TSCM vs. CMDT

Last updated Jun 4, 2026

TSCM (TimesSquare Quality Mid Cap Growth ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. TSCM is actively managed, while CMDT is passively managed. At a correlation of -0.14, they often move in opposite directions. TSCM charges 0.55%/yr vs 0.65%/yr for CMDT.

Performance

TSCM vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TimesSquare Quality Mid Cap Growth ETF (TSCM) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSCM achieves a 3.31% return, which is significantly lower than CMDT's 23.96% return.

TSCM

• 1D: -0.92%
• 1M: 5.27%
• YTD: 3.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMDT

• 1D: -0.03%
• 1M: -0.63%
• YTD: 23.96%
• 6M: 24.09%
• 1Y: 35.85%
• 3Y*: 16.90%
• 5Y*: —
• 10Y*: —

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

TSCM vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025
TSCM TimesSquare Quality Mid Cap Growth ETF	3.31%	-0.86%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	23.96%	-0.65%

Correlation

The correlation between TSCM and CMDT 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 (All Time) Calculated using the full available price history since Dec 31, 2025	-0.14

Return for Risk

TSCM vs. CMDT — Risk / Return Rank

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

CMDT

CMDT Risk / Return Rank: 88
CMDT Sharpe Ratio Rank: 87
CMDT Sortino Ratio Rank: 86
CMDT Omega Ratio Rank: 83
CMDT Calmar Ratio Rank: 95
CMDT Martin Ratio Rank: 91

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.

TSCM vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TimesSquare Quality Mid Cap Growth ETF (TSCM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSCM	CMDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	1.32	-1.04

Drawdowns

TSCM vs. CMDT - Drawdown Comparison

The maximum TSCM drawdown since its inception was -14.87%, which is greater than CMDT's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for TSCM and CMDT.

Drawdown Indicators

	TSCM	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-14.87%	-9.69%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.69%	—
Current Drawdown Current decline from peak	-0.92%	-2.86%	+1.94%
Average Drawdown Average peak-to-trough decline	-6.33%	-2.69%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	TSCM	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	12.35%	+8.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	12.21%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	12.21%	+8.82%

TSCM vs. CMDT - Expense Ratio Comparison

TSCM has a 0.55% expense ratio, which is lower than CMDT's 0.65% expense ratio.

Dividends

TSCM vs. CMDT - Dividend Comparison

TSCM has not paid dividends to shareholders, while CMDT's dividend yield for the trailing twelve months is around 2.44%.

Position	TTM	2025	2024	2023
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.44%	3.04%	8.80%	2.71%
TSCM TimesSquare Quality Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSCM and CMDT in my portfolio?

TSCM and CMDT 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 ETF is better, TSCM or CMDT?

On fees, TSCM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCM or CMDT?

TSCM is cheaper with a 0.55% expense ratio, compared with 0.65% for CMDT.

Which ETF pays a higher dividend yield, TSCM or CMDT?

CMDT has the higher dividend yield at 2.44%, compared with 0.00% for TSCM.

What is the main difference between TSCM and CMDT?

TSCM is categorized as Mid Cap Growth Equities, while CMDT is Commodities. They also come from different issuers: TimesSquare Capital Management and PIMCO. Their fees differ too: 0.55% for TSCM and 0.65% for CMDT.