STBF vs. CMCI

Last updated Jul 14, 2026

STBF (Performance Trust Short Term Bond ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - STBF is a Short-Term Bond fund actively managed by Performance Trust, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. STBF is actively managed, while CMCI is passively managed. Over the past year, STBF returned 4.94% vs 24.57% for CMCI. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.65% expense ratio.

Performance

STBF vs. CMCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Performance Trust Short Term Bond ETF (STBF) and VanEck CMCI Commodity Strategy ETF (CMCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STBF achieves a 1.75% return, which is significantly lower than CMCI's 19.77% return.

STBF

• 1D: -0.06%
• 1M: 0.21%
• 6M: 1.57%
• YTD: 1.75%
• 1Y: 4.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCI

• 1D: 1.56%
• 1M: 1.09%
• 6M: 16.73%
• YTD: 19.77%
• 1Y: 24.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STBF vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
STBF Performance Trust Short Term Bond ETF	1.75%	6.31%	4.57%
CMCI VanEck CMCI Commodity Strategy ETF	19.77%	7.90%	-2.05%

Correlation

The correlation between STBF and CMCI is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024	-0.14

Return for Risk

STBF vs. CMCI — Risk / Return Rank

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

STBF

STBF Risk / Return Rank: 95
STBF Sharpe Ratio Rank: 96
STBF Sortino Ratio Rank: 97
STBF Omega Ratio Rank: 96
STBF Calmar Ratio Rank: 93
STBF Martin Ratio Rank: 95

CMCI

CMCI Risk / Return Rank: 70
CMCI Sharpe Ratio Rank: 79
CMCI Sortino Ratio Rank: 78
CMCI Omega Ratio Rank: 76
CMCI Calmar Ratio Rank: 58
CMCI Martin Ratio Rank: 60

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.

STBF vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Performance Trust Short Term Bond ETF (STBF) 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.

	STBF	CMCI	Difference
Sharpe ratio: Return per unit of total volatility	3.19	1.98	+1.21
Sortino ratio: Return per unit of downside risk	5.11	2.77	+2.35
Omega ratio: Gain probability vs. loss probability	1.66	1.35	+0.31
Calmar ratio: Return relative to maximum drawdown	4.95	2.29	+2.66
Martin ratio: Return relative to average drawdown	22.41	8.37	+14.04

STBF vs. CMCI - Sharpe Ratio Comparison

The current STBF Sharpe Ratio is 3.19, which is higher than the CMCI Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of STBF 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

STBF vs. CMCI - Drawdown Comparison

The maximum STBF drawdown since its inception was -1.18%, smaller than the maximum CMCI drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for STBF and CMCI.

Drawdown Indicators

	STBF	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-1.18%	-11.54%	+10.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-10.77%	+9.77%
Current Drawdown Current decline from peak	-0.31%	-5.66%	+5.35%
Average Drawdown Average peak-to-trough decline	-0.17%	-3.69%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	2.94%	-2.72%

Volatility

STBF vs. CMCI - Volatility Comparison

The current volatility for Performance Trust Short Term Bond ETF (STBF) is 0.43%, while VanEck CMCI Commodity Strategy ETF (CMCI) has a volatility of 3.94%. This indicates that STBF experiences smaller price fluctuations and is considered to be less risky than CMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STBF	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	3.94%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	1.22%	10.45%	-9.23%
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	12.46%	-10.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.75%	12.66%	-10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.75%	12.66%	-10.91%

STBF vs. CMCI - Expense Ratio Comparison

Both STBF and CMCI have an expense ratio of 0.65%.

Dividends

STBF vs. CMCI - Dividend Comparison

STBF's dividend yield for the trailing twelve months is around 4.86%, less than CMCI's 8.25% yield.

Position	TTM	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	8.25%	9.89%	3.93%	1.64%
STBF Performance Trust Short Term Bond ETF	4.86%	5.09%	4.18%	0.00%

Frequently Asked Questions

Can I hold both STBF and CMCI in my portfolio?

STBF and CMCI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STBF or CMCI?

CMCI has higher volatility (3.94%) compared to STBF (0.43%). In terms of maximum drawdown, STBF dropped -1.18% vs CMCI's -11.54%.

Which ETF is better, STBF or CMCI?

On 1-year performance, CMCI leads with 24.57% vs 4.94% for STBF. Both ETFs have the same 0.65% expense ratio. On volatility, STBF has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STBF or CMCI?

Over the 1-year period, CMCI has performed better with a 24.57% return vs 4.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STBF or CMCI?

STBF and CMCI have the same expense ratio: 0.65% per year.

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

CMCI has the higher dividend yield at 8.25%, compared with 4.86% for STBF.

What is the main difference between STBF and CMCI?

STBF is categorized as Short-Term Bond, while CMCI is Commodities. They also come from different issuers: Performance Trust and VanEck.

Which has better risk-adjusted returns?

STBF currently has the higher Sharpe Ratio (3.19 vs 1.98), 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.