PRA.TO vs. CMDY
Compare and contrast key facts about Purpose Diversified Real Asset Fund (PRA.TO) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY).
PRA.TO and CMDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018.
Performance
PRA.TO vs. CMDY - Performance Comparison
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PRA.TO vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 23.39% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 14.16% | -4.94% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 22.77% | 10.50% | 14.49% | -11.33% | 22.71% | 25.23% | -0.55% | -0.20% | -4.85% |
Different Trading Currencies
PRA.TO is traded in CAD, while CMDY is traded in USD. To make them comparable, the CMDY values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with PRA.TO having a 23.39% return and CMDY slightly lower at 22.77%.
PRA.TO
- 1D
- -0.05%
- 1M
- 2.97%
- YTD
- 23.39%
- 6M
- 27.47%
- 1Y
- 35.59%
- 3Y*
- 17.29%
- 5Y*
- 16.74%
- 10Y*
- 11.41%
CMDY
- 1D
- -0.68%
- 1M
- 8.28%
- YTD
- 22.77%
- 6M
- 26.03%
- 1Y
- 25.02%
- 3Y*
- 13.44%
- 5Y*
- 15.00%
- 10Y*
- —
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PRA.TO vs. CMDY - Expense Ratio Comparison
Return for Risk
PRA.TO vs. CMDY — Risk / Return Rank
PRA.TO
CMDY
PRA.TO vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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.
| PRA.TO | CMDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 1.62 | +0.84 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.16 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.30 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.57 | +0.12 |
Martin ratioReturn relative to average drawdown | 12.49 | 5.43 | +7.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRA.TO | CMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.62 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.06 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.69 | -0.13 |
Correlation
The correlation between PRA.TO and CMDY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRA.TO vs. CMDY - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.10%, less than CMDY's 10.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 2.10% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.55% | 1.64% | 2.09% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.64% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRA.TO vs. CMDY - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.43%, which is greater than CMDY's maximum drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for PRA.TO and CMDY.
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Drawdown Indicators
| PRA.TO | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.43% | -31.19% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -9.57% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -26.56% | +7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.97% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -13.38% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.06% | -0.22% |
Volatility
PRA.TO vs. CMDY - Volatility Comparison
The current volatility for Purpose Diversified Real Asset Fund (PRA.TO) is 3.66%, while iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a volatility of 6.75%. This indicates that PRA.TO experiences smaller price fluctuations and is considered to be less risky than CMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRA.TO | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 6.75% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 12.30% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 15.49% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 14.20% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 13.19% | +1.23% |