HARD vs. CCRV
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and iShares Commodity Curve Carry Strategy ETF (CCRV).
HARD and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HARD or CCRV.
Key characteristics
| HARD | CCRV | |
|---|---|---|
| YTD Return | 6.47% | 3.44% |
| 1Y Return | -2.36% | -3.97% |
| Sharpe Ratio | -0.21 | -0.28 |
| Daily Std Dev | 10.87% | 14.07% |
| Max Drawdown | -11.78% | -24.81% |
| Current Drawdown | -6.86% | -7.75% |
Correlation
The correlation between HARD and CCRV is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HARD vs. CCRV - Performance Comparison
In the year-to-date period, HARD achieves a 6.47% return, which is significantly higher than CCRV's 3.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HARD vs. CCRV - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is higher than CCRV's 0.40% expense ratio.
Risk-Adjusted Performance
HARD vs. CCRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.
Dividends
HARD vs. CCRV - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 2.67%, less than CCRV's 7.01% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 2.67% | 1.95% | 0.00% | 0.00% |
CCRV iShares Commodity Curve Carry Strategy ETF | 7.01% | 7.26% | 33.27% | 26.22% |
Drawdowns
HARD vs. CCRV - Drawdown Comparison
The maximum HARD drawdown since its inception was -11.78%, smaller than the maximum CCRV drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for HARD and CCRV. For additional features, visit the drawdowns tool.
Volatility
HARD vs. CCRV - Volatility Comparison
The current volatility for Simplify Commodities Strategy No K-1 ETF (HARD) is 2.86%, while iShares Commodity Curve Carry Strategy ETF (CCRV) has a volatility of 5.55%. This indicates that HARD experiences smaller price fluctuations and is considered to be less risky than CCRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.