CTWO vs. CMCI
CTWO (COtwo Advisors Physical European Carbon Allowance Trust) and CMCI (VanEck CMCI Commodity Strategy ETF) are both Commodities funds. At a 0.03 correlation, their price movements are largely independent. CTWO charges 0.79%/yr vs 0.65%/yr for CMCI.
Performance
CTWO vs. CMCI - Performance Comparison
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Returns By Period
In the year-to-date period, CTWO achieves a -15.24% return, which is significantly lower than CMCI's 23.01% return.
CTWO
- 1D
- 2.00%
- 1M
- 1.51%
- YTD
- -15.24%
- 6M
- -10.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMCI
- 1D
- -0.31%
- 1M
- -0.41%
- YTD
- 23.01%
- 6M
- 23.83%
- 1Y
- 30.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTWO vs. CMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTWO COtwo Advisors Physical European Carbon Allowance Trust | -15.24% | 15.78% |
CMCI VanEck CMCI Commodity Strategy ETF | 23.01% | 1.69% |
Correlation
The correlation between CTWO and CMCI is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.03 |
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Return for Risk
CTWO vs. CMCI — Risk / Return Rank
CTWO
CMCI
CTWO vs. CMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COtwo Advisors Physical European Carbon Allowance Trust (CTWO) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CTWO | CMCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.94 | -1.01 |
Drawdowns
CTWO vs. CMCI - Drawdown Comparison
The maximum CTWO drawdown since its inception was -30.13%, which is greater than CMCI's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for CTWO and CMCI.
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Drawdown Indicators
| CTWO | CMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.13% | -11.54% | -18.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.03% | — |
Current DrawdownCurrent decline from peak | -24.89% | -3.12% | -21.77% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -3.54% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.92% | — |
Volatility
CTWO vs. CMCI - Volatility Comparison
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Volatility by Period
| CTWO | CMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.94% | 12.19% | +15.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.94% | 12.63% | +15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.94% | 12.63% | +15.31% |
CTWO vs. CMCI - Expense Ratio Comparison
CTWO has a 0.79% expense ratio, which is higher than CMCI's 0.65% expense ratio.
Dividends
CTWO vs. CMCI - Dividend Comparison
CTWO has not paid dividends to shareholders, while CMCI's dividend yield for the trailing twelve months is around 8.04%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMCI VanEck CMCI Commodity Strategy ETF | 8.04% | 9.89% | 3.93% | 1.64% |
CTWO COtwo Advisors Physical European Carbon Allowance Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTWO and CMCI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMCI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMCI is cheaper with a 0.65% expense ratio, compared with 0.79% for CTWO.
CMCI has the higher dividend yield at 8.04%, compared with 0.00% for CTWO.
They also come from different issuers: COtwo Advisors and VanEck. Their fees differ too: 0.79% for CTWO and 0.65% for CMCI.
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