SIXD vs. CMDT

Last updated Jun 24, 2026

SIXD (AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - SIXD is a Defined Outcome fund actively managed by Allianz, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. SIXD is actively managed, while CMDT is passively managed. At a correlation of -0.09, they often move in opposite directions. SIXD charges 0.74%/yr vs 0.65%/yr for CMDT.

Performance

SIXD vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) 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, SIXD achieves a 5.81% return, which is significantly lower than CMDT's 13.43% return.

SIXD

• 1D: -0.61%
• 1M: -0.75%
• YTD: 5.81%
• 6M: 5.37%
• 1Y: —
• 3Y*: —
• 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)

SIXD vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	5.81%	-0.00%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	13.43%	1.53%

Correlation

The correlation between SIXD 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 (All Time) Calculated using the full available price history since Dec 22, 2025	-0.09

Return for Risk

SIXD vs. CMDT — Risk / Return Rank

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

SIXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SIXD vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) 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.

	SIXD	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	1.93	—
Martin ratio: Return relative to average drawdown	—	9.62	—

Drawdowns

SIXD vs. CMDT - Drawdown Comparison

The maximum SIXD drawdown since its inception was -4.69%, smaller than the maximum CMDT drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for SIXD and CMDT.

Drawdown Indicators

	SIXD	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-11.11%	+6.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.11%	—
Current Drawdown Current decline from peak	-1.30%	-11.11%	+9.81%
Average Drawdown Average peak-to-trough decline	-0.80%	-2.77%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	SIXD	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.64%	12.65%	-5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	12.24%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	12.24%	-4.60%

SIXD vs. CMDT - Expense Ratio Comparison

SIXD has a 0.74% expense ratio, which is higher than CMDT's 0.65% expense ratio.

Dividends

SIXD vs. CMDT - Dividend Comparison

SIXD has not paid dividends to shareholders, while CMDT's dividend yield for the trailing twelve months is around 2.67%.

Position	TTM	2025	2024	2023
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.67%	3.04%	8.80%	2.71%
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIXD and CMDT in my portfolio?

SIXD 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 ETF is better, SIXD or CMDT?

On fees, CMDT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXD or CMDT?

CMDT is cheaper with a 0.65% expense ratio, compared with 0.74% for SIXD.

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

CMDT has the higher dividend yield at 2.67%, compared with 0.00% for SIXD.

What is the main difference between SIXD and CMDT?

SIXD is categorized as Defined Outcome, while CMDT is Commodities. They also come from different issuers: Allianz and PIMCO. Their fees differ too: 0.74% for SIXD and 0.65% for CMDT.