PTH vs. CMDT
PTH (Invesco DWA Healthcare Momentum ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - PTH is a Momentum fund tracking the Dorsey Wright Healthcare Technical Leaders 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, PTH returned 12.29%/yr vs 12.77%/yr for CMDT. At a 0.01 correlation, their price movements are largely independent. PTH charges 0.60%/yr vs 0.65%/yr for CMDT.
Performance
PTH vs. CMDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PTH achieves a 10.66% return, which is significantly lower than CMDT's 13.43% return.
PTH
- 1D
- 0.84%
- 1M
- 7.38%
- YTD
- 10.66%
- 6M
- 8.96%
- 1Y
- 47.97%
- 3Y*
- 12.29%
- 5Y*
- 0.29%
- 10Y*
- 14.65%
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
PTH vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 10.66% | 27.91% | 2.36% | -4.89% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between PTH and CMDT is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.01 |
The correlation between PTH and CMDT shifts across timeframes, from -0.15 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PTH vs. CMDT — Risk / Return Rank
PTH
CMDT
PTH vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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.
| PTH | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.93 | +2.09 |
| Martin ratioReturn relative to average drawdown | 10.05 | 9.62 | +0.43 |
Loading charts...
Drawdowns
PTH vs. CMDT - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for PTH and CMDT.
Loading charts...
Drawdown Indicators
| PTH | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.52% | -11.11% | -42.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -11.11% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -11.11% | -16.98% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.52% | — | — |
Current DrawdownCurrent decline from peak | -9.70% | -11.11% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -16.99% | -2.77% | -14.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.25% | +2.54% |
Volatility
PTH vs. CMDT - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 9.29% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that PTH'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.
Loading charts...
Volatility by Period
| PTH | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 3.26% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 10.60% | +8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.06% | 12.65% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 12.24% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.30% | 12.24% | +15.06% |
PTH vs. CMDT - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
PTH vs. CMDT - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 2.78%, more than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% |
PTH Invesco DWA Healthcare Momentum ETF | 2.78% | 3.07% | 0.06% | 0.00% |
Frequently Asked Questions
PTH and CMDT have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTH has higher volatility (9.29%) compared to CMDT (3.26%). In terms of maximum drawdown, PTH dropped -53.52% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 12.29% for PTH. On fees, PTH is cheaper at 0.60% 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 12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTH is cheaper with a 0.60% expense ratio, compared with 0.65% for CMDT.
PTH has the higher dividend yield at 2.78%, compared with 2.67% for CMDT.
PTH is categorized as Momentum, while CMDT is Commodities. PTH tracks Dorsey Wright Healthcare Technical Leaders Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.60% for PTH and 0.65% for CMDT.
PTH currently has the higher Sharpe Ratio (2.00 vs 1.71), 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.
Find the right allocation for PTH and CMDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer