RMIF vs. CMDT

Last updated Jun 24, 2026

RMIF (LHA Risk-Managed Income ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - RMIF is a Multisector Bonds fund actively managed by Little Harbor Advisors, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. RMIF is actively managed, while CMDT is passively managed. Over the past 3 years, RMIF returned 4.86%/yr vs 12.77%/yr for CMDT. At a 0.07 correlation, their price movements are largely independent. RMIF charges 1.38%/yr vs 0.65%/yr for CMDT.

Performance

RMIF vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Risk-Managed Income ETF (RMIF) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMIF achieves a -0.77% return, which is significantly lower than CMDT's 13.43% return.

RMIF

• 1D: -0.09%
• 1M: 0.33%
• YTD: -0.77%
• 6M: -0.62%
• 1Y: 2.72%
• 3Y*: 4.86%
• 5Y*: —
• 10Y*: —

CMDT

• 1D: -1.14%
• 1M: -8.86%
• YTD: 13.43%
• 6M: 13.42%
• 1Y: 21.34%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

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

RMIF vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMIF LHA Risk-Managed Income ETF	-0.77%	4.36%	7.00%	4.09%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	13.43%	12.78%	6.93%	6.39%

Correlation

The correlation between RMIF and CMDT is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	0.07

The correlation between RMIF and CMDT shifts across timeframes, from -0.09 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RMIF vs. CMDT — Risk / Return Rank

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

RMIF

RMIF Risk / Return Rank: 28
RMIF Sharpe Ratio Rank: 30
RMIF Sortino Ratio Rank: 30
RMIF Omega Ratio Rank: 30
RMIF Calmar Ratio Rank: 25
RMIF Martin Ratio Rank: 25

CMDT

CMDT Risk / Return Rank: 50
CMDT Sharpe Ratio Rank: 53
CMDT Sortino Ratio Rank: 52
CMDT Omega Ratio Rank: 48
CMDT Calmar Ratio Rank: 41
CMDT Martin Ratio Rank: 58

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.

RMIF vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Risk-Managed Income ETF (RMIF) 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.

	RMIF	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.71	-0.67
Sortino ratio: Return per unit of downside risk	1.50	2.39	-0.89
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.16	1.93	-0.77
Martin ratio: Return relative to average drawdown	3.02	9.62	-6.60

RMIF vs. CMDT - Sharpe Ratio Comparison

The current RMIF Sharpe Ratio is 1.04, which is lower than the CMDT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RMIF and CMDT, 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

RMIF vs. CMDT - Drawdown Comparison

The maximum RMIF drawdown since its inception was -3.01%, smaller than the maximum CMDT drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for RMIF and CMDT.

Drawdown Indicators

	RMIF	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-11.11%	+8.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-11.11%	+8.74%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-11.11%	+8.10%
Current Drawdown Current decline from peak	-1.23%	-11.11%	+9.88%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.77%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	2.25%	-1.35%

Volatility

RMIF vs. CMDT - Volatility Comparison

The current volatility for LHA Risk-Managed Income ETF (RMIF) is 0.62%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.26%. This indicates that RMIF experiences smaller price fluctuations and is considered to be less risky than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMIF	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	3.26%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	10.60%	-8.60%
Volatility (1Y) Calculated over the trailing 1-year period	2.65%	12.65%	-10.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	12.24%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	12.24%	-9.65%

RMIF vs. CMDT - Expense Ratio Comparison

RMIF has a 1.38% expense ratio, which is higher than CMDT's 0.65% expense ratio.

Dividends

RMIF vs. CMDT - Dividend Comparison

RMIF's dividend yield for the trailing twelve months is around 5.29%, 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%
RMIF LHA Risk-Managed Income ETF	5.29%	5.70%	6.61%	3.70%

Frequently Asked Questions

Can I hold both RMIF and CMDT in my portfolio?

RMIF and CMDT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMIF or CMDT?

CMDT has higher volatility (3.26%) compared to RMIF (0.62%). In terms of maximum drawdown, RMIF dropped -3.01% vs CMDT's -11.11%.

Which ETF is better, RMIF or CMDT?

On 3-year performance, CMDT leads with 12.77% vs 4.86% for RMIF. On fees, CMDT is cheaper at 0.65% per year. On volatility, RMIF has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMIF or CMDT?

Over the 3-year period, CMDT has performed better with a 12.77% return vs 4.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMIF or CMDT?

CMDT is cheaper with a 0.65% expense ratio, compared with 1.38% for RMIF.

Which ETF pays a higher dividend yield, RMIF or CMDT?

RMIF has the higher dividend yield at 5.29%, compared with 2.67% for CMDT.

What is the main difference between RMIF and CMDT?

RMIF is categorized as Multisector Bonds, while CMDT is Commodities. They also come from different issuers: Little Harbor Advisors and PIMCO. Their fees differ too: 1.38% for RMIF and 0.65% for CMDT.

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (1.71 vs 1.04), 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.