DEED vs. CMDT

Last updated Jun 25, 2026

DEED (First Trust TCW Securitized Plus ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - DEED is a Mortgage Backed Securities fund actively managed by First Trust, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. DEED is actively managed, while CMDT is passively managed. Over the past 3 years, DEED returned 5.10%/yr vs 11.87%/yr for CMDT. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.65% expense ratio.

Performance

DEED vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Securitized Plus ETF (DEED) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEED achieves a 1.27% return, which is significantly lower than CMDT's 10.73% return.

DEED

• 1D: 0.42%
• 1M: 1.43%
• YTD: 1.27%
• 6M: 1.29%
• 1Y: 5.99%
• 3Y*: 5.10%
• 5Y*: 0.41%
• 10Y*: —

CMDT

• 1D: -2.38%
• 1M: -11.03%
• YTD: 10.73%
• 6M: 10.29%
• 1Y: 20.39%
• 3Y*: 11.87%
• 5Y*: —
• 10Y*: —

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

DEED vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DEED First Trust TCW Securitized Plus ETF	1.27%	8.91%	3.19%	2.15%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	10.73%	12.78%	6.93%	5.37%

Correlation

The correlation between DEED and CMDT is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (All Time) Calculated using the full available price history since May 10, 2023	-0.10

The correlation between DEED and CMDT shifts across timeframes, from -0.27 (1 year) to -0.10 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DEED vs. CMDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEED

DEED Risk / Return Rank: 47
DEED Sharpe Ratio Rank: 52
DEED Sortino Ratio Rank: 54
DEED Omega Ratio Rank: 49
DEED Calmar Ratio Rank: 42
DEED Martin Ratio Rank: 36

CMDT

CMDT Risk / Return Rank: 48
CMDT Sharpe Ratio Rank: 53
CMDT Sortino Ratio Rank: 52
CMDT Omega Ratio Rank: 48
CMDT Calmar Ratio Rank: 34
CMDT Martin Ratio Rank: 55

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.

DEED vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) 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.

	DEED	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.62	-0.06
Sortino ratio: Return per unit of downside risk	2.31	2.25	+0.06
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	1.89	1.55	+0.34
Martin ratio: Return relative to average drawdown	4.99	8.61	-3.62

DEED vs. CMDT - Sharpe Ratio Comparison

The current DEED Sharpe Ratio is 1.56, which is comparable to the CMDT Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DEED and CMDT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DEED vs. CMDT - Drawdown Comparison

The maximum DEED drawdown since its inception was -19.96%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for DEED and CMDT.

Drawdown Indicators

	DEED	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-13.23%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-13.23%	+10.05%
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	-13.23%	+4.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-1.12%	-13.23%	+12.11%
Average Drawdown Average peak-to-trough decline	-6.57%	-2.78%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	2.37%	-1.17%

Volatility

DEED vs. CMDT - Volatility Comparison

The current volatility for First Trust TCW Securitized Plus ETF (DEED) is 0.98%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.79%. This indicates that DEED 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.

Volatility by Period

	DEED	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	3.79%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	10.89%	-7.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	12.78%	-8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.56%	12.31%	-5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	12.31%	-6.35%

DEED vs. CMDT - Expense Ratio Comparison

Both DEED and CMDT have an expense ratio of 0.65%.

Dividends

DEED vs. CMDT - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.24%, more than CMDT's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.73%	3.04%	8.80%	2.71%	0.00%	0.00%	0.00%
DEED First Trust TCW Securitized Plus ETF	4.24%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%

Frequently Asked Questions

Can I hold both DEED and CMDT in my portfolio?

DEED and CMDT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEED or CMDT?

CMDT has higher volatility (3.79%) compared to DEED (0.98%). In terms of maximum drawdown, DEED dropped -19.96% vs CMDT's -13.23%.

Which ETF is better, DEED or CMDT?

On 3-year performance, CMDT leads with 11.87% vs 5.10% for DEED. Both ETFs have the same 0.65% expense ratio. On volatility, DEED has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEED or CMDT?

Over the 3-year period, CMDT has performed better with a 11.87% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEED or CMDT?

DEED and CMDT have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, DEED or CMDT?

DEED has the higher dividend yield at 4.24%, compared with 2.73% for CMDT.

What is the main difference between DEED and CMDT?

DEED is categorized as Mortgage Backed Securities, while CMDT is Commodities. They also come from different issuers: First Trust and PIMCO.

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (1.62 vs 1.56), 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.