RTAI vs. CMDT
RTAI (Rareview Tax Advantaged Income ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - RTAI is a Municipal Bonds fund actively managed by Rareview Funds, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. RTAI is actively managed, while CMDT is passively managed. Over the past 3 years, RTAI returned 7.08%/yr vs 12.77%/yr for CMDT. At a correlation of -0.03, they often move in opposite directions. RTAI charges 3.78%/yr vs 0.65%/yr for CMDT.
Performance
RTAI vs. CMDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RTAI achieves a 3.90% return, which is significantly lower than CMDT's 13.43% return.
RTAI
- 1D
- 0.35%
- 1M
- 3.23%
- YTD
- 3.90%
- 6M
- 4.64%
- 1Y
- 11.68%
- 3Y*
- 7.08%
- 5Y*
- -0.71%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
RTAI vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 3.90% | 5.54% | 7.17% | 4.14% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between RTAI and CMDT is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.03 |
The correlation between RTAI and CMDT shifts across timeframes, from -0.14 (1 year) to -0.02 (3 years), 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
RTAI vs. CMDT — Risk / Return Rank
RTAI
CMDT
RTAI vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) 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.
| RTAI | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.93 | -0.03 |
| Martin ratioReturn relative to average drawdown | 7.69 | 9.62 | -1.93 |
Loading charts...
Drawdowns
RTAI vs. CMDT - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for RTAI and CMDT.
Loading charts...
Drawdown Indicators
| RTAI | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -11.11% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -11.11% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -11.11% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -11.11% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -13.76% | -2.77% | -10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.25% | -0.73% |
Volatility
RTAI vs. CMDT - Volatility Comparison
The current volatility for Rareview Tax Advantaged Income ETF (RTAI) is 2.02%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.26%. This indicates that RTAI 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.
Loading charts...
Volatility by Period
| RTAI | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.26% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 10.60% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 12.65% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.36% | 12.24% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 12.24% | -3.21% |
RTAI vs. CMDT - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
RTAI vs. CMDT - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 4.98%, more than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% |
RTAI Rareview Tax Advantaged Income ETF | 4.98% | 5.66% | 5.02% | 3.07% | 3.71% | 4.73% | 0.48% |
Frequently Asked Questions
RTAI and CMDT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.26%) compared to RTAI (2.02%). In terms of maximum drawdown, RTAI dropped -34.32% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 7.08% for RTAI. On fees, CMDT is cheaper at 0.65% per year. On volatility, RTAI has been the lower-risk option at 2.02%. 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 7.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 3.78% for RTAI.
RTAI has the higher dividend yield at 4.98%, compared with 2.67% for CMDT.
RTAI is categorized as Municipal Bonds, while CMDT is Commodities. They also come from different issuers: Rareview Funds and PIMCO. Their fees differ too: 3.78% for RTAI and 0.65% for CMDT.
RTAI currently has the higher Sharpe Ratio (1.75 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 RTAI 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