KDRN vs. CMDT

Last updated Jun 21, 2026

KDRN (Kingsbarn Tactical Bond ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - KDRN is a Intermediate Core-Plus Bond fund actively managed by Kingsbarn, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. KDRN is actively managed, while CMDT is passively managed. Over the past 3 years, KDRN returned 3.44%/yr vs 12.77%/yr for CMDT. At a correlation of -0.08, they often move in opposite directions. KDRN charges 1.09%/yr vs 0.65%/yr for CMDT.

Performance

KDRN vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kingsbarn Tactical Bond ETF (KDRN) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KDRN achieves a 1.33% return, which is significantly lower than CMDT's 15.54% return.

KDRN

• 1D: 0.09%
• 1M: 0.56%
• YTD: 1.33%
• 6M: 1.24%
• 1Y: 3.40%
• 3Y*: 3.44%
• 5Y*: —
• 10Y*: —

CMDT

• 1D: -0.25%
• 1M: -7.42%
• YTD: 15.54%
• 6M: 17.31%
• 1Y: 21.62%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KDRN vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KDRN Kingsbarn Tactical Bond ETF	1.33%	4.65%	1.30%	4.01%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	15.54%	12.78%	6.93%	5.37%

Correlation

The correlation between KDRN 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	-0.08
Correlation (All Time) Calculated using the full available price history since May 10, 2023	-0.08

The correlation between KDRN and CMDT shifts across timeframes, from -0.21 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KDRN vs. CMDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KDRN

KDRN Risk / Return Rank: 32
KDRN Sharpe Ratio Rank: 30
KDRN Sortino Ratio Rank: 30
KDRN Omega Ratio Rank: 31
KDRN Calmar Ratio Rank: 41
KDRN Martin Ratio Rank: 29

CMDT

CMDT Risk / Return Rank: 52
CMDT Sharpe Ratio Rank: 53
CMDT Sortino Ratio Rank: 51
CMDT Omega Ratio Rank: 49
CMDT Calmar Ratio Rank: 48
CMDT Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KDRN vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Tactical Bond ETF (KDRN) 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.

	KDRN	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.73	-0.67
Sortino ratio: Return per unit of downside risk	1.57	2.41	-0.84
Omega ratio: Gain probability vs. loss probability	1.20	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	2.02	2.30	-0.28
Martin ratio: Return relative to average drawdown	3.99	9.95	-5.96

KDRN vs. CMDT - Sharpe Ratio Comparison

The current KDRN Sharpe Ratio is 1.07, which is lower than the CMDT Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of KDRN and CMDT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KDRN vs. CMDT - Drawdown Comparison

The maximum KDRN drawdown since its inception was -15.29%, which is greater than CMDT's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for KDRN and CMDT.

Drawdown Indicators

	KDRN	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-15.29%	-9.69%	-5.60%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-9.46%	+7.69%
Max Drawdown (3Y) Largest decline over 3 years	-4.94%	-9.69%	+4.75%
Current Drawdown Current decline from peak	-0.71%	-9.46%	+8.75%
Average Drawdown Average peak-to-trough decline	-4.72%	-2.75%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	2.19%	-1.29%

Volatility

KDRN vs. CMDT - Volatility Comparison

The current volatility for Kingsbarn Tactical Bond ETF (KDRN) is 0.68%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.30%. This indicates that KDRN 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.

Volatility by Period

	KDRN	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	3.30%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	10.50%	-8.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	12.57%	-9.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.58%	12.23%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.58%	12.23%	-5.65%

KDRN vs. CMDT - Expense Ratio Comparison

KDRN has a 1.09% expense ratio, which is higher than CMDT's 0.65% expense ratio.

Dividends

KDRN vs. CMDT - Dividend Comparison

KDRN's dividend yield for the trailing twelve months is around 3.11%, more than CMDT's 2.62% yield.

Position	TTM	2025	2024	2023	2022
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.62%	3.04%	8.80%	2.71%	0.00%
KDRN Kingsbarn Tactical Bond ETF	3.11%	2.54%	2.83%	2.84%	2.11%

Frequently Asked Questions

Can I hold both KDRN and CMDT in my portfolio?

KDRN 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.

Which is riskier, KDRN or CMDT?

CMDT has higher volatility (3.30%) compared to KDRN (0.68%). In terms of maximum drawdown, KDRN dropped -15.29% vs CMDT's -9.69%.

Which ETF is better, KDRN or CMDT?

On 3-year performance, CMDT leads with 12.77% vs 3.44% for KDRN. On fees, CMDT is cheaper at 0.65% per year. On volatility, KDRN has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KDRN or CMDT?

Over the 3-year period, CMDT has performed better with a 12.77% return vs 3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KDRN or CMDT?

CMDT is cheaper with a 0.65% expense ratio, compared with 1.09% for KDRN.

Which ETF pays a higher dividend yield, KDRN or CMDT?

KDRN has the higher dividend yield at 3.11%, compared with 2.62% for CMDT.

What is the main difference between KDRN and CMDT?

KDRN is categorized as Intermediate Core-Plus Bond, while CMDT is Commodities. They also come from different issuers: Kingsbarn and PIMCO. Their fees differ too: 1.09% for KDRN and 0.65% for CMDT.

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (1.73 vs 1.07), 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.