PSCF vs. CMDY
PSCF (Invesco S&P SmallCap Financials ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - PSCF is a Financials Equities fund tracking the S&P SmallCap 600 Financials Index, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 5 years, PSCF returned 5.66%/yr vs 9.43%/yr for CMDY. At a 0.16 correlation, their price movements are largely independent. PSCF charges 0.29%/yr vs 0.28%/yr for CMDY.
Performance
PSCF vs. CMDY - Performance Comparison
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Returns By Period
In the year-to-date period, PSCF achieves a 15.66% return, which is significantly lower than CMDY's 16.78% return.
PSCF
- 1D
- 0.27%
- 1M
- 3.34%
- 6M
- 12.09%
- YTD
- 15.66%
- 1Y
- 20.98%
- 3Y*
- 18.03%
- 5Y*
- 5.66%
- 10Y*
- 7.53%
CMDY
- 1D
- -0.07%
- 1M
- -1.66%
- 6M
- 14.34%
- YTD
- 16.78%
- 1Y
- 24.63%
- 3Y*
- 11.79%
- 5Y*
- 9.43%
- 10Y*
- —
PSCF vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | 15.66% | 6.19% | 15.50% | 6.02% | -19.34% | 27.82% | -9.07% | 23.13% | -6.92% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 16.78% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.13% |
Correlation
The correlation between PSCF and CMDY is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.16 |
The correlation between PSCF and CMDY shifts across timeframes, from -0.17 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCF vs. CMDY — Risk / Return Rank
PSCF
CMDY
PSCF vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) 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.
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.
| PSCF | CMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.81 | +0.22 |
| Martin ratioReturn relative to average drawdown | 5.39 | 6.24 | -0.85 |
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Drawdowns
PSCF vs. CMDY - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than CMDY's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for PSCF and CMDY.
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Drawdown Indicators
| PSCF | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.46% | -31.19% | -14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -14.23% | +4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -14.23% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.77% | -26.56% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -10.60% | +9.79% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -13.11% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.11% | -0.39% |
Volatility
PSCF vs. CMDY - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) have volatilities of 4.23% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCF | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.20% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 14.35% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 16.45% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 15.80% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.73% | 14.65% | +10.08% |
PSCF vs. CMDY - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Dividends
PSCF vs. CMDY - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.17%, less than CMDY's 11.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.04% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% | 0.00% | 0.00% |
PSCF Invesco S&P SmallCap Financials ETF | 2.17% | 2.09% | 2.48% | 3.32% | 2.93% | 1.83% | 3.57% | 4.27% | 4.21% | 2.26% | 3.01% | 2.37% |
Frequently Asked Questions
PSCF and CMDY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCF has higher volatility (4.23%) compared to CMDY (4.20%). In terms of maximum drawdown, PSCF dropped -45.46% vs CMDY's -31.19%.
On 5-year performance, CMDY leads with 9.43% vs 5.66% for PSCF. On fees, CMDY is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CMDY has performed better with a 9.43% return vs 5.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.29% for PSCF.
CMDY has the higher dividend yield at 11.04%, compared with 2.17% for PSCF.
PSCF is categorized as Financials Equities, while CMDY is Commodities. PSCF tracks S&P SmallCap 600 Financials Index, while CMDY tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for PSCF and 0.28% for CMDY.
CMDY currently has the higher Sharpe Ratio (1.56 vs 1.16), 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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