TSEC vs. CMDT
TSEC (Touchstone Securitized Income ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - TSEC is a Short-Term Bond fund actively managed by Touchstone, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. TSEC is actively managed, while CMDT is passively managed. Over the past 3 years, TSEC returned 7.06%/yr vs 11.92%/yr for CMDT. Their -0.11 correlation means they have often moved in opposite directions in the past. TSEC charges 0.40%/yr vs 0.65%/yr for CMDT.
Performance
TSEC vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, TSEC achieves a 1.38% return, which is significantly lower than CMDT's 19.39% return.
TSEC
- 1D
- -0.04%
- 1M
- -0.18%
- 6M
- 0.86%
- YTD
- 1.38%
- 1Y
- 4.86%
- 3Y*
- 7.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.09%
CMDT
- 1D
- 0.09%
- 1M
- 6.84%
- 6M
- 12.84%
- YTD
- 19.39%
- 1Y
- 28.43%
- 3Y*
- 11.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $1.77M | $2.38M | |
| $475.01K | $791.85K | $793.35K |
TSEC vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSEC Touchstone Securitized Income ETF | 1.38% | 7.47% | 7.62% | 5.00% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 19.39% | 12.78% | 6.93% | 0.75% |
Correlation
The correlation between TSEC and CMDT is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2023 | -0.11 |
The correlation between TSEC and CMDT shifts across timeframes, from -0.22 (1 year) to -0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TSEC vs. CMDT — Risk / Return Rank
TSEC
CMDT
TSEC vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Securitized Income ETF (TSEC) 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.
| TSEC | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.13 | +1.07 |
| Martin ratioReturn relative to average drawdown | 10.21 | 7.56 | +2.65 |
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Drawdowns
TSEC vs. CMDT - Drawdown Comparison
The maximum TSEC drawdown since its inception was -1.78%, smaller than the maximum CMDT drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for TSEC and CMDT.
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Drawdown Indicators
| TSEC | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.78% | -13.23% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -13.23% | +11.56% |
Max Drawdown (3Y)Largest decline over 3 years | -1.78% | -13.23% | +11.45% |
Current DrawdownCurrent decline from peak | -0.66% | -6.44% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -2.97% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 3.73% | -3.21% |
Volatility
TSEC vs. CMDT - Volatility Comparison
The current volatility for Touchstone Securitized Income ETF (TSEC) is 0.55%, while PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a volatility of 3.97%. This indicates that TSEC experiences smaller price fluctuations and is considered to be less risky than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSEC | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 3.97% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 11.25% | -9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 13.09% | -10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 12.36% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.88% | 12.36% | -9.48% |
TSEC vs. CMDT - Expense Ratio Comparison
TSEC has a 0.40% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
TSEC vs. CMDT - Dividend Comparison
TSEC's dividend yield for the trailing twelve months is around 7.66%, more than CMDT's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.58% | 3.04% | 8.80% | 2.71% |
TSEC Touchstone Securitized Income ETF | 7.66% | 6.47% | 5.83% | 2.86% |
Frequently Asked Questions
TSEC and CMDT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.97%) compared to TSEC (0.55%). In terms of maximum drawdown, TSEC dropped -1.78% vs CMDT's -13.23%.
On 3-year performance, CMDT leads with 11.92% vs 7.06% for TSEC. On fees, TSEC is cheaper at 0.40% per year. On volatility, TSEC has been the lower-risk option at 0.55%. 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 11.92% return vs 7.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSEC is cheaper with a 0.40% expense ratio, compared with 0.65% for CMDT.
TSEC has the higher dividend yield at 7.66%, compared with 2.58% for CMDT.
TSEC is categorized as Short-Term Bond, while CMDT is Commodities. They also come from different issuers: Touchstone and PIMCO. Their fees differ too: 0.40% for TSEC and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (2.16 vs 2.02), 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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