TPOR vs. CMDT
TPOR (Direxion Daily Transportation Bull 3X Shares) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, TPOR returned 13.97%/yr vs 12.77%/yr for CMDT. At a 0.01 correlation, their price movements are largely independent. TPOR charges 1.01%/yr vs 0.65%/yr for CMDT.
Performance
TPOR vs. CMDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPOR achieves a 28.21% return, which is significantly higher than CMDT's 13.43% return.
TPOR
- 1D
- -2.19%
- 1M
- 7.81%
- YTD
- 28.21%
- 6M
- 23.96%
- 1Y
- 67.02%
- 3Y*
- 13.97%
- 5Y*
- -0.87%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
TPOR vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 28.21% | 3.26% | -9.12% | 39.72% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between TPOR and CMDT is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPOR vs. CMDT — Risk / Return Rank
TPOR
CMDT
TPOR vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.
| TPOR | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.93 | +0.05 |
| Martin ratioReturn relative to average drawdown | 5.63 | 9.62 | -3.99 |
Loading charts...
Drawdowns
TPOR vs. CMDT - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for TPOR and CMDT.
Loading charts...
Drawdown Indicators
| TPOR | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -11.11% | -76.48% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -11.11% | -22.89% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -11.11% | -53.00% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | — | — |
Current DrawdownCurrent decline from peak | -31.66% | -11.11% | -20.55% |
Average DrawdownAverage peak-to-trough decline | -38.63% | -2.77% | -35.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 2.25% | +9.69% |
Volatility
TPOR vs. CMDT - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 20.81% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that TPOR'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.
Loading charts...
Volatility by Period
| TPOR | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.81% | 3.26% | +17.55% |
Volatility (6M)Calculated over the trailing 6-month period | 47.27% | 10.60% | +36.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 12.65% | +48.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.03% | 12.24% | +55.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.97% | 12.24% | +58.73% |
TPOR vs. CMDT - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
TPOR vs. CMDT - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.71%, 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% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.71% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR and CMDT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPOR has higher volatility (20.81%) compared to CMDT (3.26%). In terms of maximum drawdown, TPOR dropped -87.59% vs CMDT's -11.11%.
On 3-year performance, TPOR leads with 13.97% vs 12.77% for CMDT. On fees, CMDT is cheaper at 0.65% 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, TPOR has performed better with a 13.97% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 1.01% for TPOR.
CMDT has the higher dividend yield at 2.67%, compared with 0.71% for TPOR.
TPOR is categorized as Leveraged Equities, while CMDT is Commodities. TPOR tracks Dow Jones Transportation Average Index (300%), while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Direxion and PIMCO. Their fees differ too: 1.01% for TPOR and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 1.11), 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.
Find the right allocation for TPOR and CMDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer