COM vs. MMIN
COM (Direxion Auspice Broad Commodity Strategy ETF) and MMIN (IQ MacKay Municipal Insured ETF) are both exchange-traded funds - COM is a Commodities fund tracking the Auspice Broad Commodity ER Index, while MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index. Both are passively managed. Over the past 5 years, COM returned 8.45%/yr vs 0.53%/yr for MMIN. At a 0.01 correlation, their price movements are largely independent. COM charges 0.70%/yr vs 0.31%/yr for MMIN.
Performance
COM vs. MMIN - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 15.77% return, which is significantly higher than MMIN's 2.23% return.
COM
- 1D
- -0.27%
- 1M
- 2.86%
- 6M
- 11.40%
- YTD
- 15.77%
- 1Y
- 23.43%
- 3Y*
- 7.83%
- 5Y*
- 8.45%
- 10Y*
- —
MMIN
- 1D
- -0.17%
- 1M
- -0.25%
- 6M
- 1.55%
- YTD
- 2.23%
- 1Y
- 8.94%
- 3Y*
- 3.76%
- 5Y*
- 0.53%
- 10Y*
- —
COM vs. MMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 15.77% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | 3.39% |
MMIN IQ MacKay Municipal Insured ETF | 2.23% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 8.08% | 1.97% | 1.00% |
Correlation
The correlation between COM and MMIN 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 | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | 0.01 |
The correlation between COM and MMIN shifts across timeframes, from -0.23 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. MMIN — Risk / Return Rank
COM
MMIN
COM vs. MMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and IQ MacKay Municipal Insured ETF (MMIN). 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 | MMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.12 | -0.04 |
| Martin ratioReturn relative to average drawdown | 9.07 | 12.25 | -3.18 |
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Drawdowns
COM vs. MMIN - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum MMIN drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for COM and MMIN.
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Drawdown Indicators
| COM | MMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -16.87% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -2.87% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -7.22% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -16.87% | +2.85% |
Current DrawdownCurrent decline from peak | -3.87% | -0.91% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -4.27% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 0.73% | +1.86% |
Volatility
COM vs. MMIN - Volatility Comparison
Direxion Auspice Broad Commodity Strategy ETF (COM) has a higher volatility of 2.10% compared to IQ MacKay Municipal Insured ETF (MMIN) at 0.67%. This indicates that COM's price experiences larger fluctuations and is considered to be riskier than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COM | MMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.67% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 2.50% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 3.57% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 5.03% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 6.93% | +2.82% |
COM vs. MMIN - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than MMIN's 0.31% expense ratio.
Dividends
COM vs. MMIN - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.51%, less than MMIN's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MMIN IQ MacKay Municipal Insured ETF | 4.02% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% |
Frequently Asked Questions
COM and MMIN 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.
COM has higher volatility (2.10%) compared to MMIN (0.67%). In terms of maximum drawdown, COM dropped -15.95% vs MMIN's -16.87%.
On 5-year performance, COM leads with 8.45% vs 0.53% for MMIN. On fees, MMIN is cheaper at 0.31% per year. On volatility, MMIN has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COM has performed better with a 8.45% return vs 0.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMIN is cheaper with a 0.31% expense ratio, compared with 0.70% for COM.
MMIN has the higher dividend yield at 4.02%, compared with 2.51% for COM.
COM is categorized as Commodities, while MMIN is Municipal Bonds. COM tracks Auspice Broad Commodity ER Index, while MMIN tracks Bloomberg Barclays Municipal All Insured Bond Index. They also come from different issuers: Direxion and New York Life. Their fees differ too: 0.70% for COM and 0.31% for MMIN.
MMIN currently has the higher Sharpe Ratio (2.55 vs 2.28), 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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