FSCO vs. CMDT
FSCO (FS Credit Opportunities Corp.) is a stock, while CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) is Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Over the past 3 years, FSCO returned 11.76%/yr vs 13.00%/yr for CMDT. At a 0.02 correlation, their price movements are largely independent.
Performance
FSCO vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, FSCO achieves a -17.89% return, which is significantly lower than CMDT's 17.48% return.
FSCO
- 1D
- 0.42%
- 1M
- -0.83%
- 6M
- -20.17%
- YTD
- -17.89%
- 1Y
- -23.85%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
CMDT
- 1D
- -0.62%
- 1M
- 0.86%
- 6M
- 14.65%
- YTD
- 17.48%
- 1Y
- 26.33%
- 3Y*
- 13.00%
- 5Y*
- —
- 10Y*
- —
FSCO vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -17.89% | 3.68% | 34.88% | 44.64% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 17.48% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between FSCO and CMDT is -0.01, 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 (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.02 |
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Return for Risk
FSCO vs. CMDT — Risk / Return Rank
FSCO
CMDT
FSCO vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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.
| FSCO | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.35 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.00 | -2.67 |
| Martin ratioReturn relative to average drawdown | -1.23 | 7.54 | -8.77 |
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Drawdowns
FSCO vs. CMDT - Drawdown Comparison
The maximum FSCO drawdown since its inception was -35.53%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for FSCO and CMDT.
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Drawdown Indicators
| FSCO | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -13.23% | -22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -13.23% | -22.30% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -13.23% | -22.30% |
Current DrawdownCurrent decline from peak | -28.31% | -7.94% | -20.37% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -2.93% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.43% | 3.50% | +15.93% |
Volatility
FSCO vs. CMDT - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) has a higher volatility of 4.77% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 4.44%. This indicates that FSCO's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCO | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.44% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 11.04% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 12.91% | +14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.00% | 12.32% | +15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.00% | 12.32% | +15.68% |
Dividends
FSCO vs. CMDT - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 16.06%, more than CMDT's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.63% | 3.04% | 8.80% | 2.71% | 0.00% |
FSCO FS Credit Opportunities Corp. | 16.06% | 12.65% | 10.47% | 11.26% | 1.95% |
Frequently Asked Questions
FSCO and CMDT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (4.77%) compared to CMDT (4.44%). In terms of maximum drawdown, FSCO dropped -35.53% vs CMDT's -13.23%.
CMDT currently has the higher Sharpe Ratio (2.05 vs -0.87), 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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