INQQ vs. CMDT
INQQ (India Internet & Ecommerce ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - INQQ is a Asia Pacific Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, INQQ returned 3.36%/yr vs 12.77%/yr for CMDT. At a 0.01 correlation, their price movements are largely independent. INQQ charges 0.86%/yr vs 0.65%/yr for CMDT.
Performance
INQQ vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, INQQ achieves a -13.94% return, which is significantly lower than CMDT's 13.43% return.
INQQ
- 1D
- -1.65%
- 1M
- 3.88%
- YTD
- -13.94%
- 6M
- -15.10%
- 1Y
- -18.83%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
INQQ vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -13.94% | -7.05% | 19.12% | 29.05% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between INQQ and CMDT is -0.21, 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 | -0.21 |
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 | 0.01 |
The correlation between INQQ and CMDT shifts across timeframes, from -0.21 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INQQ vs. CMDT — Risk / Return Rank
INQQ
CMDT
INQQ vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) 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.
| INQQ | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.29 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.93 | -2.55 |
| Martin ratioReturn relative to average drawdown | -1.24 | 9.62 | -10.86 |
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Drawdowns
INQQ vs. CMDT - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.53%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for INQQ and CMDT.
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Drawdown Indicators
| INQQ | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -11.11% | -29.42% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -11.11% | -19.30% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -11.11% | -21.34% |
Current DrawdownCurrent decline from peak | -24.27% | -11.11% | -13.16% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -2.77% | -14.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.24% | 2.25% | +12.99% |
Volatility
INQQ vs. CMDT - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) has a higher volatility of 5.53% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that INQQ'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
| INQQ | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 3.26% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 10.60% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 12.65% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 12.24% | +7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 12.24% | +7.74% |
INQQ vs. CMDT - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
INQQ vs. CMDT - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 2.59%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% |
INQQ India Internet & Ecommerce ETF | 2.59% | 2.23% | 1.18% | 0.04% |
Frequently Asked Questions
INQQ and CMDT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INQQ has higher volatility (5.53%) compared to CMDT (3.26%). In terms of maximum drawdown, INQQ dropped -40.53% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 3.36% for INQQ. On fees, CMDT is cheaper at 0.65% per year. On volatility, CMDT has been the lower-risk option at 3.26%. 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 12.77% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.86% for INQQ.
CMDT has the higher dividend yield at 2.67%, compared with 2.59% for INQQ.
INQQ is categorized as Asia Pacific Equities, while CMDT is Commodities. INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: India and PIMCO. Their fees differ too: 0.86% for INQQ and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs -1.06), 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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