PUSH vs. COM

Last updated Jun 23, 2026

PUSH (PGIM Ultra Short Municipal Bond ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both exchange-traded funds - PUSH is a Municipal Bonds fund actively managed by PGIM, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. PUSH is actively managed, while COM is passively managed. Over the past year, PUSH returned 3.68% vs 18.69% for COM. At a correlation of -0.08, they often move in opposite directions. PUSH charges 0.15%/yr vs 0.70%/yr for COM.

Performance

PUSH vs. COM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Ultra Short Municipal Bond ETF (PUSH) 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, PUSH achieves a 1.42% return, which is significantly lower than COM's 12.48% return.

PUSH

• 1D: 0.04%
• 1M: 0.47%
• YTD: 1.42%
• 6M: 1.51%
• 1Y: 3.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COM

• 1D: -0.24%
• 1M: -3.92%
• YTD: 12.48%
• 6M: 12.53%
• 1Y: 18.69%
• 3Y*: 6.70%
• 5Y*: 8.18%
• 10Y*: —

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

PUSH vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PUSH PGIM Ultra Short Municipal Bond ETF	1.42%	4.16%	1.74%
COM Direxion Auspice Broad Commodity Strategy ETF	12.48%	7.72%	-0.39%

Correlation

The correlation between PUSH and COM 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 (All Time) Calculated using the full available price history since Jun 28, 2024	-0.08

Return for Risk

PUSH vs. COM — Risk / Return Rank

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

PUSH

PUSH Risk / Return Rank: 88
PUSH Sharpe Ratio Rank: 79
PUSH Sortino Ratio Rank: 86
PUSH Omega Ratio Rank: 94
PUSH Calmar Ratio Rank: 95
PUSH Martin Ratio Rank: 88

COM

COM Risk / Return Rank: 54
COM Sharpe Ratio Rank: 54
COM Sortino Ratio Rank: 51
COM Omega Ratio Rank: 55
COM Calmar Ratio Rank: 57
COM Martin Ratio Rank: 54

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.

PUSH vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Municipal Bond ETF (PUSH) 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.

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.

	PUSH	COM	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.79	+0.64
Sortino ratio: Return per unit of downside risk	3.66	2.42	+1.25
Omega ratio: Gain probability vs. loss probability	1.67	1.33	+0.34
Calmar ratio: Return relative to maximum drawdown	7.36	2.76	+4.60
Martin ratio: Return relative to average drawdown	18.28	9.09	+9.18

PUSH vs. COM - Sharpe Ratio Comparison

The current PUSH Sharpe Ratio is 2.42, which is higher than the COM Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of PUSH 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.

Drawdowns

PUSH vs. COM - Drawdown Comparison

The maximum PUSH drawdown since its inception was -0.85%, smaller than the maximum COM drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for PUSH and COM.

Drawdown Indicators

	PUSH	COM	Difference
Max Drawdown Largest peak-to-trough decline	-0.85%	-15.95%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	-6.81%	+6.31%
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	-0.01%	-6.61%	+6.60%
Average Drawdown Average peak-to-trough decline	-0.10%	-6.28%	+6.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	2.10%	-1.90%

Volatility

PUSH vs. COM - Volatility Comparison

The current volatility for PGIM Ultra Short Municipal Bond ETF (PUSH) is 0.27%, while Direxion Auspice Broad Commodity Strategy ETF (COM) has a volatility of 2.13%. This indicates that PUSH 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

	PUSH	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	2.13%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	0.99%	8.54%	-7.55%
Volatility (1Y) Calculated over the trailing 1-year period	1.53%	10.54%	-9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	9.53%	-8.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	9.76%	-8.47%

PUSH vs. COM - Expense Ratio Comparison

PUSH has a 0.15% expense ratio, which is lower than COM's 0.70% expense ratio.

Dividends

PUSH vs. COM - Dividend Comparison

PUSH's dividend yield for the trailing twelve months is around 3.23%, more than COM's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.51%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
PUSH PGIM Ultra Short Municipal Bond ETF	3.23%	3.45%	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PUSH and COM in my portfolio?

PUSH and COM 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.

Which is riskier, PUSH or COM?

COM has higher volatility (2.13%) compared to PUSH (0.27%). In terms of maximum drawdown, PUSH dropped -0.85% vs COM's -15.95%.

Which ETF is better, PUSH or COM?

On 1-year performance, COM leads with 18.69% vs 3.68% for PUSH. On fees, PUSH is cheaper at 0.15% per year. On volatility, PUSH has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PUSH or COM?

Over the 1-year period, COM has performed better with a 18.69% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PUSH or COM?

PUSH is cheaper with a 0.15% expense ratio, compared with 0.70% for COM.

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

PUSH has the higher dividend yield at 3.23%, compared with 2.51% for COM.

What is the main difference between PUSH and COM?

PUSH is categorized as Municipal Bonds, while COM is Commodities. They also come from different issuers: PGIM and Direxion. Their fees differ too: 0.15% for PUSH and 0.70% for COM.

Which has better risk-adjusted returns?

PUSH currently has the higher Sharpe Ratio (2.42 vs 1.79), 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.