TSCM vs. CMDY

Last updated Jun 4, 2026

TSCM (TimesSquare Quality Mid Cap Growth ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. TSCM is actively managed, while CMDY is passively managed. At a correlation of -0.15, they often move in opposite directions. TSCM charges 0.55%/yr vs 0.28%/yr for CMDY.

Performance

TSCM vs. CMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TimesSquare Quality Mid Cap Growth ETF (TSCM) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 CMDY's 25.44% return.

TSCM

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

CMDY

• 1D: 0.02%
• 1M: -2.52%
• YTD: 25.44%
• 6M: 24.53%
• 1Y: 37.10%
• 3Y*: 15.48%
• 5Y*: 10.71%
• 10Y*: —

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

TSCM vs. CMDY - Yearly Performance Comparison

	2026 (YTD)	2025
TSCM TimesSquare Quality Mid Cap Growth ETF	3.31%	-0.86%
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF	25.44%	-1.55%

Correlation

The correlation between TSCM and CMDY 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 (All Time) Calculated using the full available price history since Dec 31, 2025	-0.15

Return for Risk

TSCM vs. CMDY — Risk / Return Rank

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

CMDY

CMDY Risk / Return Rank: 72
CMDY Sharpe Ratio Rank: 69
CMDY Sortino Ratio Rank: 61
CMDY Omega Ratio Rank: 69
CMDY Calmar Ratio Rank: 86
CMDY Martin Ratio Rank: 75

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. CMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TimesSquare Quality Mid Cap Growth ETF (TSCM) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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	CMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.56	-0.28

Drawdowns

TSCM vs. CMDY - Drawdown Comparison

The maximum TSCM drawdown since its inception was -14.87%, smaller than the maximum CMDY drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for TSCM and CMDY.

Drawdown Indicators

	TSCM	CMDY	Difference
Max Drawdown Largest peak-to-trough decline	-14.87%	-31.19%	+16.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.56%	—
Current Drawdown Current decline from peak	-0.92%	-3.97%	+3.05%
Average Drawdown Average peak-to-trough decline	-6.33%	-13.14%	+6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.57%	—

Volatility

Volatility by Period

	TSCM	CMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	16.06%	+4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	15.80%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	14.63%	+6.40%

TSCM vs. CMDY - Expense Ratio Comparison

TSCM has a 0.55% expense ratio, which is higher than CMDY's 0.28% expense ratio.

Dividends

TSCM vs. CMDY - Dividend Comparison

TSCM has not paid dividends to shareholders, while CMDY's dividend yield for the trailing twelve months is around 10.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF	10.28%	12.89%	4.23%	5.10%	3.98%	16.09%	0.15%	2.21%	1.73%
TSCM TimesSquare Quality Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSCM and CMDY in my portfolio?

TSCM and CMDY 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.

Which ETF is better, TSCM or CMDY?

On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCM or CMDY?

CMDY is cheaper with a 0.28% expense ratio, compared with 0.55% for TSCM.

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

CMDY has the higher dividend yield at 10.28%, compared with 0.00% for TSCM.

What is the main difference between TSCM and CMDY?

TSCM is categorized as Mid Cap Growth Equities, while CMDY is Commodities. They also come from different issuers: TimesSquare Capital Management and iShares. Their fees differ too: 0.55% for TSCM and 0.28% for CMDY.