PCIG vs. CMDT

Last updated Jul 12, 2026

PCIG (Polen Capital International Growth ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - PCIG is a Foreign Large Cap Equities fund actively managed by Polen, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. PCIG is actively managed, while CMDT is passively managed. Over the past year, PCIG returned -8.85% vs 23.48% for CMDT. At a 0.03 correlation, their price movements are largely independent. PCIG charges 0.85%/yr vs 0.65%/yr for CMDT.

Performance

PCIG vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital International Growth ETF (PCIG) 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, PCIG achieves a -3.68% return, which is significantly lower than CMDT's 15.27% return.

PCIG

• 1D: 0.27%
• 1M: 2.15%
• 6M: -8.43%
• YTD: -3.68%
• 1Y: -8.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMDT

• 1D: -0.10%
• 1M: -2.39%
• 6M: 13.14%
• YTD: 15.27%
• 1Y: 23.48%
• 3Y*: 12.44%
• 5Y*: —
• 10Y*: —

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

PCIG vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCIG Polen Capital International Growth ETF	-3.68%	-0.02%	-8.47%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	15.27%	12.78%	2.16%

Correlation

The correlation between PCIG and CMDT is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.03

The correlation between PCIG and CMDT shifts across timeframes, from -0.08 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PCIG vs. CMDT — Risk / Return Rank

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

PCIG

PCIG Risk / Return Rank: 5
PCIG Sharpe Ratio Rank: 5
PCIG Sortino Ratio Rank: 5
PCIG Omega Ratio Rank: 5
PCIG Calmar Ratio Rank: 5
PCIG Martin Ratio Rank: 5

CMDT

CMDT Risk / Return Rank: 65
CMDT Sharpe Ratio Rank: 77
CMDT Sortino Ratio Rank: 75
CMDT Omega Ratio Rank: 70
CMDT Calmar Ratio Rank: 47
CMDT Martin Ratio Rank: 54

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.

PCIG vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital International Growth ETF (PCIG) 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.

	PCIG	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.95	-2.46
Sortino ratio: Return per unit of downside risk	-0.59	2.69	-3.28
Omega ratio: Gain probability vs. loss probability	0.93	1.33	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.46	1.90	-2.35
Martin ratio: Return relative to average drawdown	-0.99	7.45	-8.43

PCIG vs. CMDT - Sharpe Ratio Comparison

The current PCIG Sharpe Ratio is -0.51, which is lower than the CMDT Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of PCIG 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

PCIG vs. CMDT - Drawdown Comparison

The maximum PCIG drawdown since its inception was -23.40%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for PCIG and CMDT.

Drawdown Indicators

	PCIG	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-13.23%	-10.17%
Max Drawdown (1Y) Largest decline over 1 year	-21.45%	-13.23%	-8.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.23%	—
Current Drawdown Current decline from peak	-12.82%	-9.67%	-3.15%
Average Drawdown Average peak-to-trough decline	-7.39%	-2.90%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.94%	3.36%	+6.58%

Volatility

PCIG vs. CMDT - Volatility Comparison

Polen Capital International Growth ETF (PCIG) has a higher volatility of 6.58% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 4.13%. This indicates that PCIG'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

	PCIG	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	4.13%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	10.95%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	12.86%	+6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	12.31%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	12.31%	+5.99%

PCIG vs. CMDT - Expense Ratio Comparison

PCIG has a 0.85% expense ratio, which is higher than CMDT's 0.65% expense ratio.

Dividends

PCIG vs. CMDT - Dividend Comparison

PCIG's dividend yield for the trailing twelve months is around 0.15%, less than CMDT's 2.68% yield.

Position	TTM	2025	2024	2023
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.68%	3.04%	8.80%	2.71%
PCIG Polen Capital International Growth ETF	0.15%	0.14%	0.36%	0.00%

Frequently Asked Questions

Can I hold both PCIG and CMDT in my portfolio?

PCIG and CMDT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCIG or CMDT?

PCIG has higher volatility (6.58%) compared to CMDT (4.13%). In terms of maximum drawdown, PCIG dropped -23.40% vs CMDT's -13.23%.

Which ETF is better, PCIG or CMDT?

On 1-year performance, CMDT leads with 23.48% vs -8.85% for PCIG. On fees, CMDT is cheaper at 0.65% per year. On volatility, CMDT has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCIG or CMDT?

Over the 1-year period, CMDT has performed better with a 23.48% return vs -8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCIG or CMDT?

CMDT is cheaper with a 0.65% expense ratio, compared with 0.85% for PCIG.

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

CMDT has the higher dividend yield at 2.68%, compared with 0.15% for PCIG.

What is the main difference between PCIG and CMDT?

PCIG is categorized as Foreign Large Cap Equities, while CMDT is Commodities. They also come from different issuers: Polen and PIMCO. Their fees differ too: 0.85% for PCIG and 0.65% for CMDT.

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (1.95 vs -0.51), 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.