JSCP vs. CMDT
JSCP (JPMorgan Short Duration Core Plus ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - JSCP is a Short-Term Bond fund actively managed by JPMorgan, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. JSCP is actively managed, while CMDT is passively managed. Over the past 3 years, JSCP returned 5.56%/yr vs 12.77%/yr for CMDT. At a correlation of -0.09, they often move in opposite directions. JSCP charges 0.33%/yr vs 0.65%/yr for CMDT.
Performance
JSCP vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, JSCP achieves a 0.71% return, which is significantly lower than CMDT's 15.54% return.
JSCP
- 1D
- 0.13%
- 1M
- 0.38%
- YTD
- 0.71%
- 6M
- 0.87%
- 1Y
- 4.28%
- 3Y*
- 5.56%
- 5Y*
- 2.48%
- 10Y*
- —
CMDT
- 1D
- -0.25%
- 1M
- -7.42%
- YTD
- 15.54%
- 6M
- 17.31%
- 1Y
- 21.62%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
JSCP vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JSCP JPMorgan Short Duration Core Plus ETF | 0.71% | 6.86% | 5.06% | 3.60% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 15.54% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between JSCP and CMDT is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.09 |
The correlation between JSCP and CMDT shifts across timeframes, from -0.20 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JSCP vs. CMDT — Risk / Return Rank
JSCP
CMDT
JSCP vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Core Plus ETF (JSCP) 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.
| JSCP | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.30 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.30 | +1.18 |
| Martin ratioReturn relative to average drawdown | 12.89 | 9.95 | +2.95 |
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Drawdowns
JSCP vs. CMDT - Drawdown Comparison
The maximum JSCP drawdown since its inception was -8.90%, smaller than the maximum CMDT drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for JSCP and CMDT.
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Drawdown Indicators
| JSCP | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.90% | -9.69% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.27% | -9.46% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -9.69% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -8.90% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -9.46% | +9.20% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.75% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.19% | -1.85% |
Volatility
JSCP vs. CMDT - Volatility Comparison
The current volatility for JPMorgan Short Duration Core Plus ETF (JSCP) is 0.63%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.30%. This indicates that JSCP 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.
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Volatility by Period
| JSCP | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 3.30% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 10.50% | -9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 12.57% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 12.23% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 12.23% | -9.68% |
JSCP vs. CMDT - Expense Ratio Comparison
JSCP has a 0.33% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
JSCP vs. CMDT - Dividend Comparison
JSCP's dividend yield for the trailing twelve months is around 4.49%, more than CMDT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.62% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% |
JSCP JPMorgan Short Duration Core Plus ETF | 4.49% | 4.64% | 4.76% | 4.13% | 2.51% | 1.09% |
Frequently Asked Questions
JSCP and CMDT have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.30%) compared to JSCP (0.63%). In terms of maximum drawdown, JSCP dropped -8.90% vs CMDT's -9.69%.
On 3-year performance, CMDT leads with 12.77% vs 5.56% for JSCP. On fees, JSCP is cheaper at 0.33% per year. On volatility, JSCP has been the lower-risk option at 0.63%. 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 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JSCP is cheaper with a 0.33% expense ratio, compared with 0.65% for CMDT.
JSCP has the higher dividend yield at 4.49%, compared with 2.62% for CMDT.
JSCP is categorized as Short-Term Bond, while CMDT is Commodities. They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.33% for JSCP and 0.65% for CMDT.
JSCP currently has the higher Sharpe Ratio (2.52 vs 1.73), 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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