URE vs. CMDT
URE (ProShares Ultra Real Estate) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, URE returned 12.71%/yr vs 12.77%/yr for CMDT. At a correlation of -0.01, they often move in opposite directions. URE charges 0.95%/yr vs 0.65%/yr for CMDT.
Performance
URE vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, URE achieves a 21.30% return, which is significantly higher than CMDT's 13.43% return.
URE
- 1D
- 2.89%
- 1M
- 1.25%
- YTD
- 21.30%
- 6M
- 22.37%
- 1Y
- 11.16%
- 3Y*
- 12.71%
- 5Y*
- -2.86%
- 10Y*
- 3.29%
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
URE vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
URE ProShares Ultra Real Estate | 21.30% | -3.65% | 0.35% | 15.40% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between URE and CMDT is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.01 |
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Return for Risk
URE vs. CMDT — Risk / Return Rank
URE
CMDT
URE vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
| URE | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.93 | -1.25 |
| Martin ratioReturn relative to average drawdown | 1.63 | 9.62 | -7.99 |
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Drawdowns
URE vs. CMDT - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for URE and CMDT.
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Drawdown Indicators
| URE | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -11.11% | -86.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -11.11% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -11.11% | -22.66% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | — | — |
Current DrawdownCurrent decline from peak | -49.63% | -11.11% | -38.52% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -2.77% | -61.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 2.25% | +4.61% |
Volatility
URE vs. CMDT - Volatility Comparison
ProShares Ultra Real Estate (URE) has a higher volatility of 10.65% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that URE'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.
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Volatility by Period
| URE | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 3.26% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.26% | 10.60% | +10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 12.65% | +15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.44% | 12.24% | +25.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 12.24% | +28.40% |
URE vs. CMDT - Expense Ratio Comparison
URE has a 0.95% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
URE vs. CMDT - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.93%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 1.93% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Frequently Asked Questions
URE and CMDT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URE has higher volatility (10.65%) compared to CMDT (3.26%). In terms of maximum drawdown, URE dropped -97.16% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 12.71% for URE. 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, CMDT has performed better with a 12.77% return vs 12.71%. 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 0.95% for URE.
CMDT has the higher dividend yield at 2.67%, compared with 1.93% for URE.
URE is categorized as REIT, while CMDT is Commodities. URE tracks Dow Jones U.S. Real Estate Index (200%), while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: ProShares and PIMCO. Their fees differ too: 0.95% for URE and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 0.40), 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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