MTGP vs. CMDT
MTGP (WisdomTree Mortgage Plus Bond Fund) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. MTGP is actively managed, while CMDT is passively managed. Over the past 3 years, MTGP returned 4.56%/yr vs 11.92%/yr for CMDT. Their -0.11 correlation means they have often moved in opposite directions in the past. MTGP charges 0.45%/yr vs 0.65%/yr for CMDT.
Performance
MTGP vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a -0.08% return, which is significantly lower than CMDT's 19.39% return.
MTGP
- 1D
- -0.36%
- 1M
- -0.90%
- 6M
- -0.62%
- YTD
- -0.08%
- 1Y
- 3.04%
- 3Y*
- 4.56%
- 5Y*
- 0.10%
- 10Y*
- —
- ALL TIME*
- 0.87%
CMDT
- 1D
- 0.09%
- 1M
- 6.84%
- 6M
- 12.84%
- YTD
- 19.39%
- 1Y
- 28.43%
- 3Y*
- 11.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $1.77M | $2.38M | |
| $422.32K | $672.43K | $425.74K |
MTGP vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | -0.08% | 7.57% | 2.48% | 1.56% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 19.39% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between MTGP and CMDT is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.11 |
The correlation between MTGP and CMDT shifts across timeframes, from -0.30 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTGP vs. CMDT — Risk / Return Rank
MTGP
CMDT
MTGP vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) 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.
| MTGP | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.13 | -0.56 |
| Martin ratioReturn relative to average drawdown | 4.02 | 7.56 | -3.53 |
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Drawdowns
MTGP vs. CMDT - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for MTGP and CMDT.
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Drawdown Indicators
| MTGP | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -13.23% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -13.23% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -13.23% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -6.44% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -2.97% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.73% | -2.75% |
Volatility
MTGP vs. CMDT - Volatility Comparison
The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.38%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.97%. This indicates that MTGP 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
| MTGP | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 3.97% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 11.25% | -8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 13.09% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 12.36% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 12.36% | -7.13% |
MTGP vs. CMDT - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
MTGP vs. CMDT - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.42%, more than CMDT's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.58% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.42% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% |
Frequently Asked Questions
MTGP and CMDT have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.97%) compared to MTGP (1.38%). In terms of maximum drawdown, MTGP dropped -16.63% vs CMDT's -13.23%.
On 3-year performance, CMDT leads with 11.92% vs 4.56% for MTGP. On fees, MTGP is cheaper at 0.45% per year. On volatility, MTGP has been the lower-risk option at 1.38%. 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 11.92% return vs 4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTGP is cheaper with a 0.45% expense ratio, compared with 0.65% for CMDT.
MTGP has the higher dividend yield at 4.42%, compared with 2.58% for CMDT.
MTGP is categorized as Mortgage Backed Securities, while CMDT is Commodities. They also come from different issuers: WisdomTree and PIMCO. Their fees differ too: 0.45% for MTGP and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (2.16 vs 0.93), 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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