MAVF vs. CMDT

Last updated Jun 24, 2026

MAVF (Matrix Advisors Value ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - MAVF is a Large Cap Value Equities fund actively managed by Matrix Asset Advisors, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. MAVF is actively managed, while CMDT is passively managed. Over the past year, MAVF returned 30.84% vs 21.34% for CMDT. At a correlation of -0.01, they often move in opposite directions. MAVF charges 0.75%/yr vs 0.65%/yr for CMDT.

Performance

MAVF vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matrix Advisors Value ETF (MAVF) 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, MAVF achieves a 10.43% return, which is significantly lower than CMDT's 13.43% return.

MAVF

• 1D: -0.95%
• 1M: -0.51%
• YTD: 10.43%
• 6M: 9.47%
• 1Y: 30.84%
• 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)

MAVF vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025
MAVF Matrix Advisors Value ETF	10.43%	18.40%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	13.43%	6.53%

Correlation

The correlation between MAVF and CMDT is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	-0.01

Return for Risk

MAVF vs. CMDT — Risk / Return Rank

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

MAVF

MAVF Risk / Return Rank: 70
MAVF Sharpe Ratio Rank: 75
MAVF Sortino Ratio Rank: 73
MAVF Omega Ratio Rank: 71
MAVF Calmar Ratio Rank: 63
MAVF Martin Ratio Rank: 68

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.

MAVF vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Advisors Value ETF (MAVF) 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.

	MAVF	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.71	+0.44
Sortino ratio: Return per unit of downside risk	2.94	2.39	+0.55
Omega ratio: Gain probability vs. loss probability	1.38	1.29	+0.09
Calmar ratio: Return relative to maximum drawdown	2.83	1.93	+0.90
Martin ratio: Return relative to average drawdown	11.40	9.62	+1.78

MAVF vs. CMDT - Sharpe Ratio Comparison

The current MAVF Sharpe Ratio is 2.15, which is comparable to the CMDT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of MAVF 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

MAVF vs. CMDT - Drawdown Comparison

The maximum MAVF drawdown since its inception was -17.13%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for MAVF and CMDT.

Drawdown Indicators

	MAVF	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-11.11%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-11.11%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.11%	—
Current Drawdown Current decline from peak	-1.95%	-11.11%	+9.16%
Average Drawdown Average peak-to-trough decline	-2.55%	-2.77%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.25%	+0.46%

Volatility

MAVF vs. CMDT - Volatility Comparison

Matrix Advisors Value ETF (MAVF) has a higher volatility of 5.11% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that MAVF'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.

Volatility by Period

	MAVF	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	3.26%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	10.60%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	12.65%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	12.24%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	12.24%	+6.95%

MAVF vs. CMDT - Expense Ratio Comparison

MAVF has a 0.75% expense ratio, which is higher than CMDT's 0.65% expense ratio.

Dividends

MAVF vs. CMDT - Dividend Comparison

MAVF's dividend yield for the trailing twelve months is around 0.38%, 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%
MAVF Matrix Advisors Value ETF	0.38%	0.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAVF and CMDT in my portfolio?

MAVF and CMDT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAVF or CMDT?

MAVF has higher volatility (5.11%) compared to CMDT (3.26%). In terms of maximum drawdown, MAVF dropped -17.13% vs CMDT's -11.11%.

Which ETF is better, MAVF or CMDT?

On 1-year performance, MAVF leads with 30.84% vs 21.34% for CMDT. 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.

Which ETF has performed better, MAVF or CMDT?

Over the 1-year period, MAVF has performed better with a 30.84% return vs 21.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAVF or CMDT?

CMDT is cheaper with a 0.65% expense ratio, compared with 0.75% for MAVF.

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

CMDT has the higher dividend yield at 2.67%, compared with 0.38% for MAVF.

What is the main difference between MAVF and CMDT?

MAVF is categorized as Large Cap Value Equities, while CMDT is Commodities. They also come from different issuers: Matrix Asset Advisors and PIMCO. Their fees differ too: 0.75% for MAVF and 0.65% for CMDT.

Which has better risk-adjusted returns?

MAVF currently has the higher Sharpe Ratio (2.15 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.