PPTY vs. CMCI

Last updated Jun 21, 2026

PPTY (US Diversified Real Estate ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate Index, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. Both are passively managed. Over the past year, PPTY returned 12.17% vs 18.64% for CMCI. At a correlation of -0.02, they often move in opposite directions. PPTY charges 0.49%/yr vs 0.65%/yr for CMCI.

Performance

PPTY vs. CMCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Diversified Real Estate ETF (PPTY) and VanEck CMCI Commodity Strategy ETF (CMCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTY achieves a 11.56% return, which is significantly lower than CMCI's 16.66% return.

PPTY

• 1D: 0.48%
• 1M: 0.81%
• YTD: 11.56%
• 6M: 12.15%
• 1Y: 12.17%
• 3Y*: 8.62%
• 5Y*: 2.87%
• 10Y*: —

CMCI

• 1D: -0.23%
• 1M: -5.19%
• YTD: 16.66%
• 6M: 18.63%
• 1Y: 18.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PPTY vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPTY US Diversified Real Estate ETF	11.56%	-3.47%	9.85%	9.91%
CMCI VanEck CMCI Commodity Strategy ETF	16.66%	7.90%	5.68%	-2.74%

Correlation

The correlation between PPTY and CMCI is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	-0.02

Return for Risk

PPTY vs. CMCI — Risk / Return Rank

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

PPTY

PPTY Risk / Return Rank: 27
PPTY Sharpe Ratio Rank: 24
PPTY Sortino Ratio Rank: 23
PPTY Omega Ratio Rank: 22
PPTY Calmar Ratio Rank: 31
PPTY Martin Ratio Rank: 31

CMCI

CMCI Risk / Return Rank: 46
CMCI Sharpe Ratio Rank: 45
CMCI Sortino Ratio Rank: 44
CMCI Omega Ratio Rank: 44
CMCI Calmar Ratio Rank: 49
CMCI Martin Ratio Rank: 49

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.

PPTY vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.

	PPTY	CMCI	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.53	-0.67
Sortino ratio: Return per unit of downside risk	1.26	2.14	-0.88
Omega ratio: Gain probability vs. loss probability	1.15	1.27	-0.12
Calmar ratio: Return relative to maximum drawdown	1.49	2.32	-0.82
Martin ratio: Return relative to average drawdown	4.32	7.99	-3.67

PPTY vs. CMCI - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 0.86, which is lower than the CMCI Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PPTY and CMCI, 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

PPTY vs. CMCI - Drawdown Comparison

The maximum PPTY drawdown since its inception was -41.69%, which is greater than CMCI's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for PPTY and CMCI.

Drawdown Indicators

	PPTY	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-11.54%	-30.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-8.11%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	—	—
Current Drawdown Current decline from peak	-2.68%	-8.11%	+5.43%
Average Drawdown Average peak-to-trough decline	-11.29%	-3.58%	-7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.35%	+0.44%

Volatility

PPTY vs. CMCI - Volatility Comparison

US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.94% compared to VanEck CMCI Commodity Strategy ETF (CMCI) at 2.94%. This indicates that PPTY's price experiences larger fluctuations and is considered to be riskier than CMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTY	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	2.94%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	10.20%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	12.31%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	12.60%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	12.60%	+9.30%

PPTY vs. CMCI - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is lower than CMCI's 0.65% expense ratio.

Dividends

PPTY vs. CMCI - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.61%, less than CMCI's 8.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CMCI VanEck CMCI Commodity Strategy ETF	8.47%	9.89%	3.93%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%
PPTY US Diversified Real Estate ETF	2.61%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%

Frequently Asked Questions

Can I hold both PPTY and CMCI in my portfolio?

PPTY and CMCI have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPTY or CMCI?

PPTY has higher volatility (4.94%) compared to CMCI (2.94%). In terms of maximum drawdown, PPTY dropped -41.69% vs CMCI's -11.54%.

Which ETF is better, PPTY or CMCI?

On 1-year performance, CMCI leads with 18.64% vs 12.17% for PPTY. On fees, PPTY is cheaper at 0.49% per year. On volatility, CMCI has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPTY or CMCI?

Over the 1-year period, CMCI has performed better with a 18.64% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPTY or CMCI?

PPTY is cheaper with a 0.49% expense ratio, compared with 0.65% for CMCI.

Which ETF pays a higher dividend yield, PPTY or CMCI?

CMCI has the higher dividend yield at 8.47%, compared with 2.61% for PPTY.

What is the main difference between PPTY and CMCI?

PPTY is categorized as REIT, while CMCI is Commodities. PPTY tracks USREX - U.S. Diversified Real Estate Index, while CMCI tracks UBS Bloomberg CMCI Composite Total Return Index. They also come from different issuers: Vident and VanEck. Their fees differ too: 0.49% for PPTY and 0.65% for CMCI.

Which has better risk-adjusted returns?

CMCI currently has the higher Sharpe Ratio (1.53 vs 0.86), 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.