SQLV vs. CMDT
SQLV (Royce Quant Small-Cap Quality Value ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - SQLV is a Small Cap Value Equities fund actively managed by Franklin Templeton, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. SQLV is actively managed, while CMDT is passively managed. Over the past 3 years, SQLV returned 13.42%/yr vs 12.77%/yr for CMDT. At a 0.09 correlation, their price movements are largely independent. SQLV charges 0.60%/yr vs 0.65%/yr for CMDT.
Performance
SQLV vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, SQLV achieves a 16.34% return, which is significantly higher than CMDT's 13.43% return.
SQLV
- 1D
- 0.83%
- 1M
- 3.63%
- YTD
- 16.34%
- 6M
- 15.01%
- 1Y
- 28.84%
- 3Y*
- 13.42%
- 5Y*
- 7.15%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
SQLV vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SQLV Royce Quant Small-Cap Quality Value ETF | 16.34% | 2.50% | 4.76% | 23.11% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between SQLV and CMDT is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.09 |
The correlation between SQLV and CMDT shifts across timeframes, from -0.07 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SQLV vs. CMDT — Risk / Return Rank
SQLV
CMDT
SQLV vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Quant Small-Cap Quality Value ETF (SQLV) 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.
| SQLV | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 1.93 | +1.35 |
| Martin ratioReturn relative to average drawdown | 9.82 | 9.62 | +0.20 |
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Drawdowns
SQLV vs. CMDT - Drawdown Comparison
The maximum SQLV drawdown since its inception was -48.34%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for SQLV and CMDT.
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Drawdown Indicators
| SQLV | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.34% | -11.11% | -37.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -11.11% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.86% | -11.11% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -11.11% | +10.15% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -2.77% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.25% | +0.70% |
Volatility
SQLV vs. CMDT - Volatility Comparison
Royce Quant Small-Cap Quality Value ETF (SQLV) has a higher volatility of 4.55% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that SQLV'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
| SQLV | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 3.26% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 10.60% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 12.65% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 12.24% | +8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 12.24% | +11.08% |
SQLV vs. CMDT - Expense Ratio Comparison
SQLV has a 0.60% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
SQLV vs. CMDT - Dividend Comparison
SQLV's dividend yield for the trailing twelve months is around 1.01%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQLV Royce Quant Small-Cap Quality Value ETF | 1.01% | 1.15% | 1.11% | 1.09% | 1.24% | 1.12% | 1.22% | 1.20% | 1.08% | 0.40% |
Frequently Asked Questions
SQLV and CMDT have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQLV has higher volatility (4.55%) compared to CMDT (3.26%). In terms of maximum drawdown, SQLV dropped -48.34% vs CMDT's -11.11%.
On 3-year performance, SQLV leads with 13.42% vs 12.77% for CMDT. On fees, SQLV is cheaper at 0.60% 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, SQLV has performed better with a 13.42% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SQLV is cheaper with a 0.60% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 1.01% for SQLV.
SQLV is categorized as Small Cap Value Equities, while CMDT is Commodities. They also come from different issuers: Franklin Templeton and PIMCO. Their fees differ too: 0.60% for SQLV and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 1.64), 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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