compared with 2.51% for COM.
COM tracks Auspice Broad Commodity ER Index, while CMDY tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.70% for COM and 0.28% for CMDY.
COM currently has the higher Sharpe Ratio (1.79 vs 1.33), 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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