NFTY vs. CMDT
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, NFTY returned 6.30%/yr vs 12.77%/yr for CMDT. At a 0.02 correlation, their price movements are largely independent. NFTY charges 0.80%/yr vs 0.65%/yr for CMDT.
Performance
NFTY vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -7.30% return, which is significantly lower than CMDT's 13.43% return.
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
NFTY vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.30% | 5.47% | 5.18% | 20.49% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between NFTY and CMDT is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.02 |
The correlation between NFTY and CMDT shifts across timeframes, from -0.19 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFTY vs. CMDT — Risk / Return Rank
NFTY
CMDT
NFTY vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) 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.
| NFTY | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.93 | -2.34 |
| Martin ratioReturn relative to average drawdown | -1.01 | 9.62 | -10.63 |
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Drawdowns
NFTY vs. CMDT - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for NFTY and CMDT.
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Drawdown Indicators
| NFTY | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -11.11% | -36.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -11.11% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -11.11% | -10.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | — | — |
Current DrawdownCurrent decline from peak | -15.26% | -11.11% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -2.77% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 2.25% | +4.31% |
Volatility
NFTY vs. CMDT - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 4.23% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that NFTY'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
| NFTY | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.26% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 10.60% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 12.65% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 12.24% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 12.24% | +8.48% |
NFTY vs. CMDT - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
NFTY vs. CMDT - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.91%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.91% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
NFTY and CMDT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.23%) compared to CMDT (3.26%). In terms of maximum drawdown, NFTY dropped -47.67% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 6.30% for NFTY. 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.
Over the 3-year period, CMDT has performed better with a 12.77% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.80% for NFTY.
CMDT has the higher dividend yield at 2.67%, compared with 1.91% for NFTY.
NFTY is categorized as Asia Pacific Equities, while CMDT is Commodities. NFTY tracks NIFTY 50 Equal Weight Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: First Trust and PIMCO. Their fees differ too: 0.80% for NFTY and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs -0.45), 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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