MXL vs. CMDT
MXL (MaxLinear, Inc.) is a stock, while CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) is Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Over the past 3 years, MXL returned 39.70%/yr vs 11.92%/yr for CMDT. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
MXL vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, MXL achieves a 283.36% return, which is significantly higher than CMDT's 19.39% return.
MXL
- 1D
- -0.15%
- 1M
- -28.24%
- 6M
- 285.13%
- YTD
- 283.36%
- 1Y
- 339.32%
- 3Y*
- 39.70%
- 5Y*
- 6.74%
- 10Y*
- 12.05%
- ALL TIME*
- 8.37%
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 | |
| $388.39M | $327.56M | $396.47M |
MXL vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MXL MaxLinear, Inc. | 283.36% | -11.88% | -16.79% | 1.58% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 19.39% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between MXL and CMDT is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.13 |
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Return for Risk
MXL vs. CMDT — Risk / Return Rank
MXL
CMDT
MXL vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MaxLinear, Inc. (MXL) 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.
| MXL | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 2.13 | +3.74 |
| Martin ratioReturn relative to average drawdown | 21.35 | 7.56 | +13.80 |
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Drawdowns
MXL vs. CMDT - Drawdown Comparison
The maximum MXL drawdown since its inception was -88.13%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for MXL and CMDT.
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Drawdown Indicators
| MXL | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.13% | -13.23% | -74.90% |
Max Drawdown (1Y)Largest decline over 1 year | -55.28% | -13.23% | -42.05% |
Max Drawdown (3Y)Largest decline over 3 years | -63.95% | -13.23% | -50.72% |
Max Drawdown (5Y)Largest decline over 5 years | -88.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | — | — |
Current DrawdownCurrent decline from peak | -47.81% | -6.44% | -41.37% |
Average DrawdownAverage peak-to-trough decline | -44.87% | -2.97% | -41.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.20% | 3.73% | +11.47% |
Volatility
MXL vs. CMDT - Volatility Comparison
MaxLinear, Inc. (MXL) has a higher volatility of 47.11% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.97%. This indicates that MXL'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.
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Volatility by Period
| MXL | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.11% | 3.97% | +43.14% |
Volatility (6M)Calculated over the trailing 6-month period | 99.62% | 11.25% | +88.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.15% | 13.09% | +107.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.60% | 12.36% | +68.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.96% | 12.36% | +55.60% |
Dividends
MXL vs. CMDT - Dividend Comparison
MXL has not paid dividends to shareholders, while CMDT's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.58% | 3.04% | 8.80% | 2.71% |
MXL MaxLinear, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MXL and CMDT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXL has higher volatility (47.11%) compared to CMDT (3.97%). In terms of maximum drawdown, MXL dropped -88.13% vs CMDT's -13.23%.
MXL currently has the higher Sharpe Ratio (2.71 vs 2.16), 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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