SIXS vs. CMDT
SIXS (6 Meridian Small Cap Equity ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - SIXS is a Small Cap Blend Equities fund actively managed by Exchange Traded Concepts, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. SIXS is actively managed, while CMDT is passively managed. Over the past 3 years, SIXS returned 13.07%/yr vs 12.77%/yr for CMDT. At a 0.11 correlation, their price movements are largely independent. SIXS charges 1.00%/yr vs 0.65%/yr for CMDT.
Performance
SIXS vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, SIXS achieves a 12.13% return, which is significantly lower than CMDT's 13.43% return.
SIXS
- 1D
- 1.61%
- 1M
- 4.24%
- YTD
- 12.13%
- 6M
- 11.48%
- 1Y
- 23.12%
- 3Y*
- 13.07%
- 5Y*
- 4.69%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
SIXS vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 12.13% | 4.59% | 5.85% | 21.14% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between SIXS 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.11 |
The correlation between SIXS and CMDT shifts across timeframes, from -0.09 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXS vs. CMDT — Risk / Return Rank
SIXS
CMDT
SIXS vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) 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.
| SIXS | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.93 | +1.31 |
| Martin ratioReturn relative to average drawdown | 9.73 | 9.62 | +0.10 |
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Drawdowns
SIXS vs. CMDT - Drawdown Comparison
The maximum SIXS drawdown since its inception was -27.68%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for SIXS and CMDT.
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Drawdown Indicators
| SIXS | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -11.11% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -11.11% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -11.11% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.11% | +11.11% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -2.77% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.25% | +0.13% |
Volatility
SIXS vs. CMDT - Volatility Comparison
6 Meridian Small Cap Equity ETF (SIXS) has a higher volatility of 3.81% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that SIXS'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.
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Volatility by Period
| SIXS | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.26% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 10.60% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 12.65% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 12.24% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 12.24% | +7.38% |
SIXS vs. CMDT - Expense Ratio Comparison
SIXS has a 1.00% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
SIXS vs. CMDT - Dividend Comparison
SIXS's dividend yield for the trailing twelve months is around 1.70%, less 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% |
SIXS 6 Meridian Small Cap Equity ETF | 1.70% | 1.62% | 1.09% | 1.60% | 1.37% | 0.94% | 0.45% |
Frequently Asked Questions
SIXS 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.
SIXS has higher volatility (3.81%) compared to CMDT (3.26%). In terms of maximum drawdown, SIXS dropped -27.68% vs CMDT's -11.11%.
On 3-year performance, SIXS leads with 13.07% vs 12.77% for CMDT. On fees, CMDT is cheaper at 0.65% 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, SIXS has performed better with a 13.07% return vs 12.77%. 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 1.00% for SIXS.
CMDT has the higher dividend yield at 2.67%, compared with 1.70% for SIXS.
SIXS is categorized as Small Cap Blend Equities, while CMDT is Commodities. They also come from different issuers: Exchange Traded Concepts and PIMCO. Their fees differ too: 1.00% for SIXS and 0.65% for CMDT.
SIXS currently has the higher Sharpe Ratio (1.71 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.
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