SRHR vs. CMCI

Last updated Jun 26, 2026

SRHR (SRH REIT Covered Call ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - SRHR is a REIT fund actively managed by SRH, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. SRHR is actively managed, while CMCI is passively managed. Over the past year, SRHR returned 15.78% vs 21.49% for CMCI. At a correlation of -0.00, they often move in opposite directions. SRHR charges 0.75%/yr vs 0.65%/yr for CMCI.

Performance

SRHR vs. CMCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SRH REIT Covered Call ETF (SRHR) and VanEck CMCI Commodity Strategy ETF (CMCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SRHR having a 15.32% return and CMCI slightly lower at 15.03%.

SRHR

• 1D: 0.55%
• 1M: 2.10%
• YTD: 15.32%
• 6M: 15.44%
• 1Y: 15.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCI

• 1D: 1.54%
• 1M: -6.08%
• YTD: 15.03%
• 6M: 14.65%
• 1Y: 21.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRHR vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRHR SRH REIT Covered Call ETF	15.32%	-0.91%	3.94%	15.98%
CMCI VanEck CMCI Commodity Strategy ETF	15.03%	7.90%	5.68%	-3.41%

Correlation

The correlation between SRHR and CMCI 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 (All Time) Calculated using the full available price history since Nov 2, 2023	-0.00

Return for Risk

SRHR vs. CMCI — Risk / Return Rank

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

SRHR

SRHR Risk / Return Rank: 37
SRHR Sharpe Ratio Rank: 37
SRHR Sortino Ratio Rank: 36
SRHR Omega Ratio Rank: 33
SRHR Calmar Ratio Rank: 42
SRHR Martin Ratio Rank: 39

CMCI

CMCI Risk / Return Rank: 56
CMCI Sharpe Ratio Rank: 60
CMCI Sortino Ratio Rank: 59
CMCI Omega Ratio Rank: 57
CMCI Calmar Ratio Rank: 44
CMCI 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.

SRHR vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.

	SRHR	CMCI	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.76	-0.55
Sortino ratio: Return per unit of downside risk	1.74	2.45	-0.72
Omega ratio: Gain probability vs. loss probability	1.21	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.90	2.00	-0.10
Martin ratio: Return relative to average drawdown	5.60	9.03	-3.43

SRHR vs. CMCI - Sharpe Ratio Comparison

The current SRHR Sharpe Ratio is 1.21, which is lower than the CMCI Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SRHR and CMCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SRHR vs. CMCI - Drawdown Comparison

The maximum SRHR drawdown since its inception was -18.68%, which is greater than CMCI's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for SRHR and CMCI.

Drawdown Indicators

	SRHR	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-11.54%	-7.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-10.77%	+2.43%
Current Drawdown Current decline from peak	0.00%	-9.40%	+9.40%
Average Drawdown Average peak-to-trough decline	-4.82%	-3.62%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.39%	+0.44%

Volatility

SRHR vs. CMCI - Volatility Comparison

SRH REIT Covered Call ETF (SRHR) has a higher volatility of 4.27% compared to VanEck CMCI Commodity Strategy ETF (CMCI) at 3.73%. This indicates that SRHR's price experiences larger fluctuations and is considered to be riskier than CMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRHR	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	3.73%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	10.41%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	13.20%	12.30%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	12.65%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	12.65%	+3.16%

SRHR vs. CMCI - Expense Ratio Comparison

SRHR has a 0.75% expense ratio, which is higher than CMCI's 0.65% expense ratio.

Dividends

SRHR vs. CMCI - Dividend Comparison

SRHR's dividend yield for the trailing twelve months is around 6.70%, less than CMCI's 8.60% yield.

Position	TTM	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	8.60%	9.89%	3.93%	1.64%
SRHR SRH REIT Covered Call ETF	6.70%	7.07%	6.90%	0.95%

Frequently Asked Questions

Can I hold both SRHR and CMCI in my portfolio?

SRHR and CMCI 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.

Which is riskier, SRHR or CMCI?

SRHR has higher volatility (4.27%) compared to CMCI (3.73%). In terms of maximum drawdown, SRHR dropped -18.68% vs CMCI's -11.54%.

Which ETF is better, SRHR or CMCI?

On 1-year performance, CMCI leads with 21.49% vs 15.78% for SRHR. On fees, CMCI is cheaper at 0.65% per year. On volatility, CMCI has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRHR or CMCI?

Over the 1-year period, CMCI has performed better with a 21.49% return vs 15.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRHR or CMCI?

CMCI is cheaper with a 0.65% expense ratio, compared with 0.75% for SRHR.

Which ETF pays a higher dividend yield, SRHR or CMCI?

CMCI has the higher dividend yield at 8.60%, compared with 6.70% for SRHR.

What is the main difference between SRHR and CMCI?

SRHR is categorized as REIT, while CMCI is Commodities. They also come from different issuers: SRH and VanEck. Their fees differ too: 0.75% for SRHR and 0.65% for CMCI.

Which has better risk-adjusted returns?

CMCI currently has the higher Sharpe Ratio (1.76 vs 1.21), 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.