SMTC vs. CMDT
SMTC (Semtech Corporation) is a stock, while CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) is Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Over the past 3 years, SMTC returned 63.08%/yr vs 13.00%/yr for CMDT. At a 0.05 correlation, their price movements are largely independent.
Performance
SMTC vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, SMTC achieves a 73.23% return, which is significantly higher than CMDT's 17.48% return.
SMTC
- 1D
- -5.60%
- 1M
- -21.00%
- 6M
- 65.22%
- YTD
- 73.23%
- 1Y
- 162.33%
- 3Y*
- 63.08%
- 5Y*
- 15.95%
- 10Y*
- 18.00%
CMDT
- 1D
- -0.62%
- 1M
- 0.86%
- 6M
- 14.65%
- YTD
- 17.48%
- 1Y
- 26.33%
- 3Y*
- 13.00%
- 5Y*
- —
- 10Y*
- —
SMTC vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMTC Semtech Corporation | 73.23% | 19.14% | 182.29% | 16.48% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 17.48% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between SMTC and CMDT is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.05 |
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Return for Risk
SMTC vs. CMDT — Risk / Return Rank
SMTC
CMDT
SMTC vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Semtech Corporation (SMTC) 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.
| SMTC | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.91 | 2.00 | +3.91 |
| Martin ratioReturn relative to average drawdown | 18.07 | 7.54 | +10.53 |
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Drawdowns
SMTC vs. CMDT - Drawdown Comparison
The maximum SMTC drawdown since its inception was -85.40%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for SMTC and CMDT.
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Drawdown Indicators
| SMTC | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.40% | -13.23% | -72.17% |
Max Drawdown (1Y)Largest decline over 1 year | -27.66% | -13.23% | -14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -68.45% | -13.23% | -55.22% |
Max Drawdown (5Y)Largest decline over 5 years | -85.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.40% | — | — |
Current DrawdownCurrent decline from peak | -26.94% | -7.94% | -19.00% |
Average DrawdownAverage peak-to-trough decline | -47.80% | -2.93% | -44.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.02% | 3.50% | +5.52% |
Volatility
SMTC vs. CMDT - Volatility Comparison
Semtech Corporation (SMTC) has a higher volatility of 28.19% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 4.44%. This indicates that SMTC'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
| SMTC | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.19% | 4.44% | +23.75% |
Volatility (6M)Calculated over the trailing 6-month period | 54.89% | 11.04% | +43.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.40% | 12.91% | +55.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.16% | 12.32% | +51.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.41% | 12.32% | +42.09% |
Dividends
SMTC vs. CMDT - Dividend Comparison
SMTC has not paid dividends to shareholders, while CMDT's dividend yield for the trailing twelve months is around 2.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.63% | 3.04% | 8.80% | 2.71% |
SMTC Semtech Corporation | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMTC and CMDT have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMTC has higher volatility (28.19%) compared to CMDT (4.44%). In terms of maximum drawdown, SMTC dropped -85.40% vs CMDT's -13.23%.
SMTC currently has the higher Sharpe Ratio (2.39 vs 2.05), 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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