IGSB vs. CMDT
IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, IGSB returned 5.77%/yr vs 11.87%/yr for CMDT. At a correlation of -0.06, they often move in opposite directions. IGSB charges 0.04%/yr vs 0.65%/yr for CMDT.
Performance
IGSB vs. CMDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGSB achieves a 0.91% return, which is significantly lower than CMDT's 10.73% return.
IGSB
- 1D
- 0.15%
- 1M
- 0.46%
- YTD
- 0.91%
- 6M
- 0.97%
- 1Y
- 4.10%
- 3Y*
- 5.77%
- 5Y*
- 2.50%
- 10Y*
- 2.73%
CMDT
- 1D
- -2.38%
- 1M
- -11.03%
- YTD
- 10.73%
- 6M
- 10.29%
- 1Y
- 20.39%
- 3Y*
- 11.87%
- 5Y*
- —
- 10Y*
- —
IGSB vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.91% | 6.96% | 4.97% | 3.97% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 10.73% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between IGSB and CMDT is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.06 |
The correlation between IGSB and CMDT shifts across timeframes, from -0.22 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGSB vs. CMDT — Risk / Return Rank
IGSB
CMDT
IGSB vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) 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.
| IGSB | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.55 | +1.28 |
| Martin ratioReturn relative to average drawdown | 11.30 | 8.61 | +2.70 |
Loading charts...
Drawdowns
IGSB vs. CMDT - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, roughly equal to the maximum CMDT drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for IGSB and CMDT.
Loading charts...
Drawdown Indicators
| IGSB | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -13.23% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -13.23% | +11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -13.23% | +11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -13.23% | +13.10% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -2.78% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.37% | -2.01% |
Volatility
IGSB vs. CMDT - Volatility Comparison
The current volatility for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is 0.70%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.79%. This indicates that IGSB 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.
Loading charts...
Volatility by Period
| IGSB | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 3.79% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 10.89% | -9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 12.78% | -10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 12.31% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 12.31% | -8.84% |
IGSB vs. CMDT - Expense Ratio Comparison
IGSB has a 0.04% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
IGSB vs. CMDT - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.57%, more than CMDT's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.73% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.57% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
IGSB and CMDT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.79%) compared to IGSB (0.70%). In terms of maximum drawdown, IGSB dropped -13.38% vs CMDT's -13.23%.
On 3-year performance, CMDT leads with 11.87% vs 5.77% for IGSB. On fees, IGSB is cheaper at 0.04% per year. On volatility, IGSB has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDT has performed better with a 11.87% return vs 5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.65% for CMDT.
IGSB has the higher dividend yield at 4.57%, compared with 2.73% for CMDT.
IGSB is categorized as Corporate Bonds, while CMDT is Commodities. IGSB tracks ICE BofA 1-5 Year US Corporate Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.04% for IGSB and 0.65% for CMDT.
IGSB currently has the higher Sharpe Ratio (2.11 vs 1.62), 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.
Find the right allocation for IGSB and CMDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer