LDRH vs. CMDT

Last updated Jun 24, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - LDRH is a High Yield Bonds fund tracking the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past year, LDRH returned 5.98% vs 21.34% for CMDT. At a correlation of -0.01, they often move in opposite directions. LDRH charges 0.35%/yr vs 0.65%/yr for CMDT.

Performance

LDRH vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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, LDRH achieves a 1.98% return, which is significantly lower than CMDT's 13.43% return.

LDRH

• 1D: -0.10%
• 1M: 0.33%
• YTD: 1.98%
• 6M: 2.22%
• 1Y: 5.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMDT

• 1D: -1.14%
• 1M: -8.86%
• YTD: 13.43%
• 6M: 13.42%
• 1Y: 21.34%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

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

LDRH vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.98%	7.18%	0.21%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	13.43%	12.78%	-0.52%

Correlation

The correlation between LDRH and CMDT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	-0.01

Return for Risk

LDRH vs. CMDT — Risk / Return Rank

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

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 78
LDRH Sortino Ratio Rank: 88
LDRH Omega Ratio Rank: 82
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

CMDT

CMDT Risk / Return Rank: 50
CMDT Sharpe Ratio Rank: 53
CMDT Sortino Ratio Rank: 52
CMDT Omega Ratio Rank: 48
CMDT Calmar Ratio Rank: 41
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.

LDRH vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.

	LDRH	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.71	+0.60
Sortino ratio: Return per unit of downside risk	3.73	2.39	+1.33
Omega ratio: Gain probability vs. loss probability	1.45	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	4.88	1.93	+2.95
Martin ratio: Return relative to average drawdown	20.18	9.62	+10.55

LDRH vs. CMDT - Sharpe Ratio Comparison

The current LDRH Sharpe Ratio is 2.31, which is higher than the CMDT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of LDRH 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

LDRH vs. CMDT - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum CMDT drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for LDRH and CMDT.

Drawdown Indicators

	LDRH	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-3.17%	-11.11%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	-11.11%	+9.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.11%	—
Current Drawdown Current decline from peak	-0.26%	-11.11%	+10.85%
Average Drawdown Average peak-to-trough decline	-0.24%	-2.77%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	2.25%	-1.95%

Volatility

LDRH vs. CMDT - Volatility Comparison

The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.61%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.26%. This indicates that LDRH 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

	LDRH	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	3.26%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	1.97%	10.60%	-8.63%
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	12.65%	-10.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	12.24%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	12.24%	-8.76%

LDRH vs. CMDT - Expense Ratio Comparison

LDRH has a 0.35% expense ratio, which is lower than CMDT's 0.65% expense ratio.

Dividends

LDRH vs. CMDT - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 6.99%, more 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%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	6.99%	6.41%	1.13%	0.00%

Frequently Asked Questions

Can I hold both LDRH and CMDT in my portfolio?

LDRH and CMDT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDRH or CMDT?

CMDT has higher volatility (3.26%) compared to LDRH (0.61%). In terms of maximum drawdown, LDRH dropped -3.17% vs CMDT's -11.11%.

Which ETF is better, LDRH or CMDT?

On 1-year performance, CMDT leads with 21.34% vs 5.98% for LDRH. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRH or CMDT?

Over the 1-year period, CMDT has performed better with a 21.34% return vs 5.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRH or CMDT?

LDRH is cheaper with a 0.35% expense ratio, compared with 0.65% for CMDT.

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

LDRH has the higher dividend yield at 6.99%, compared with 2.67% for CMDT.

What is the main difference between LDRH and CMDT?

LDRH is categorized as High Yield Bonds, while CMDT is Commodities. LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.35% for LDRH and 0.65% for CMDT.

Which has better risk-adjusted returns?

LDRH currently has the higher Sharpe Ratio (2.31 vs 1.71), 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.