TMDV vs. CMDT
TMDV (ProShares Russell U.S. Dividend Growers ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - TMDV is a Mid Cap Value Equities fund tracking the Russell 3000 Dividend Elite Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, TMDV returned 6.24%/yr vs 12.77%/yr for CMDT. At a correlation of -0.00, they often move in opposite directions. TMDV charges 0.35%/yr vs 0.65%/yr for CMDT.
Performance
TMDV vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, TMDV achieves a 8.42% return, which is significantly lower than CMDT's 13.43% return.
TMDV
- 1D
- 0.73%
- 1M
- 2.61%
- YTD
- 8.42%
- 6M
- 7.91%
- 1Y
- 10.94%
- 3Y*
- 6.24%
- 5Y*
- 3.80%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
TMDV vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 8.42% | 2.91% | 2.64% | 3.63% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between TMDV and CMDT is -0.15, 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 | -0.15 |
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 | -0.00 |
The correlation between TMDV and CMDT shifts across timeframes, from -0.15 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TMDV vs. CMDT — Risk / Return Rank
TMDV
CMDT
TMDV vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) 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.
| TMDV | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.93 | -0.81 |
| Martin ratioReturn relative to average drawdown | 2.70 | 9.62 | -6.93 |
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Drawdowns
TMDV vs. CMDT - Drawdown Comparison
The maximum TMDV drawdown since its inception was -33.42%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for TMDV and CMDT.
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Drawdown Indicators
| TMDV | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.42% | -11.11% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -11.11% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | -11.11% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -11.11% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -2.77% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.25% | +1.82% |
Volatility
TMDV vs. CMDT - Volatility Comparison
ProShares Russell U.S. Dividend Growers ETF (TMDV) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) have volatilities of 3.26% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDV | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.26% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 10.60% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 12.65% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 12.24% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 12.24% | +6.36% |
TMDV vs. CMDT - Expense Ratio Comparison
TMDV has a 0.35% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
TMDV vs. CMDT - Dividend Comparison
TMDV's dividend yield for the trailing twelve months is around 2.53%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% |
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.53% | 2.65% | 2.70% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% |
Frequently Asked Questions
TMDV and CMDT have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.26%) compared to TMDV (3.26%). In terms of maximum drawdown, TMDV dropped -33.42% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 6.24% for TMDV. On fees, TMDV is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDT has performed better with a 12.77% return vs 6.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMDV is cheaper with a 0.35% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 2.53% for TMDV.
TMDV is categorized as Mid Cap Value Equities, while CMDT is Commodities. TMDV tracks Russell 3000 Dividend Elite Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: ProShares and PIMCO. Their fees differ too: 0.35% for TMDV and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 0.91), 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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