PRIV vs. COM

Last updated Jun 4, 2026

PRIV (State Street IG Public & Private Credit ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both exchange-traded funds - PRIV is a Intermediate Core-Plus Bond fund actively managed by State Street, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. PRIV is actively managed, while COM is passively managed. Over the past year, PRIV returned 6.08% vs 22.41% for COM. At a correlation of -0.16, they often move in opposite directions. PRIV charges 0.55%/yr vs 0.70%/yr for COM.

Performance

PRIV vs. COM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street IG Public & Private Credit ETF (PRIV) and Direxion Auspice Broad Commodity Strategy ETF (COM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIV achieves a 0.55% return, which is significantly lower than COM's 14.96% return.

PRIV

• 1D: -0.26%
• 1M: 0.15%
• YTD: 0.55%
• 6M: 0.46%
• 1Y: 6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COM

• 1D: -0.76%
• 1M: -2.14%
• YTD: 14.96%
• 6M: 14.36%
• 1Y: 22.41%
• 3Y*: 7.16%
• 5Y*: 8.28%
• 10Y*: —

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

PRIV vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025
PRIV State Street IG Public & Private Credit ETF	0.55%	5.21%
COM Direxion Auspice Broad Commodity Strategy ETF	14.96%	5.89%

Correlation

The correlation between PRIV and COM is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	-0.16

Return for Risk

PRIV vs. COM — Risk / Return Rank

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

PRIV

PRIV Risk / Return Rank: 50
PRIV Sharpe Ratio Rank: 49
PRIV Sortino Ratio Rank: 53
PRIV Omega Ratio Rank: 49
PRIV Calmar Ratio Rank: 49
PRIV Martin Ratio Rank: 48

COM

COM Risk / Return Rank: 70
COM Sharpe Ratio Rank: 64
COM Sortino Ratio Rank: 60
COM Omega Ratio Rank: 67
COM Calmar Ratio Rank: 87
COM Martin Ratio Rank: 75

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.

PRIV vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private Credit ETF (PRIV) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.

	PRIV	COM	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.16	-0.51
Sortino ratio: Return per unit of downside risk	2.52	2.89	-0.37
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	2.40	4.95	-2.55
Martin ratio: Return relative to average drawdown	7.79	14.37	-6.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIV vs. COM - Sharpe Ratio Comparison

The current PRIV Sharpe Ratio is 1.65, which is comparable to the COM Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PRIV and COM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRIV	COM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	2.16	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.72	+0.38

Drawdowns

PRIV vs. COM - Drawdown Comparison

The maximum PRIV drawdown since its inception was -2.75%, smaller than the maximum COM drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for PRIV and COM.

Drawdown Indicators

	PRIV	COM	Difference
Max Drawdown Largest peak-to-trough decline	-2.75%	-15.95%	+13.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-4.55%	+2.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.02%	—
Current Drawdown Current decline from peak	-1.16%	-4.55%	+3.39%
Average Drawdown Average peak-to-trough decline	-0.66%	-6.28%	+5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.56%	-0.78%

Volatility

PRIV vs. COM - Volatility Comparison

The current volatility for State Street IG Public & Private Credit ETF (PRIV) is 1.37%, while Direxion Auspice Broad Commodity Strategy ETF (COM) has a volatility of 4.04%. This indicates that PRIV experiences smaller price fluctuations and is considered to be less risky than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIV	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	4.04%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	8.60%	-5.92%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	10.41%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.15%	9.60%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.15%	9.77%	-5.62%

PRIV vs. COM - Expense Ratio Comparison

PRIV has a 0.55% expense ratio, which is lower than COM's 0.70% expense ratio.

Dividends

PRIV vs. COM - Dividend Comparison

PRIV's dividend yield for the trailing twelve months is around 4.60%, more than COM's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.46%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
PRIV State Street IG Public & Private Credit ETF	4.60%	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRIV and COM in my portfolio?

PRIV and COM have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRIV or COM?

COM has higher volatility (4.04%) compared to PRIV (1.37%). In terms of maximum drawdown, PRIV dropped -2.75% vs COM's -15.95%.

Which ETF is better, PRIV or COM?

On 1-year performance, COM leads with 22.41% vs 6.08% for PRIV. On fees, PRIV is cheaper at 0.55% per year. On volatility, PRIV has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRIV or COM?

Over the 1-year period, COM has performed better with a 22.41% return vs 6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRIV or COM?

PRIV is cheaper with a 0.55% expense ratio, compared with 0.70% for COM.

Which ETF pays a higher dividend yield, PRIV or COM?

PRIV has the higher dividend yield at 4.60%, compared with 2.46% for COM.

What is the main difference between PRIV and COM?

PRIV is categorized as Intermediate Core-Plus Bond, while COM is Commodities. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.55% for PRIV and 0.70% for COM.

Which has better risk-adjusted returns?

COM currently has the higher Sharpe Ratio (2.16 vs 1.65), 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.