PPTY vs. CMDT
PPTY (US Diversified Real Estate ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate 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, PPTY returned 11.23%/yr vs 12.77%/yr for CMDT. At a correlation of -0.00, they often move in opposite directions. PPTY charges 0.49%/yr vs 0.65%/yr for CMDT.
Performance
PPTY vs. CMDT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PPTY having a 13.64% return and CMDT slightly lower at 13.43%.
PPTY
- 1D
- 1.21%
- 1M
- 2.70%
- YTD
- 13.64%
- 6M
- 14.29%
- 1Y
- 13.03%
- 3Y*
- 11.23%
- 5Y*
- 3.03%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
PPTY vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 13.64% | -3.47% | 9.85% | 12.18% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between PPTY and CMDT is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.00 |
The correlation between PPTY and CMDT shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPTY vs. CMDT — Risk / Return Rank
PPTY
CMDT
PPTY vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) 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.
| PPTY | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.93 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.68 | 9.62 | -4.94 |
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Drawdowns
PPTY vs. CMDT - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for PPTY and CMDT.
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Drawdown Indicators
| PPTY | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -11.11% | -30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -11.11% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.06% | -11.11% | -9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -11.11% | +10.25% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -2.77% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.25% | +0.54% |
Volatility
PPTY vs. CMDT - Volatility Comparison
US Diversified Real Estate ETF (PPTY) has a higher volatility of 4.88% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that PPTY'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
| PPTY | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 3.26% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 10.60% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 12.65% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 12.24% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 12.24% | +9.66% |
PPTY vs. CMDT - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
PPTY vs. CMDT - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 2.56%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
PPTY US Diversified Real Estate ETF | 2.56% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% |
Frequently Asked Questions
PPTY and CMDT have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTY has higher volatility (4.88%) compared to CMDT (3.26%). In terms of maximum drawdown, PPTY dropped -41.69% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 11.23% for PPTY. On fees, PPTY is cheaper at 0.49% 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 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PPTY is cheaper with a 0.49% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 2.56% for PPTY.
PPTY is categorized as REIT, while CMDT is Commodities. PPTY tracks USREX - U.S. Diversified Real Estate Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Vident and PIMCO. Their fees differ too: 0.49% for PPTY and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 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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